截止2025年11月末，该集团实现经营性收入约人民币244.2亿元(含税金额约人民币260.3亿元);其中运营 收入约人民币129.4亿元(含税金额约人民币138.5亿元)，服务收入约人民币114.8亿元(含税金额约人民币 121.8亿元)。 智通财经APP讯，龙湖集团(00960)公布，截止2025年11月末，该集团累计实现总合同销售金额人民币 593.9亿元，合同销售面积473.9万平方米，11月单月实现总合同销售金额人民币36.4亿元，合同销售面 积35.0万平方米;11月单月实现归属公司股东权益的合同销售金额人民币25.2亿元，归属公司股东权益的 合同销售面积25.6万平方米。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 二零二五年十一月未經審核營運數據 龍 湖 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 會（「董事會」）公 佈，截 止 二零二五年十一月末，本集團累計實現總合同銷售金額人民幣593.9億元，合同銷售面積473.9萬平 方米，十一月單月實現總合同銷售金額人民幣36.4億元，合同銷售面積35.0萬平方米；十一月單月 實現歸屬本公司股東權益的合同銷售金額人民幣25.2億元，歸屬本公司股東權益的合同銷售面積 25.6萬平方米。 二零二五年十一月單月總合同銷售金額分區域統計結果如下： | 單位：億元人民幣 | 西 部 | 環渤海 | 長三角 | 華 中 | 華 南 | | --- | --- | --- | --- | --- | --- | | 合同銷售金額 | 10.6 | 9.2 | 10.3 | 3.7 | 2.6 | 截止二零二五年十一月末，本集團實現 ...

来源：环球网 12月5-6日，由龙湖集团精心打造的"与湖欢宴 星厨筵选"龙湖美食节活动，在成都滨江天街隆重举行。 本次活动汇聚8家米其林星级与必比登推介餐厅、非遗老字号及人气主厨，为成都市民呈现了一场融合 美食、文化与幸福的味觉盛宴。千余位嘉宾现场品尝米其林美食，共享欢乐。 继今年9月龙湖在武汉举办的"与湖造浪"音乐节后，龙湖在成都以"与湖欢宴"为主题，深入城市的松弛 脉络与烟火日常，以美食为纽带，打造了属于一场成都人自己的米其林。"与湖"成为龙湖在各城市落地 的、链接龙湖会员的系列活动IP。 活动特邀包括米其林一星餐厅柴门荟、谧寻茶室，米其林必比登推介餐厅南翔馒头店、陈麻婆豆腐、年 丰饭店，以及米其林指南入选餐厅辛厨房、蜀府宴、且芳香等八家知名餐饮品牌。同时，承载城市记忆 的非遗传承店小名堂担担甜水面与地道街头小吃彭记蛋烘糕也共同亮相，既有蜀地文化的餐厅标杆蜀府 宴，也有3元一份亲民价格的陈麻婆豆腐，让成都市民一次性品尝各类米其林，同时展现出成都丰富多 元的饮食文化。 互动体验惊喜连连 抽奖环节贯穿活动始终，奖品丰厚实用，包括龙湖优选珑珠券、龙湖冠寓3天随心住及龙湖天街珑珠券 等，现场气氛热烈，惊喜不断。 ...

龙湖集团 20251207 摘要 龙湖地产作为老牌房企，业务涵盖开发、运营和服务，布局一二线城市， 财务管理审慎，管控能力强，展现出较强的韧性。 龙湖商业投资板块是其差异化优势，截至 2025 年底运营 89 座商场， 总面积超 940 万平方米，选址集中于一二线城市 TOD 项目，具有显著 的区位优势和持续外延式增长能力。 龙湖商业租金坪效在 2025 年上半年跌幅收窄，表明进入效益兑现阶段， 老项目升级改造推动内生成长，管理优势显著，同城平均租金水平优于 全市平均水平。 C-REITs 为龙湖商业地产带来重估空间，消费 REITs 股息率与当前账面 估值资本化率存在差距，若以接近 5%的资本化率重估，股权价值可达 1993 亿以上。 龙湖智创生活第三方项目占比达 60%，非住宅业务占比 30%，科技赋 能提升运营效率，毛利率远高于行业平均水平，设施管理市场空间广阔。 龙湖智创生活智慧制造业务新增签约面积同比增长 87%，行业排名第五， 与央国企、地方平台等合作广泛，代建业务具备全业态和全流程优势。 龙湖融资状况健康，有息负债持续下降，现金流表现良好，维持三大红 线绿档，融资成本降低，债务压力已过，未来业绩 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 龍湖集團控股有限公司 呈交日期: 2025年12月1日 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00960 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 7,041,631,192 | | 0 | | 7,041,631,192 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 7,041,631,192 | | 0 | | 7,041,631,192 | 第 2 頁 共 10 頁 v 1.1.1 FF301 I. 法定/註冊股本變動 | 1. 股份分 ...

