CMSK(SZ:001979) Huan Qiu Wang·2025-04-14 03:06Policy News - The central government will continue to support urban renewal actions in 2025 with a fixed subsidy for selected cities, with a maximum subsidy of 800 million yuan for eastern cities, 1 billion yuan for central cities, and 1.2 billion yuan for western cities [1] - Liaoning Province plans to increase special bond support for purchasing existing homes for affordable housing, aiming to stabilize housing consumption and improve housing supply standards [1] Market News - China Merchants Shekou won a land bid in Tongzhou District for 2.708 billion yuan, with a premium of 16.28%, covering an area of 34,729.57 square meters and a planned construction area of 86,823.925 square meters [2] Economic Data - In March 2025, the national consumer price index (CPI) decreased by 0.1% year-on-year, while housing prices increased by 0.1% [3] Corporate News - Hunan Province issued 9.415 billion yuan in land reserve special bonds, covering 126 plots across the province, indicating a strong signal for optimizing land resource allocation [4] - Zhu Jiusheng resigned as chairman of Vanke Financial Company, marking his exit from key positions within the Vanke system [5] - Gree Real Estate will be integrated into Huafa Group, with a change in its controlling shareholder [6] - Country Garden's offshore debt restructuring has progressed, with a proposed restructuring covering approximately 29.9% of existing debt totaling about 14.074 billion USD [7] Sales Performance - Poly Developments reported a contract sales amount of 63.027 billion yuan in Q1, a slight increase of 0.07% year-on-year, with a sales area decrease of 16.03% [8] - China Merchants Shekou's Q1 contract sales amounted to 35.07 billion yuan with a sales area of 1.4582 million square meters [9] - China Jinmao's Q1 contract sales reached 18.302 billion yuan with a sales area of 848,000 square meters [10] - Longfor Group's Q1 contract sales were 16.95 billion yuan with a sales area of 1.188 million square meters [11] - China Fortune Land Development reported a significant decline in Q1 sales, with a contract sales amount of 8.15 billion yuan, down 51.31% year-on-year [11] - Shimao Group's Q1 contract sales totaled 7.07 billion yuan with a sales area of 579,700 square meters [11] - First Capital achieved a contract sales amount of 6.39 billion yuan in Q1 with a sales area of 385,200 square meters [12] - CIFI Holdings reported Q1 contract sales of approximately 5.44 billion yuan with a sales area of about 536,200 square meters [13] - New Town Holdings experienced a significant decline in Q1 contract sales, totaling approximately 5.102 billion yuan, down 57.29% year-on-year [13] - R&F Properties reported total sales revenue of 2.77 billion yuan in Q1 with a sales area of 254,800 square meters [14]