截止2025年12月末，集团实现经营性收入约人民币267.7亿元(含税金额约人民币285.4亿元);其中运营收 入约人民币141.9亿元(含税金额约人民币151.9亿元)，服务收入约人民币125.8亿元(含税金额约人民币 133.5亿元)。 龙湖集团(00960)发布公告，截止2025年12月末，集团累计实现总合同销售金额人民币631.6亿元，合同 销售面积518.6万平方米，12月单月实现总合同销售金额人民币37.7亿元，合同销售面积44.7万平方 米;12月单月实现归属公司股东权益的合同销售金额人民币23.8亿元，归属公司股东权益的合同销售面 积28.6万平方米。 集团2025年12月新增一块土地储备，总建筑面积6.36万平方米，权益建筑面积6.36万平方米，权益地价 人民币7.66亿元。 ...

截止2025年12月末，集团实现经营性收入约人民币267.7亿元(含税金额约人民币285.4亿元)；其中运营 收入约人民币141.9亿元(含税金额约人民币151.9亿元)，服务收入约人民币125.8亿元(含税金额约人民币 133.5亿元)。约人民币121.8亿元)。 格隆汇1月12日丨龙湖集团(00960.HK)公告，截止2025年12月末，集团累计实现总合同销售金额人民币 631.6亿元，合同销售面积518.6万平方米，十二月单月实现总合同销售金额人民币37.7亿元，合同销售 面积44.7万平方米；十二月单月实现归属公司股东权益的合同销售金额人民币23.8亿元，归属公司股东 权益的合同销售面积28.6万平方米。 ...

Core Viewpoint - Longfor Group (00960) reported a total contract sales amount of RMB 63.16 billion and a contract sales area of 5.186 million square meters by the end of December 2025 [1] Group 1: Sales Performance - The total contract sales amount for December alone reached RMB 3.77 billion, with a contract sales area of 447,000 square meters [1] - The contract sales amount attributable to shareholders for December was RMB 2.38 billion, with an area of 286,000 square meters [1] Group 2: Land Acquisition - In December 2025, the company added a new land reserve with a total construction area of 63,600 square meters and an equity construction area of 63,600 square meters [1] - The equity land price for this new acquisition was RMB 766 million [1] Group 3: Revenue Generation - By the end of December 2025, the company achieved operating revenue of approximately RMB 26.77 billion (tax-inclusive amount approximately RMB 28.54 billion) [1] - The operating revenue was approximately RMB 14.19 billion (tax-inclusive amount approximately RMB 15.19 billion), while service revenue was approximately RMB 12.58 billion (tax-inclusive amount approximately RMB 13.35 billion) [1]

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。 LONGFOR GROUP HOLDINGS LIMITED 龍湖集團控股有限公司 （於開曼群島註冊成立之有限責任公司） （股份代號：960） 上述數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等數據過程中存在各種不確定 因素，該等數據與本公司按年度或半年度刊發的經審核或未經審核綜合財務報表中披露的數字 可能存在差異，因此上述數據僅供投資者參考。投資者買賣本公司證券時務須謹慎行事，避免不 恰當地依賴該等資料。如有任何疑問，投資者應尋求專業人士或財務顧問的專業意見。 承董事會命 龍湖集團控股有限公司 主 席 陳序平 香港，二零二六年一月十二日 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 二零二五年十二月末，本集團累計實現總合同銷售金額人民幣631.6億元，合同銷售面積518.6萬平 方米，十二月單月實現總 ...

Core Viewpoint - The article highlights a positive shift in investor sentiment towards Chinese real estate stocks, driven by a commentary in the "Qiushi" magazine suggesting a potential change in government policy regarding the real estate market [1] Group 1: Market Performance - Chinese real estate stocks have shown an upward trend, with notable increases in share prices: Longfor Group (4.37%), R&F Properties (3.77%), Agile Group (3.57%), China Overseas Land & Investment (3.04%), China Resources Land (3.82%), China Jinmao (2.75%), and Sunac China (2.27%) [1] Group 2: Policy Insights - JPMorgan notes that the commentary in "Qiushi" magazine has raised investor hopes for a shift in policy, advocating for substantial measures rather than incremental ones, especially after a lack of significant policies last year [1] - The article suggests that the current discourse from officials regarding the real estate market may finally be changing, given the ongoing decline in housing prices and sales since the second half of last year [1] Group 3: Future Outlook - JPMorgan predicts that without substantial policy changes, the downward trend in the real estate sector will continue, forecasting a 7% decline in sales and a 5% drop in housing prices for the year [1] - However, the current market conditions, particularly the impact of weak housing prices on consumer spending, increase the likelihood of more robust policy support this year, indicating potential upside risks to JPMorgan's forecasts [1]