稳定展望反映了标普的预期，即龙湖的商业地产组合将在未来12个月内为其提供充足的流动性缓冲。 标普认为，龙湖充足的流动性以及管理良好的债务结构降低了短期内的风险。 11月17日，国际评级机构标普发布对龙湖集团的最新评级报告，确认其公司评级为BB-，展望为"稳 定"。 此外，标普预计龙湖集团的商业地产组合将有稳健表现，有助于改善其流动性并获得资金支持。2025年 上半年，龙湖的租金收入同比增长4.9%。这得益于97%的高出租率，同时期的零售额和日均客流分别增 长了17%和11%。在标普看来，龙湖能够保持其商业地产组合的稳健运营表现，以确保资产质量和偿债 能力。 ...

Group 1 - S&P has confirmed Longfor Group's rating at BB- with a stable outlook, indicating expectations of sufficient liquidity support from its commercial property portfolio over the next 12 months [1] - Longfor has repaid all domestic bonds maturing in 2025, with only approximately 2 billion RMB of foreign bank loans remaining due in the same year, reflecting a well-managed debt structure [1] - The debt maturity scale for Longfor in 2026 and 2027 is significantly lower compared to 2025, suggesting manageable refinancing risks supported by operational property loans [1] Group 2 - Moody's reported that Longfor's liquidity remains strong, with non-restricted cash and operating cash flow expected to cover unpaid land payments, dividends, and maturing debts over the next 12-18 months [2] - Longfor's credit metrics are projected to recover in the next 12-24 months due to high-margin operating income growth and ongoing debt reduction [2] Group 3 - Longfor's rental income increased by 4.9% year-on-year in the first half of 2025, supported by a high occupancy rate of 97%, with retail sales and average daily foot traffic growing by 17% and 11%, respectively [1] - S&P believes Longfor can maintain robust operational performance in its commercial property portfolio, ensuring asset quality and debt repayment capability [1]

Group 1 - Hong Kong real estate stocks experienced a general rise, with Longfor Group up 3.33%, China Resources Land up 3%, and Agile Group up 3.4% [1] - Other notable increases include R&F Properties, Jin Hui Holdings, Ronshine China, and Jianfa International Group, each rising approximately 2%, while Midea Real Estate, Longguang Group, New City Development, and China Overseas Macro Holdings rose over 1% [1] Group 2 - The China Index Academy recently released the October financing report, indicating that the total bond financing in the real estate sector for October 2025 reached 51.24 billion yuan, a year-on-year increase of 76.9% [1] - The issuance of credit bonds in October also saw a year-on-year increase, primarily from state-owned enterprises, with real estate credit bond financing amounting to 32.7 billion yuan, up 50.7% year-on-year, accounting for 63.8% of the total [1] Group 3 - CITIC Securities suggests that 2026 may be a critical year for real estate companies to enter a balance sheet repair phase, with some firms potentially reaching the bottom of a long-term profit cycle [1] - Companies that manage to recover first are likely those with well-positioned assets in good cities, operational investment properties, or financial assets with appreciation potential [1]

Group 1 - The article highlights a positive trend in the Chinese real estate sector, with several major property stocks experiencing gains in early trading, including R&F Properties up 3.64% and Longfor Group up 2.94% [1] - According to Open Source Securities, as of October 31, a total of 438.4 billion yuan in special bonds for land reserves have been issued, with 319.8 billion yuan specifically for affordable housing projects [1] - The urban development is shifting from large-scale expansion to improving existing stock, emphasizing high-quality urban development and urban renewal projects, with an estimated investment demand of 4 trillion yuan over the next five years [1] Group 2 - CITIC Securities indicates that the supply and demand situation in the real estate market has improved, suggesting a foundation for stabilization by 2026 [1] - The year 2026 is projected to be critical for real estate companies in terms of balance sheet recovery, with some firms potentially reaching a long-term profitability bottom [1] - Companies that have successfully navigated challenges are likely to be those with strong urban positioning, well-operating investment properties, or valuable financial assets [1]

Core Viewpoint - The real estate stocks in China are experiencing an upward trend, with significant gains reported for several major companies, indicating a potential recovery in the sector [1] Group 1: Stock Performance - R&F Properties (02777) increased by 3.64%, trading at HKD 0.57 [1] - Longfor Group (00960) rose by 2.94%, trading at HKD 10.51 [1] - China Resources Land (01109) saw a 2.75% increase, trading at HKD 29.88 [1] - Oceanwide Holdings (03377) gained 1.9%, trading at HKD 0.107 [1] Group 2: Debt Issuance and Urban Development - As of October 31, a total of CNY 438.4 billion in special bonds for land reserves has been issued, with CNY 319.8 billion allocated for affordable housing projects [1] - The urban development strategy is shifting from large-scale expansion to enhancing existing stock, focusing on high-quality urban development and urban renewal projects [1] - Central government prioritizes support for key urban renewal projects, with an estimated investment demand of CNY 4 trillion over the next five years [1] Group 3: Market Outlook - CITIC Securities reports an improvement in the supply-demand situation in the real estate market, suggesting a foundation for stabilization by 2026 [1] - 2026 is anticipated to be a critical year for real estate companies to repair their balance sheets, with some firms potentially reaching a long-term profitability bottom [1] - Companies that have strategically positioned themselves in favorable cities and possess well-operating investment properties or valuable financial assets are likely to recover first [1]