截至2025年7月，置业集团累计实现合同销售金额约人民币295亿元，同比减少13.49%。累计合同销售 面积约105.6万平方米，合同销售均价约人民币27,904元/平方米。 保利置业集团(00119)公布，2025年7月，置业集团实现合同销售金额约人民币28亿元，同比减少50%;合 同销售面积约9.5万平方米，合同销售均价约人民币29,306元/平方米。 ...

智通财经APP讯，碧桂园(02007)发布公告，本公司及其附属公司(本集团)，连同其合营公司和联营公司 于2025年7月单月共实现归属本公司股东权益的合同销售金额约人民币 27.7亿元，归属本公司股东权益 的合同销售建筑面积约 32万平方米。 ...

Core Viewpoint - The real estate market in the 30 core cities of Everbright is experiencing a decline in new housing transaction volume while the average price shows a slight increase, indicating a mixed recovery in the sector [2][3]. New Housing Market - In June 2025, the transaction area of new residential properties in the 30 core cities was 12.38 million square meters, down 19.7% year-on-year but up 9.6% month-on-month [2]. - For the first half of 2025, the total transaction area was 67.37 million square meters, a decrease of 4.8% year-on-year, with major cities like Beijing, Shanghai, Guangzhou, and Shenzhen showing a 4.9% increase in transaction area [2][3]. - The average price of new residential properties in June 2025 was 25,531 yuan per square meter, down 1.3% year-on-year and 1.9% month-on-month [2]. - The average price for the first half of 2025 was 24,968 yuan per square meter, an increase of 3.9% year-on-year, with Beijing and Shanghai showing significant price increases [3]. Second-hand Housing Market - In June 2025, the transaction area of second-hand residential properties in the 15 core cities was 13.36 million square meters, down 3.1% year-on-year [4]. - For the first half of 2025, the total transaction area was 80.06 million square meters, an increase of 13.3% year-on-year, with first-tier cities seeing a 21.0% increase [4]. - The average price of second-hand residential properties in June 2025 was 23,516 yuan per square meter, down 6.0% year-on-year [5]. - The average price for the first half of 2025 was 24,275 yuan per square meter, a slight increase of 0.5% year-on-year, with Beijing and Shanghai showing positive growth [5].

Core Viewpoint - The company reported a significant decline in contract sales for June 2025, indicating ongoing challenges in the real estate market [1] Sales Performance - In June 2025, the company achieved a contract sales amount of approximately 1.493 billion, representing a year-on-year decrease of 60.71% [1] - The contract sales area for June 2025 was about 196,400 square meters, down 62.60% compared to the same period last year [1] - For the first half of 2025, the cumulative contract sales amount reached approximately 10.33 billion, reflecting a year-on-year decline of 56.15% [1] - The cumulative contract sales area for the first half of 2025 was around 1.335 million square meters, which is a decrease of 59.08% year-on-year [1]

Group 1 - The company announced a contract sales amount of approximately RMB 7.55 billion for June 2025, with a contract sales area of about 129,000 square meters and an average contract sales price of approximately RMB 58,530 per square meter [1] - For the first half of 2025, the company achieved a cumulative contract sales amount of approximately RMB 23.55 billion, with a cumulative contract sales area of about 721,000 square meters and an average contract sales price of approximately RMB 32,660 per square meter [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） 二○二五年五月，本公司實現合同銷售（連同合營及聯營公司項目的合同銷售）金額約為人民 幣95.81億元，同比下降約4.9%，實現合同銷售面積約為24.46萬平方米，同比下降約33.9%。 二○二五年一月至五月，本公司累計合同銷售（連同合營及聯營公司項目的合同銷售）（「累計 合同銷售」）金額約為人民幣507.00億元，同比上升約26.5%，累計合同銷售面積約為116.91 萬平方米，同比下降約16.1%。累計合同銷售金額約佔二○二五年合同銷售目標人民幣1,205 億元的42.1%。 二○二五年五月，本公司沒有新增土地儲備。 – 1 – 上述資料是未經審計及根據本公司內部資料匯總編製而成，鑒於收集和核對該等資料過程中存 在各種不確定性，該等資料與未來本公司每年或每半年刊發的經審計或未經審計的財務報表中 披露的數據可能存在差異，因此上述資料僅作為供投資者參考。投資者交易本公司證券時 ...

Core Viewpoint - The real estate market in key cities shows mixed performance in new and second-hand housing transactions, with a notable increase in second-hand housing sales compared to new housing sales [2][4]. New Housing Market - In April 2025, the transaction area of new residential properties in 30 core cities was 1,086 million square meters, a year-on-year decrease of 5.2% and a month-on-month decrease of 25.1% [2]. - From January to April 2025, the transaction area of new residential properties in 30 core cities was 4,376 million square meters, a year-on-year increase of 2.3% [2]. - The average transaction price of new residential properties in 30 core cities from January to April 2025 was 24,553 yuan per square meter, a year-on-year increase of 4.8% [2]. Key Cities New Housing Prices - In April 2025, the average price of new housing in Beijing was 60,061 yuan per square meter, an increase of 21.2% year-on-year; in Shanghai, it was 77,681 yuan per square meter, a decrease of 2.8%; in Guangzhou, it was 32,623 yuan per square meter, a decrease of 11.8%; and in Shenzhen, it was 60,537 yuan per square meter, a decrease of 2.0% [3]. Second-Hand Housing Market - In April 2025, the transaction area of second-hand residential properties in 15 core cities was 1,520 million square meters, a year-on-year increase of 13.1% [4]. - From January to April 2025, the transaction area of second-hand residential properties in 15 core cities was 5,314 million square meters, a year-on-year increase of 20.7% [4]. - The average transaction price of second-hand residential properties in 10 core cities from January to April 2025 was 24,604 yuan per square meter, a year-on-year increase of 2.1% [4]. Key Cities Second-Hand Housing Prices - In April 2025, the average price of second-hand housing in Beijing was 28,927 yuan per square meter, an increase of 3.5% year-on-year; in Shanghai, it was 39,193 yuan per square meter, an increase of 2.6%; in Guangzhou, it was 27,170 yuan per square meter, a decrease of 7.4%; and in Shenzhen, it was 57,887 yuan per square meter, a decrease of 2.0% [5].

