Core Viewpoint - 嘉创地产 (02421) expects a decline of approximately 50% in profit attributable to equity holders for the six months ending September 30, 2025, compared to the same period in 2024, primarily due to market fluctuations in the mainland real estate sector and a decrease in the fair value of investment properties [1] Financial Performance - The company has maintained a healthy financial status since its listing, with a net cash position and no bank borrowings [1] - The board believes that the group remains financially robust and operationally resilient despite the anticipated profit decline [1]

嘉创地产(02421)发布公告，预期截至2025年9月30日止6个月公司权益拥有人应占溢利较2024年同期下 跌约50%，该下跌主要由于(i)当前内地房地产市场的市场波动情况导致集团的物业销售不可避免地减 少;及(ii)集团拥有的投资物业公平值减少。 虽然如上述，自上市至今公司的财务状况一直保持良好，公司始终保持净现金的健康状态，并没有任何 银行借款。董事会相信，集团仍然财务稳健且营运具韧性。 ...

Core Viewpoint - 嘉创地产 (02421.HK) expects a 50% decline in profit attributable to equity holders for the six months ending September 30, 2025, compared to the same period in 2024, primarily due to market fluctuations in the mainland real estate sector and a decrease in the fair value of investment properties [1] Financial Performance - The anticipated profit decline is attributed to reduced property sales resulting from current market volatility in the mainland real estate market [1] - The group has maintained a healthy financial status since its listing, with a net cash position and no bank borrowings [1] Operational Resilience - The board believes that the group remains financially sound and operationally resilient despite the challenges faced [1]

Group 1 - As of August 15, 2025, Vanke A's stock price closed at 6.53 yuan, up 1.56% from the previous trading day, with a trading volume of 1.041 billion yuan [1] - The opening price on the same day was 6.43 yuan, reaching a high of 6.59 yuan and a low of 6.42 yuan, with a fluctuation of 2.64% [1] - Vanke A's main business includes real estate development and operation, covering residential, commercial, and logistics sectors, and is headquartered in Shenzhen [1] Group 2 - On August 15, Vanke A announced that there are no overdue guarantee matters [1] - The company’s subsidiary, Dongguan Wanwei Supply Chain Co., Ltd., applied for a loan of 95.5 million yuan from Dongguan Rural Commercial Bank, with a term of 15 years and secured by equity pledge from an affiliated company [1] - Following this guarantee, the total external guarantees by the company and its subsidiaries amount to 85.476 billion yuan, which is 42.18% of the net assets as of the end of 2024 [1] Group 3 - On August 15, the net inflow of main funds was 98.296 million yuan, with a cumulative net inflow of 57.0845 million yuan over the past five days [1]

Core Viewpoint - The stock price of Binhai Group has experienced a slight decline, while the company anticipates significant profit growth in the first half of 2025, driven by strong land acquisition performance in the real estate sector [1] Company Performance - As of August 5, 2025, Binhai Group's stock price is reported at 9.68 yuan, down 0.41% from the previous trading day [1] - The company forecasts a net profit growth of 40% to 70% for the first half of 2025, with expected earnings between 1.633 billion yuan and 1.982 billion yuan [1] - In the first seven months of 2025, Binhai Group ranked among the top ten in the industry for land acquisition, leading the market in Hangzhou [1] Industry Trends - The total land acquisition amount for the top 100 real estate companies in the country increased by 34.3% year-on-year, indicating a further concentration of leading firms in the market [1] - Binhai Group's main business focus is on real estate development, primarily in the Yangtze River Delta region, with a core market in Hangzhou [1] Financial Activity - On August 5, 2025, the net inflow of main funds into Binhai Group was 27.1021 million yuan, while there was a net outflow of 52.3196 million yuan over the past five days [1]

Group 1 - The stock price of Huafa Co., Ltd. on July 31 was 4.79 yuan, down 0.16 yuan from the previous trading day, representing a decline of 3.23% [1] - The trading volume on that day was 618,226 hands, with a transaction amount reaching 299 million yuan [1] - Huafa Co., Ltd. is primarily engaged in real estate development and operation, and is a state-owned enterprise controlled by the Zhuhai State-owned Assets Supervision and Administration Commission [1] Group 2 - The company’s business includes residential development, commercial real estate, and property services, with projects mainly located in key areas such as the Guangdong-Hong Kong-Macao Greater Bay Area [1] - According to the China Index Academy, Huafa Co., Ltd. achieved a year-on-year sales growth in the first seven months of 2025, making it one of the seven companies among the top 20 in the industry to maintain sales growth [1] - The sales amount for the first seven months was in the range of 50 billion to 100 billion yuan, with a stable industry ranking [1] Group 3 - On July 31, the net outflow of main funds for Huafa Co., Ltd. was 40.8841 million yuan, accounting for 0.31% of the circulating market value [1]