Group 1 - The core viewpoint of the article highlights the significant activity in the Hefei real estate market ahead of the May Day holiday, with multiple new projects being launched and aggressive pricing strategies being employed to attract buyers [1][4]. - On April 25, Hefei's main urban area registered 10 new projects with a total of 684 housing units, indicating a surge in market activity [1][2]. - The average price of the new listings shows that 8 out of 10 projects have an average price above 20,000 yuan per square meter, establishing this price point as a basic threshold for home purchases in Hefei [3][4]. Group 2 - Many projects are offering substantial discounts, with some properties being sold at prices as low as 67% of their original price, making them attractive options for potential buyers [5][10]. - Notable projects like Vanke's Yueying Qingchuan have seen successful sales, with both initial and subsequent launches selling out quickly [6][8]. - Developers are also employing strategies such as low down payments and promotional events to entice buyers, with some projects offering as low as 30,000 yuan as a down payment [13][14]. Group 3 - The upcoming May Day holiday is expected to be a competitive period for the Hefei real estate market, with 54 new projects set to enter the market, indicating a significant increase in supply [24][26]. - Several new developments are scheduled to open in May, including projects with various unit sizes and amenities aimed at different buyer segments [14][22]. - The total number of new housing units expected to be launched in the next six months is approximately 10,880, suggesting a robust supply pipeline [24][28]. Group 4 - Recent statistics indicate a 23.21% increase in housing transactions in Hefei from April 1 to April 27, 2025, compared to the same period in 2024, suggesting a positive trend in market activity [28][30]. - The price index for new residential properties has shown signs of stabilization and recovery, with expectations for continued improvement in the coming months [30][32]. - Government initiatives aimed at stabilizing the real estate market have been reiterated, reflecting a strong commitment to support the sector [33][34].

5月1日起，住房城乡建设部发布的《住宅项目规范》将正式实施，对新建住宅一系列指标明确了底线要求，被视为"好房子"的标准。 "好房子"作为房地产市场发展的新动能，不仅重塑市场格局，也将带来增量市场，房地产企业因此迎来新的机遇。作为建造主角，部分房企也陆续发布了自己的"好 房子"战略。在业内人士看来，从之前"土地红利"转向"产品红利"，未来能够提供"好房子"的房企才能脱颖而出。 打造各自特色的"好房子" 近期，不少房企在年报及业绩会上提到"好房子"，凸显了对这一战略的重视。多家房企也纷纷发布产品标准，并表态将通过建设"好房子"更好满足市场需求。 3月底，越秀地产举办发布会，发布其产品理念和产品线。越秀集团总经理、越秀地产董事长林昭远表示，当前行业正从"快字当头"转向"好字优先"。公司对外发 布"4×4好产品理念"，提炼出"品质、温度、智慧、成长"四大关键词和16个产品主张，重点强调的是科技、社区、灵动空间等理念。近日，绿地集团发布升级版 的"绿地好房子产品标准"，该产品标准基于新的《住宅项目规范》，提出多项细化标准。 在与一些大型房企的沟通过程中，记者了解到，房企已经把竞争的标尺放到"好房子"上，部分改善型楼盘已 ...

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之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 （在香港註冊成立的有限公司） （股份代號：00123） 股東週年大會通告 茲通告越秀地產股份有限公司（「本公司」）謹訂於二○二五年六月二十日（星期五）上午 十時十五分假座香港灣仔謝斐道238號香港諾富特世紀酒店B3層宴會廳1-4舉行股東週年 大會（「二○二五年股東週年大會」），藉以處理下列事項： 普通決議案 (b) 根據上文(a)分段之授權，本公司可購回之本公司股份數目不得超過於本決議 案通過當日本公司已發行股份數目（不包括任何庫存股份）之10%（可根據股份 拆細及╱或合併的情況予以調整），而該項授權亦須受此限制；及 (c) 就本決議案而言，「有關期間」指由本決議案通過之日起至下列三者中之最早 日期止之期間： (i) 授予上文(a)分段所載之批准後本公司舉行的下屆股東週年大會結束時； (ii) 授予上文(a)分段所載之批准後本公司須召開下屆股東週年大會之期限屆 滿時；及 (iii) 本決議案所授予之批准 ...

