智通财经APP获悉，摩根士丹利发布研报称，将中国金茂(00817)目标价由1.2港元升至1.32港元，维 持"与大市同步"评级。因应公司今年首九个月物业销售同比升27%，该行将全年预测上调11%至1,180亿 元人民币，意味同比增长20%，连带2025至27年各年收入预测上调6%、10%及11%。另外，该行将2025 至27年的开发业务毛利率预测分别上调2.2个、2.9个及3.9个百分点，至11.5%、13%及12.6%，相比起 2024年为11%，因近年新增项目的平均售价表现好过预期。 ...

（於開曼群島註冊成立的有限公司） （股份代號：3883） 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，概不對因本公告全部或任何部份內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 股東及潛在投資者於買賣本公司證券時，務請審慎行事。 解決不發表意見一事的計劃及措施的 進一步落實進展 茲提述中國奧園集團股份有限公司（「本公司」）截至二零二四年十二月三十一日止年度的年度報告 （「年報」）及本公司日期為二零二五年七月四日的公告（「該公告」）。除另有界定者外，本公告所用詞 彙與年報及該公告所界定者具有相同涵義。 本公司謹此提供有關解決不發表意見一事的計劃及措施的進一步落實進展。直至本公告日期計劃 及措施的落實情況概述如下： 1 (i) 本集團正積極推動本集團境內債務的全面重組，以建立緩解債務壓力的長效機制，並強化全 週期現金流風險管控體系，保障本集團的經營安全。目前境內債務重組計劃方案已經基本完 善，正在徵求各方（包括境內債權人）意見，本公司將在獲得實質性進展時及時進行公告； (ii) 本集團一直與各境內貸款人積極磋商借款重續及展期 ...

Core Viewpoint - The company, Dream Oriental (00593), reported strong property sales performance, indicating effective business strategies and sustainable demand in a competitive market environment [1] Group 1: Sales Performance - The company sold a total of 124 properties with a combined gross floor area of approximately 27,493 square meters from July 1, 2025, to September 23, 2025, generating estimated revenue of at least HKD 89.7 million [1] - Approximately HKD 71.1 million of the sales revenue came from a property development project in Huadong Town, Huadu District, Guangzhou, reflecting strong market demand and rapid sales momentum [1] Group 2: Business Strategy and Market Recognition - The sales performance aligns with the company's internal forecasts, demonstrating sustainable demand for its properties despite a competitive market [1] - The strong performance is viewed as a positive indicator, showcasing the company's ability to maintain operational stability and create value even in challenging circumstances [1]

Core Viewpoint - The company anticipates that the revenue from its development business will not be significantly notable in the coming years, despite a rise in property sales revenue in the first half of the year [1] Group 1: Financial Performance - In the first half of the year, the company confirmed property sales revenue of HKD 73.66 billion, a nearly 59% increase year-on-year, with the mainland market contributing approximately 52% [1] - The revenue from property sales was HKD 17.68 billion, down from HKD 18.21 billion in the same period last year, primarily due to a significant decline in the Hong Kong market [1] - The company reported total revenue of HKD 253.86 billion, a year-on-year increase of 15.35%, but the net profit attributable to shareholders fell by 26.75% to HKD 63.02 billion [5] Group 2: Market Strategy - The company has adopted a "grab sales" strategy, offering discounts to stimulate sales in a weak market, which has led to lower revenue margins [1][3] - In Hong Kong, the company launched the "Greater Bay Area Dual Residence" plan to attract buyers from Hong Kong to invest in properties in the Greater Bay Area, with positive buyer feedback [2] - The company plans to continue its flexible pricing strategy to reduce inventory, indicating ongoing discount sales in the near future [3] Group 3: Future Outlook - The company expects that the profit contribution from property development will be limited in the coming years, despite several projects in Hong Kong, Beijing, and Singapore [3] - The company holds approximately 67 million square feet of land reserves for future development, with a focus on acquiring quality land [3] - The company remains interested in investing in new projects and commercial properties in Hong Kong if the returns and prices are attractive [4] Group 4: Rental Income - The company generated rental income of HKD 30.02 billion, slightly down from HKD 31.18 billion year-on-year, while hotel and serviced apartment income was HKD 21.92 billion, with a slight increase but a decline in corresponding profits [5] - The average occupancy rates for hotels and serviced apartments were 89% and 88%, respectively, indicating stable performance in the rental segment [5]

