He Xun Wang·2025-07-01 16:24Core Viewpoint - Yuexiu Capital has agreed to allow its subsidiary, Guangzhou Asset, to increase its stake in Yuexiu Property through the Hong Kong stock market, aiming to deepen cooperation and secure stable investment returns [1] Group 1: Investment Details - Guangzhou Asset will use up to 204 million yuan of its own funds to purchase additional shares of Yuexiu Property, with authorization valid until May 30, 2026 [1] - In 2024, Guangzhou Asset was previously authorized to use up to 557 million yuan, resulting in the purchase of 78.38 million shares, accounting for 1.95% of the company, with a total expenditure of 352 million yuan [1] - The current increase in stake is intended to utilize the remaining 204 million yuan from the previous authorization [1] Group 2: Business Strategy and Performance - Yuexiu Capital emphasizes that the increase in stake will enhance collaboration with Yuexiu Property, particularly in exploring real estate distress relief and other business opportunities [1] - Yuexiu Property has shown resilience in a challenging market, achieving a contract sales figure of 114.5 billion yuan in 2024, ranking 8th among peers [1] - In the first half of the year, Yuexiu Property's sales reached 61.7 billion yuan, making it one of the few companies in the top 100 to experience year-on-year sales growth, also ranking 8th [1] Group 3: Market Position and Land Acquisition - The company focuses on key regions, particularly in first and second-tier cities, with land acquisition expenditures of 10.5 billion yuan in the first half of the year, including 3.4 billion yuan in the Guangdong-Hong Kong-Macao Greater Bay Area, ranking second in land acquisition [1] - In April, during a land auction in Hangzhou, Yuexiu Property won a plot after 82 rounds of bidding for 1.1 billion yuan, with a premium rate of 58.23%, indicating confidence in core land and improved products [1] Group 4: Market Outlook - Despite a 15% decline in stock price this year, resulting in a total market capitalization of 17.3 billion HKD, the company is expected to benefit from positive signals released by the State Council regarding the real estate market [1] - Analysts suggest that market stabilization in the second half of the year will depend on policy support, with ongoing differentiation among cities [1]