Core Viewpoint - The implementation of the "Residential Project Standards" by the Ministry of Housing and Urban-Rural Development starting May 1 is seen as a new driving force for the real estate market, emphasizing the importance of "good houses" as a standard for new residential projects, which will reshape market dynamics and create new opportunities for real estate companies [1] Group 1: Industry Trends - Many real estate companies are emphasizing the "good house" strategy in their annual reports and performance meetings, indicating a shift from "land dividends" to "product dividends" [2] - Companies like Yuexiu Property and Greenland Group are developing their own product standards based on the new regulations, focusing on quality, technology, and community features [2] - The industry is moving towards a focus on high-quality, technologically advanced housing, with companies like Longfor Group planning to launch new product lines that enhance living comfort and community services [2][3] Group 2: Challenges and Solutions - Real estate companies face challenges in balancing costs and quality while meeting the new standards, which may increase construction costs [3] - Companies are exploring solutions to maintain cost control while enhancing product quality, with some firms like Longfor Group planning to invest more in quality improvements without compromising cost efficiency [3][4] - Yuexiu Property is implementing lean management practices to optimize costs and improve project profitability through precise cost management and centralized procurement [4] Group 3: Market Opportunities - There is a growing expectation among homebuyers for "good houses," which are anticipated to have stronger competitive and sales advantages, motivating companies to align their marketing with actual product quality [6] - Companies that excel in product quality, service, and operational capabilities are expected to gain more market opportunities and development space [6] - The industry is advised to shift from high-debt, high-turnover models to a balanced approach that includes light asset operations and improved management capabilities [6]

Group 1 - The core transaction in Beijing's land auction market involved a consortium led by China State Construction Intelligence Real Estate Co., Ltd., which won two significant plots in Chaoyang District for a total price of 12.6 billion yuan, marking the second-highest total price in Beijing's land auction history [1] - The land parcels include residential, childcare, and commercial financial service areas, covering a total area of 14.83 hectares with a planned above-ground construction area of 282,700 square meters, resulting in a floor price of approximately 54,500 yuan per square meter for residential units [2] - Since 2024, four plots with total prices exceeding 10 billion yuan have been acquired, all by the China State Construction consortium, indicating a strong focus on high-quality land in core areas of Beijing [2][3] Group 2 - The recent land auction reflects a new norm of grouped land supply in Chaoyang, which enhances overall development efficiency but requires developers to have strong comprehensive development capabilities [2] - The winning consortium's strategy shows a clear focus on key areas within Chaoyang, reinforcing its position in the scarce land resources within the Fifth Ring Road [4] - On the same day as the Chaoyang land transaction, the Tongzhou land market also initiated new actions, with eight plots starting at a minimum price of 7.491 billion yuan, indicating ongoing land supply activities in Beijing [4] Group 3 - The land plot's height limit was increased from 60 meters to 80 meters, allowing for better spatial comfort, although the bundling of commercial and residential land poses challenges for developers in terms of cash flow and construction progress [3] - The overall trend in Beijing's land market is stabilizing, with a focus on urban renewal and high-quality residential projects, suggesting that the comprehensive strength of real estate companies will become a critical competitive factor [5]

（在香港註冊成立的有限公司） （股份代號：00123） 通知信件 敬啟者： 刊發下列文件之通知（「刊發文件」） 越秀地產股份有限公司（「公司」）謹通知 閣下，公司上述的刊發文件備有英文及中文版本，並於此信件日期或 前後於公司網址www.yuexiuproperty.com及香港聯合交易所有限公司網址www.hkexnews.hk載有。公司或公司 的股份登記處卓佳證券登記有限公司（「股份登記處」），亦存有刊發文件的印刷本。 若 閣下已選擇（或被視為已同意選擇）透過公司的網站查閱所有公司刊發的公司通訊，惟在接收或查閱刊發文 件時遇到困難，閣下可填妥以下回條並與此信件一併(a)電郵至yuexiuproperty-ecom@vistra.com；或(b)傳真至 (852) 28909350；或(c)以郵遞寄回，向股份登記處免費索取印刷本。 閣下亦可使用隨附之表格－更改選擇表格隨時免費更改公司的公司通訊所選擇的收取方式或語言版本。 倘 閣下對於以上事宜有任何疑問，請於星期一至星期五（香港公眾假期除外）上午九時正至下午五時正，致電 股份登記處諮詢熱線(852) 2980 1333查詢。 此致 各現有登記股東 台照 代表 ...