Core Viewpoint - The company reported a mixed performance for the first half of 2025, with increased property sales revenue but declining sales profit due to market weakness and discounting strategies [2][3][4]. Group 1: Financial Performance - The company achieved a revenue of HKD 25.386 billion, representing a year-on-year growth of 15.3% [2]. - Shareholder profit was HKD 6.302 billion, a decrease of 26.7% compared to the previous year, with a loss of HKD 0.503 billion from the revaluation of investment properties [2]. - Property sales revenue reached approximately HKD 7.366 billion, a significant increase of 58.92% from HKD 4.635 billion in the same period last year [3]. Group 2: Market Dynamics - The company adopted a strategy of offering discounts to stimulate sales amid cautious market sentiment, leading to a decline in sales profit despite increased revenue [4][5]. - In the Hong Kong market, property sales revenue increased by 7.77%, but sales profit plummeted by 92.91% from HKD 1.044 billion to HKD 0.074 billion [4]. - The company is focusing on clearing inventory, which is expected to continue influencing pricing strategies [8]. Group 3: Future Outlook - The company anticipates a significant increase in revenue in the second half of 2025, with approximately HKD 28.553 billion in signed but unrecognized property sales expected to contribute around HKD 22.898 billion in revenue [9]. - The company holds a land reserve of approximately 67 million square feet, with expectations for stable profit contributions from property development in the coming years [9]. - The company is exploring new investment opportunities, particularly in commercial and retail properties in Hong Kong, leveraging its financial strength and low capital debt ratio [10][11].

Group 1: Company Performance - Longfor Group (01113) reported a revenue of HKD 25.386 billion for the first half of 2025, representing a year-on-year increase of 15.3% [1] - Shareholders' profit attributable to the company was HKD 6.302 billion, a decline of 26.7% compared to the previous year [1] - Basic earnings per share were HKD 1.80, with an interim dividend proposed at HKD 0.39 per share [1] Group 2: Property Sales and Rental Income - The group experienced an increase in property sales revenue in the first half of 2025, although related profits decreased [1] - The revenue from leasing operations for the group's properties showed a slight decline compared to the same period in 2024 [1] - The newly completed Changjiang Group Center Phase II, located in the core business district of Central, is actively being promoted for leasing [1] Group 3: Market Conditions and Strategies - The retail and commercial property leasing sector in Hong Kong remained weak during the first half of 2025 [1] - The group's hotel and serviced apartment business saw moderate revenue growth, but related profits slightly decreased due to ongoing cost pressures in the industry [2] - The group plans to optimize its hotel and serviced apartment business mix to enhance revenue from both hotel guests and long-term residents [2]

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 對 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的任何損失承擔任何責 任。 Ganglong China Property Group Limited 港龍中國地產集團有限公司 呂 明 本 公 司 謹 此 就 該 公 告 補 充 以 下 額 外 資 料： (i) 誠如本公司日期為2025年6月23日 的 公 告 所 披 露，本 公 司 收 到2025年11月 票 據 主 要 票 據 持 有 人 發 出 的 加 速 還 款 通 知，基 於 未 支 付 中 期 利 息 之 故，宣 佈 該 票 據 本 金 及 應 付 未 付 利 息 立 即 到 期 應 付。本 集 團 已 與2025年11月票據的 主要票據持有人及其他三名票據持有人（合 共 持 有 該 票 據 未 償 還 本 金 總 額 超 過98%）進 行 溝 通，並 將 繼 續 與 彼 等 進 行 溝 通，以 尋 求 相 關 債 務 的 整 體 解 決 方 案，以 維 護 ...

