雅居乐大跌超18%创历史新低，被提出清盘呈请

Core Viewpoint - Aoyuan's stock price plummeted to a historic low of HKD 0.31 per share, down 18.42%, following a winding-up petition filed by its project partner, New Macau (Zhongshan) Enterprise Management Co., Ltd. [1] Group 1: Financial Performance - For the eleven months ending November 30, 2025, Aoyuan reported a total pre-sale amount of approximately RMB 8.08 billion, corresponding to a construction area of about 886,000 square meters, with an average price of RMB 9,113 per square meter [1] - In the interim report for the first half of 2025, Aoyuan achieved a revenue of RMB 13.574 billion, a year-on-year decline of 35.78%, and a net loss attributable to shareholders of RMB 8.03 billion, compared to a loss of RMB 9.674 billion in the same period last year [1] Group 2: Debt Restructuring - Aoyuan is advancing its offshore debt restructuring plan, aiming to reach preliminary agreements with most major creditors by the end of 2025. The company has submitted an initial proposal to creditors and is assisting in due diligence to reduce debt leverage and enhance financial flexibility [1] - As of September 30, Aoyuan reported progress in negotiations with financial institutions to extend loan maturities, successfully reaching preliminary agreements to extend repayment terms for loans totaling approximately RMB 1.492 billion [3]