Core Viewpoint - Longfor Group (00960) announced a total contract sales amount of 63.16 billion yuan and a contract sales area of 5.186 million square meters by the end of December 2025 [1] Group 1: Sales Performance - In December alone, the total contract sales amount reached 3.77 billion yuan, with a contract sales area of 447,000 square meters [1] - The contract sales amount attributable to the company's shareholders was 2.38 billion yuan, with an area of 286,000 square meters [1] - The total contract sales amount for the year 2025 was distributed regionally: 18.24 billion yuan in the West, 15.21 billion yuan in the Bohai Rim, 17.17 billion yuan in the Yangtze River Delta, 5.74 billion yuan in Central China, and 6.8 billion yuan in South China [1] Group 2: Land Acquisition - In December 2025, the company added a new land reserve with a construction area of 63,600 square meters and an equity land price of 766 million yuan [1] Group 3: Revenue Generation - By the end of December 2025, the company achieved operating revenue of approximately 26.77 billion yuan (including tax amounting to about 28.54 billion yuan), with operational revenue around 14.19 billion yuan and service revenue approximately 12.58 billion yuan [1]

Core Viewpoint - Longfor Group (00960) reported a total contract sales amount of RMB 63.16 billion and a contract sales area of 5.186 million square meters by the end of December 2025 [1] Group 1: Sales Performance - The total contract sales amount for December alone reached RMB 3.77 billion, with a contract sales area of 447,000 square meters [1] - The contract sales amount attributable to shareholders for December was RMB 2.38 billion, with an area of 286,000 square meters [1] Group 2: Land Acquisition - In December 2025, the company added a new land reserve with a total construction area of 63,600 square meters and an equity construction area of 63,600 square meters [1] - The equity land price for this new acquisition was RMB 766 million [1] Group 3: Revenue Generation - By the end of December 2025, the company achieved operating revenue of approximately RMB 26.77 billion (tax-inclusive amount approximately RMB 28.54 billion) [1] - The operating revenue was approximately RMB 14.19 billion (tax-inclusive amount approximately RMB 15.19 billion), while service revenue was approximately RMB 12.58 billion (tax-inclusive amount approximately RMB 13.35 billion) [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。 LONGFOR GROUP HOLDINGS LIMITED 龍湖集團控股有限公司 （於開曼群島註冊成立之有限責任公司） （股份代號：960） 上述數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等數據過程中存在各種不確定 因素，該等數據與本公司按年度或半年度刊發的經審核或未經審核綜合財務報表中披露的數字 可能存在差異，因此上述數據僅供投資者參考。投資者買賣本公司證券時務須謹慎行事，避免不 恰當地依賴該等資料。如有任何疑問，投資者應尋求專業人士或財務顧問的專業意見。 承董事會命 龍湖集團控股有限公司 主 席 陳序平 香港，二零二六年一月十二日 龍 湖 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 會（「董事會」）公 佈，截 止 二零二五年十二月末，本集團累計實現總合同銷售金額人民幣631.6億元，合同銷售面積518.6萬平 方米，十二月單月實現總 ...

Core Viewpoint - The Central Economic Work Conference has proposed the "Urban and Rural Residents Income Increase Plan" as a core strategy to boost domestic demand and build a strong domestic market, marking a shift from principle-based guidance to systematic and actionable promotion [1] Group 1: Employment Foundation - Wage income is the primary component of residents' income, projected to account for 56.5% of disposable income in 2024, making the expansion of high-quality employment essential for increasing wage income [2] - The plan should prioritize stabilizing and expanding high-quality employment, focusing on key groups such as college graduates, migrant workers, and older workers, while establishing a comprehensive employment support system [2] - Measures include enhancing cooperation between universities and enterprises, expanding employment opportunities in emerging industries, and establishing lifelong vocational training systems to address structural unemployment risks [2][3] Group 2: Income Channel Expansion - In 2024, property income is expected to account for only 8.3% and operating income for 16.7% of residents' income, indicating significant potential for growth [4] - The plan aims to activate wealth effects in capital markets, optimize rural asset utilization, and cultivate new business entities to broaden income channels [4] - Strategies include stabilizing stock and real estate market expectations, improving access to investment products for ordinary residents, and exploring trust models for rural land and housing rights [4][5] Group 3: Urban-Rural Balance - Addressing the income gap between urban and rural areas is a core challenge, with a focus on increasing rural residents' income through industrial empowerment and public service equalization [6] - The plan suggests promoting urban industry transfer to rural areas and enhancing rural infrastructure to support new business models like e-commerce and rural tourism [6][7] - It also emphasizes improving public services in rural areas, including education and healthcare, to reduce living costs and indirectly increase disposable income [7] Group 4: Distribution Optimization - The redistribution mechanism in China has room for improvement, with plans to reform the tax system and enhance social security to create a more equitable distribution system [8] - Proposed reforms include increasing the proportion of direct taxes, optimizing personal income tax, and implementing tax credits for low-income earners to stimulate consumption [8][9] - The plan also aims to enhance social security coverage and improve transfer payment structures to support underdeveloped regions and reduce income disparities [9] Group 5: Policy Coordination - The income increase plan requires coordinated efforts across fiscal, financial, industrial, and investment policies to ensure effective implementation [10] - It emphasizes the need for consistent macro policy assessments and the alignment of consumption policies with fiscal and financial strategies [10] - The plan encourages investment in consumption infrastructure and projects that stimulate economic growth, creating a virtuous cycle between investment and consumption [10][11] Group 6: Monitoring and Evaluation - A robust statistical monitoring system for consumption and new business models is essential to accurately track income and consumption dynamics [11] - Establishing an evaluation mechanism for the income increase plan's implementation will hold local governments accountable and encourage practical measures [11] Conclusion - The implementation of the Urban and Rural Residents Income Increase Plan is crucial for addressing global economic changes and achieving common prosperity, focusing on high-quality employment, diversified income channels, urban-rural balance, distribution optimization, and policy coordination [12]