Core Viewpoint - The performance of Hang Lung Group and Hang Lung Properties for the mid-2025 period can be summarized as "steady progress," with significant declines in total revenue primarily due to reduced property sales [1] Group 1: Financial Performance - Hang Lung Group's total revenue decreased by 18% to HKD 5.202 billion, while Hang Lung Properties' total revenue fell by 19% to HKD 4.968 billion, mainly due to lower property sales [1] - The rental business accounted for 94% of total revenue, with property sales and hotel services each contributing 3% [2] - Shareholders' net profit attributable to the company dropped by 7% to HKD 1.191 billion for Hang Lung Group and by 9% to HKD 1.587 billion for Hang Lung Properties, attributed to rising financial costs [2] Group 2: Rental Business Insights - The rental income from the mainland was HKD 2.941 billion, representing 68% of total rental income, while Hong Kong's rental income was HKD 1.488 billion, accounting for 32% [2] - The rental business saw a slight decline of 3%, with mainland rental income down by 1% and Hong Kong rental income down by 4% [2] - The overall occupancy rate of the company's 10 large shopping malls in the mainland remained at 94%, with over half of the malls experiencing an increase in rental income [2] Group 3: Property Sales and Development - The company reported HKD 161 million in revenue from residential sales, with significant contributions from properties in Hong Kong and Wuhan [4] - The company plans to commence 11 real estate projects across 9 cities in the mainland, with a focus on expanding existing properties [5] - The expansion of Hang Lung Plaza Westlake 66 in Hangzhou has been initiated, increasing the mall's area by 40% [5] Group 4: Strategic Focus - The company aims to maintain high occupancy rates in shopping malls rather than focusing solely on high rental prices, as low occupancy can negatively impact rental income [1] - The company is actively introducing new brands to attract local and mainland consumers to Hong Kong [3] - The company is committed to prudent financial management, with a net debt ratio of 33.5% and a focus on increasing the proportion of RMB loans [4][5]

解決不發表意見一事的計劃及措施的落實進展 中國文旅農業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）謹此提供有關本集團為減緩本集團的流動性壓力及解決本公司 核 數 師 就 持 續 經 營 不 發 表 意 見 一 事 落 實 的 計 劃 及 措 施（「計 劃 及 措 施」， 具 體 內 容 載於本公司截至二零二 四年十二月三十一日止年度的年報（「年報」）第37頁 ）的進 展。除另有界定者外，本公告所用詞彙與年報所界定者具有相同涵義。 直至本公告日期計劃及措施的落實情況概述如下： 本公司將適時根據上市規則及╱或聯交所之要求就計劃及措施的進展刊發公告。 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，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 China Cultural Tourism and Agriculture Group Limited 中 國 文 旅 農 業 集 團 有 限 公 ...

Core Viewpoint - The company is confident in achieving slight growth this year, contingent on the performance in the third and fourth quarters [1] Financial Performance - In the first half of 2025, the company reported total revenue of HKD 52.02 billion, a decrease of 18% compared to HKD 63.79 billion in the same period of 2024 [1] - Overall operating profit was HKD 34.08 billion, down 6% from HKD 36.13 billion year-on-year [1] - Shareholders' basic net profit was HKD 11.91 billion, a decline of 7% from HKD 12.81 billion in 2024 [1] Property Sales - Property sales revenue fell significantly to HKD 1.61 billion, down 87% year-on-year, with mainland property sales at HKD 0.1 billion (down 60%) and Hong Kong property sales at HKD 1.51 billion (down 87%) [1] Hotel Business - The hotel segment showed strong performance with revenue of HKD 1.29 billion, an increase of 84% year-on-year, all derived from mainland operations [1] - The Shenyang Conrad Hotel generated HKD 0.62 billion (down 3%), while the newly opened Kunming Hyatt Hotel achieved HKD 0.57 billion in revenue [1] Rental Income - Rental income remained stable, decreasing only 3% to HKD 49.12 billion, despite a slowdown in consumer and office demand in Hong Kong and mainland China [2] - Shanghai Hang Lung Plaza was the top performer with revenue of HKD 8.22 billion, significantly higher than other locations [2] Office Market Performance - The office rental market faced challenges with declining occupancy rates across several properties, attributed to oversupply [3] - Shanghai Hang Lung Plaza's income dropped 7% due to market pressures, with occupancy falling to 82% [3] Future Developments - The company has signed a 20-year operating lease with Baida Group for the Hangzhou department store, which will increase retail space by 40% [4] - The total value of properties available for lease and sale is HKD 261.37 billion and HKD 81.18 billion, respectively, including various development projects [5] - The Hangzhou project is expected to open in mid-2026, with a pre-leasing rate of 81% [6]