Group 1 - The sales gap among the top 10 real estate companies in China is widening, with only Poly Developments surpassing 800 billion yuan in sales, while only Greentown China exceeds 700 billion yuan [1][2] - The sales rankings of the top 10 companies remained unchanged, with China Jinmao and China Railway Construction swapping positions, while several companies like China Overseas Development and China Merchants Shekou saw significant ranking improvements [1][2] Group 2 - In April 2025, the total sales amount for the top 10 real estate companies reached approximately 3,000 billion yuan, with Poly Developments leading at 876 billion yuan, followed by Greentown China at 710.2 billion yuan and China Resources Land at 685 billion yuan [2][3] - The sales figures for other notable companies include China Overseas Development at 663.2 billion yuan, China Merchants Shekou at 497.8 billion yuan, and Vanke A at 459.2 billion yuan [2][3] Group 3 - Hangzhou's land transfer revenue has exceeded 900 billion yuan in 2025, with a significant year-on-year increase of 149% in the first quarter, reaching 595.1 billion yuan [5] - The top three cities in land transfer revenue are Hangzhou, Nanjing, and Beijing, indicating a strong demand for land in core urban areas [5][10] Group 4 - In April 2025, the total land transaction area in the top 20 cities reached approximately 28.46 million square meters, marking the largest monthly transaction scale of the year [10] - Cities such as Nanjing, Shanghai, and Hangzhou had significant land transaction areas, with 11 cities exceeding 1 million square meters in transactions [10][13]

Group 1: Economic Indicators and Predictions - Wells Fargo economists predict that the Consumer Price Index (CPI) for April will rise by 0.2% after a surprising decline of 0.1% in March, leading to an annual CPI rate of 2.3%, the lowest in four years [1] - Deutsche Bank expects the Federal Reserve to maintain the federal funds rate in the range of 4.25-4.50% and emphasizes the need to observe the impact of recently implemented trade policies on economic growth and inflation [3] - UBS Wealth Management highlights that concerns over the independence of the Federal Reserve could significantly damage the dollar's safe-haven status, with currencies like the yen and Swiss franc benefiting in the current environment [2] Group 2: Market Trends and Asset Allocation - Analysts at Societe Generale note a trend of investors shifting from U.S. assets to European assets, although this transition may take time to fully materialize [4] - Bank of America indicates that the recent surge in interest in European markets does not necessarily signal a structural shift, as many institutional investors remain cautious about large-scale capital transfers from the U.S. [5] - Citic Securities maintains a preference for gold over copper and oil in the commodities market, citing OPEC+'s unexpected production increase as a factor that may lead to a supply surplus in the oil market [6][5] Group 3: Commodity Price Forecasts - KPMG has revised its Brent crude oil price forecast for the end of the year down from $70 to $60 per barrel, reflecting improved global oil supply conditions [6] - Barclays has postponed its forecast for the next Bank of Japan interest rate hike to January 2026, adjusting its final rate prediction down to 1.00% [7] Group 4: Domestic Market Insights - Galaxy Securities reports a significant increase in global gold ETF inflows in Q1 2025, with net purchases by central banks remaining strong, supporting the long-term bullish outlook for gold prices [8] - The automotive market in China is expected to see a rebound in sales, driven by the release of new models and the end of consumer hesitation following the Shanghai Auto Show [8]

期内，经营性现金流净额净流入77亿元，较同期下降77%，但依然能覆盖投资性及融资性现金流净流出。 ◎ 作者 / 房玲、易天宇 核 心 观 点 【首次进入TOP10，2025年计划销售千亿以上】 2024年滨江集团实现销售额1116.3亿元，同比下降27%，位列克而瑞行业销售排名第9位，成为TOP10中 唯一的民营房企。其中，杭州一城的销售贡献占比达到了83%。2025年滨江集团计划销售额在1000 亿元以上，预计行业排名15名以内，全国份额 1%以 上。 【权益销售回款50%用于投资，杭州继续保持且增加】 2024年，滨江集团在土地市场保持理性投资策略，全年获取土地23宗，其中杭州22宗，南京1宗； 新增项目计容建筑面积合计187万平方米，同比下降44%；土地总价款448亿元，同比下降22%。未来投资金额控制在权益销售回款50%左右，在区域布局 上，杭州继续保持且增加，省内适度减少，省外关注上海和江苏。期末，存货账面余额为1525亿，相应存货跌价准备40亿。 【期内各项减值损失明显减少，净利率回升至5.48%】 2024年滨江集团实现营业收入692亿元，同比下降2%。毛利率12.54%，同比下降4.22个百分 ...