Core Insights - The company reported a decline in visitor numbers and sales in its tourism segment for the year 2025, indicating a challenging market environment [1] Sales Performance - In October 2025, the company achieved a contracted sales area of 91,000 square meters, a decrease of 62% year-on-year, but an increase of 16% compared to September [1] - The contracted sales amount for October 2025 was 1.3 billion yuan, down 57% year-on-year, but up 20% from September [1] - For the period from January to October 2025, the cumulative contracted sales area was 984,000 square meters, reflecting a 26% year-on-year decrease [1] - The cumulative contracted sales amount for the same period was 14.55 billion yuan, a decline of 27% year-on-year [1] Visitor Statistics - In October 2025, the company's tourism enterprises received 7.46 million visitors, a 7% decrease compared to the same month last year, attributed to a decline in consumer enthusiasm for certain festival activities [1] - From January to October 2025, the total number of visitors to the company's tourism enterprises was 67.01 million, representing a 2% year-on-year decline [1]

Core Insights - The company reported a total contract sales amount of approximately RMB 25.662 billion for the nine months ending September 30, 2025, representing a year-on-year decrease of about 8.44% [1] - The total contract sales area for the same period was approximately 994,540 square meters, reflecting a year-on-year decrease of about 23.26% [1] - The average selling price during this period was approximately RMB 25,803 per square meter, which is an increase of about 19.32% year-on-year [1] Sales Performance - For the period from July 1, 2025, to September 30, 2025, the company achieved a contract sales total of approximately RMB 9.569 billion, marking a year-on-year increase of about 14.70% [1] - The total contract sales area during this period was approximately 273,582 square meters, showing a year-on-year decrease of about 36.03% [1] - The average selling price for this quarter was approximately RMB 34,978 per square meter, which is an increase of about 79.29% year-on-year [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的內容概不負責， 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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Mingfa Group (International) Company Limited 明 發 集 團（ 國 際 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：00846） 自願性公告 截至2025年9月30日止九個月的 未經審核合同銷售表現 本公告乃由明發集團（國際）有限公司（「本公司」，連同其附屬公司統稱「本集團」）自 願作出。 | | | 平均 | | | | --- | --- | --- | --- | --- | | | 面積 | 銷售單價 | 金額 | 百分比 | | | | （人民幣╱ | （人民幣 | | | | （平方米） | 平方米） | 百萬元） | (%) | | 馬鞍山（安徽省） | 30,129 | 6,068 | 182.8 | 9.5% | | 淄博（山東省） | 21,005 | 8,021 | 168.5 | 8.7% | | 南京（江蘇省） | ...

Core Insights - The company reported a total commercial operating revenue of approximately 1.173 billion yuan in September, representing a year-on-year increase of 10.13% [1] - For the first nine months of 2025, the cumulative commercial operating revenue reached approximately 10.511 billion yuan, reflecting a year-on-year growth of 10.82% [1] Revenue Performance - In September, the company achieved a contract sales amount of approximately 1.484 billion yuan, with a sales area of about 211,300 square meters [1] - From January to September, the cumulative contract sales amount was approximately 15.050 billion yuan, with a total contract sales area of around 1,959,100 square meters [1] Debt Management - In the third quarter of 2025, the company repaid 1 billion yuan of bonds in the domestic and overseas public markets [1] - As of September 30, 2025, the company's equity interest in joint ventures had interest-bearing liabilities totaling 2.513 billion yuan [1]