Group 1 - Longfor Group successfully completed the principal repayment and interest payment of "21 Longfor 02" amounting to approximately 1.038 billion yuan, with a face value of 1 billion yuan and a coupon rate of 4.4% [1] - The company has repaid a syndicated loan of 9.227 billion HKD (approximately 8.5 billion yuan) ahead of schedule, indicating a proactive approach to debt management [1] - After the repayment of "21 Longfor 02," the remaining domestic credit bond balance is approximately 3.4 billion yuan, with a diversified repayment schedule [1] Group 2 - Since 2023, Longfor Group has focused on driving business growth through positive operating cash flow, achieving positive cash flow including capital expenditures for three consecutive years [2] - The company has reduced interest-bearing liabilities by over 40 billion yuan over three years, with plans to further decrease liabilities by approximately 10 billion yuan annually starting in 2026 [2] - Longfor Group's ability to navigate the debt cycle positively impacts the industry, demonstrating that traditional real estate companies can address historical issues and explore new business models [2]

Group 1 - Longfor Group completed the principal repayment and interest payment for the "21 Longfor 02" bond on January 5, involving a total amount of approximately 1.038 billion yuan [2] - The bond was issued in 2021 with a total amount of 1 billion yuan and a coupon rate of 4.4%, with the redemption date set for January 7, 2026 [2] - After the repayment of "21 Longfor 02," Longfor Group's domestic credit bond balance is approximately 3.4 billion yuan, with various maturities in 2026 and 2027 [2] Group 2 - As of June 30, 2025, Longfor Group's total borrowing was 169.8 billion yuan, a decrease of 6.53 billion yuan compared to the end of the previous year [3] - The net debt ratio stood at 51.2%, with an average financing cost of 3.58% per annum and an average loan term of 10.95 years [3] - The company had cash on hand amounting to 44.67 billion yuan [3] Group 3 - Longfor Group's CFO indicated that 2025 will be a peak year for debt repayment, with over 60 billion yuan to be repaid, and subsequent years will see repayments of around 20 billion yuan each in 2026 and 2027 [2]

Group 1 - The core point of the news is that Longfor Group has completed the repayment of its bond "21 Longfor 02," involving a total amount of approximately 1.038 billion yuan, which includes principal and interest payments [1] - The bond had an issuance amount of 1 billion yuan and a coupon rate of 4.4%, with the repayment date set for January 7, 2026 [1] - Longfor Group has also settled its syndicated loan of 9.227 billion HKD (approximately 8.5 billion yuan) ahead of schedule, which was initiated on December 21, 2020, with a term of five years [1] Group 2 - As of June 30, 2025, Longfor Group's total borrowings amounted to 169.8 billion yuan, a decrease of 6.53 billion yuan compared to the end of the previous year, with a net debt ratio of 51.2% [2] - The average financing cost is 3.58% per annum, and the average contract loan term is 10.95 years, with cash on hand amounting to 44.67 billion yuan [2] - The company began its debt reduction strategy in mid-2022, when its interest-bearing debt was 208 billion yuan, aiming to reduce debt through operational cash flow [2]

Core Viewpoint - Longfor Group has successfully repaid its syndicate loan of HKD 9.227 billion (approximately RMB 8.5 billion) ahead of schedule, marking a significant step in managing its debt and financial strategy [2] Group 1: Debt Management - The syndicate loan was initiated on December 21, 2020, with a five-year term, and was fully repaid in early December 2023 [2] - Longfor Group has cleared all public market debts due by the third quarter of 2025, demonstrating a robust financial strategy and orderly repayment plan [2] - Since 2023, Longfor has focused on driving business growth through positive operating cash flow, establishing a sustainable financial foundation [2] Group 2: Financial Performance - As of mid-2025, Longfor Group has achieved positive operating cash flow, including capital expenditures, for three consecutive years [2] - The company has reduced interest-bearing liabilities by over RMB 40 billion cumulatively since mid-2022, leading to continuous improvement in financial metrics [2] - Longfor plans to further reduce interest-bearing liabilities by approximately RMB 10 billion annually starting in 2026, stabilizing its debt levels without repayment pressure [2] Group 3: Industry Implications - Longfor's successful navigation through the debt cycle is seen as a positive signal for the industry, indicating that traditional real estate companies can address historical issues internally [2] - The company's approach reflects a commitment to steady and orderly planning, as well as a long-term strategy to engage in the exploration of new real estate models [2]

Core Viewpoint - Longfor Group has successfully managed its debt obligations, completing the repayment of "21 Longfor 02" and settling a significant portion of its loans, indicating a strong financial strategy and stability in navigating debt peaks [1][2] Group 1: Debt Management - Longfor Group completed the principal repayment and interest payment for "21 Longfor 02," totaling approximately 1.038 billion yuan, with a face value of 1 billion yuan and an interest rate of 4.4% [1] - The company has cleared a syndicated loan of 9.227 billion HKD (approximately 8.5 billion yuan), which was initiated on December 21, 2020, with a five-year term [1] - Following the repayment of "21 Longfor 02," Longfor's domestic credit bond balance is approximately 3.4 billion yuan, with staggered maturity dates, indicating manageable debt pressure [1] Group 2: Financial Strategy - Since 2023, Longfor has focused on driving business growth through positive operating cash flow and maintaining a stable debt structure for sustainable development [2] - The company has reduced interest-bearing liabilities by over 40 billion yuan over three years, with plans to further decrease liabilities by approximately 10 billion yuan annually starting in 2026 [2] - Longfor's ability to navigate the debt cycle positively impacts the industry, showcasing that traditional real estate companies can address historical issues and adapt to new market models through prudent strategies [2]