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Financial Performance - The company's operating revenue for the year ended December 31, 2024, was RMB 86,400,562, an increase of 7.3% from RMB 80,222,011 in 2023[11]. - Gross profit for 2024 was RMB 9,053,918, down 26.5% from RMB 12,257,627 in 2023[11]. - Profit attributable to equity holders was RMB 1,040,055, a decrease of 67.3% compared to RMB 3,185,085 in 2023[11]. - Core net profit for 2024 was RMB 1,593,276, down 54.4% from RMB 3,493,235 in 2023[11]. - The gross profit margin was approximately 10.5%, a decrease of 4.8 percentage points year-on-year[75]. - The profit attributable to equity holders for 2024 was approximately RMB 1.04 billion, a significant decrease of 67.3% from 3.19 billion in 2023[95]. - The cumulative contract sales amount for 2024 was approximately RMB 114.54 billion, a year-on-year decrease of 19.4%, with a total sales area of about 3.92 million square meters, down 11.9%[96]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 410,452,984, an increase from RMB 401,178,728 in 2023[12]. - Total liabilities increased to RMB 306,373,816 in 2024 from RMB 298,969,948 in 2023[12]. - Cash and cash equivalents totaled RMB 50,049,249 as of December 31, 2024, compared to RMB 46,097,860 in 2023[12]. - The company's equity per share was RMB 13.73 as of December 31, 2024, slightly down from RMB 13.82 in 2023[12]. - As of December 31, 2024, total borrowings were approximately RMB 103.89 billion, with a net gearing ratio of 51.7%[125]. Dividends - The company declared a dividend of RMB 0.173 per share for 2024, down from RMB 0.347 in 2023[11]. - The board decided not to declare a final dividend for 2024, compared to a dividend of RMB 0.134 per share in 2023[123]. Sustainability Initiatives - Carbon emission intensity for public projects decreased by 22.37% compared to 2019, while residential projects saw a reduction of 3.91%[28]. - The company has set a target to reduce carbon emission intensity for public projects by 40% and for residential projects by 19% by 2030 compared to 2019 levels[37]. - The company has been recognized with a four-star rating in the Global Real Estate Sustainability Benchmark (GRESB) for two consecutive years[33]. - The company aims to achieve "net zero" targets through the promotion of green building technologies and sustainable community development practices[51]. - The company is committed to reducing carbon emissions by implementing zero-energy and zero-carbon building designs, successfully creating two "zero" projects[43]. Market Expansion and Strategy - The company is focusing on market expansion and new product development as part of its future strategy[11]. - The company aims to achieve at least 50% of its bonds and loans from sustainable finance by 2030[60]. - The company is actively pursuing new strategies for market expansion, including potential acquisitions and partnerships to enhance its development capabilities[187][199]. Project Development - The company acquired 24 new land parcels in 2024, totaling a construction area of approximately 2.71 million square meters[104]. - The total land reserve held by the company is approximately 19.71 million square meters, with 36.5% located in the Greater Bay Area[106]. - The company is currently developing multiple real estate projects across various cities, including Hangzhou, Nanjing, Wuhan, Zhengzhou, Changsha, Chengdu, and Xi'an, with a total land area of approximately 1,000,000 square meters[183][186][189][192][195][198]. Employee and Community Engagement - The company achieved a customer satisfaction score of 88 for residents and 97.59 for tenants, with a 100% employee training coverage rate[29]. - The company introduced the "Green Living Path" and "Sustainable Development Badge" initiatives in 2024 to enhance community engagement and social value[50]. - The group employed approximately 15,180 employees as of December 31, 2024, down from 18,800 employees on June 30, 2024[139]. Financial Management - The group's financial indicators under the "three red lines" policy remained in the "green" category, with a debt-to-asset ratio of 68.1%, a net debt ratio of 51.7%, and a cash-to-short-term debt ratio of 2.1 times[63]. - The weighted average borrowing cost decreased by 33 basis points year-on-year to 3.49%, maintaining a leading position in the industry[63]. - The group's working capital was approximately RMB 120.28 billion, down from RMB 128.08 billion in 2023, with a current ratio of 1.5[127]. Risk Management - The group is closely monitoring domestic and international interest rate market changes to optimize its debt structure and manage interest rate risks[132]. - The group anticipates continued support from central policies for economic recovery in China, despite challenges such as a slow recovery in the real estate market and internal consumption[133].