Core Viewpoint - Longfor Group announced a total contract sales amount of 59.39 billion yuan and a contract sales area of 4.739 million square meters by the end of November 2025 [1] Group Performance - In November, the total contract sales amount reached 3.64 billion yuan, with a contract sales area of 350,000 square meters [1] - The contract sales amount attributable to shareholders for November was 2.52 billion yuan, with an area of 256,000 square meters [1] Regional Sales Breakdown - November total contract sales by region: - Western region: 1.06 billion yuan - Bohai Rim: 920 million yuan - Yangtze River Delta: 1.03 billion yuan - Central China: 370 million yuan - Southern China: 260 million yuan [1] Revenue Generation - The company achieved operational revenue of approximately 24.42 billion yuan (tax-inclusive amount approximately 26.03 billion yuan) [1] - Operational revenue was about 12.94 billion yuan (tax-inclusive amount approximately 13.85 billion yuan), while service revenue was about 11.48 billion yuan (tax-inclusive amount approximately 12.18 billion yuan) [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。 LONGFOR GROUP HOLDINGS LIMITED 龍湖集團控股有限公司 （於開曼群島註冊成立之有限責任公司） （股份代號：960） 二零二五年九月未經審核營運數據及新增土地儲備 龍 湖 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 會（「董事會」）公 佈，截 止 二零二五年九月末，本集團累計實現總合同銷售金額人民幣507.5億元，合同銷售面積394.3萬平方 米，九月單月實現總合同銷售金額人民幣50.1億元，合同銷售面積44.7萬平方米；九月單月實現歸 屬本公司股東權益的合同銷售金額人民幣35.5億元，歸屬本公司股東權益的合同銷售面積34.1萬 平方米。 | 單位：億元人民幣 | 西 部 | 環渤海 | 長三角 | 華 中 | 華 南 | | --- | --- | --- | --- | --- | --- | | 合同銷售金額 | 14 ...

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。 二零二五年七月未經審核營運數據 龍 湖 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事 會（「董事會」）公 佈，截 止 二零二五年七月末，本集團累計實現總合同銷售金額人民幣410.1億元，合同銷售面積308.2萬平方 米，七月單月實現總合同銷售金額人民幣60.0億元，合同銷售面積46.8萬平方米；七月單月實現歸 屬本公司股東權益的合同銷售金額人民幣40.1億元，歸屬本公司股東權益的合同銷售面積34.0萬 平方米。 二零二五年七月單月總合同銷售金額分區域統計結果如下： | 單位：億元人民幣 | 西 部 | 環渤海 | 長三角 | 華 中 | 華 南 | | --- | --- | --- | --- | --- | --- | | 合同銷售金額 | 15.8 | 14.4 | 19.8 | 4.2 | 5.8 | 截 止 二 零 二 五 年 七 月 末，本 ...

Core Viewpoint - The article discusses the "Special Action Plan to Boost Consumption" released by the government, emphasizing the need to stimulate consumption and increase urban and rural residents' income, particularly through expanding channels for property income [1][6]. Group 1: Types of Income - Income is categorized into four types: labor income, property income, operating income, and transfer income [2][6]. - Labor income is derived from work-related activities, including wages and bonuses [3]. - Property income includes earnings from assets such as bank interest, rental income, and fund dividends [4]. - Operating income is generated from business activities, while transfer income comes from government policies without direct labor [5][6]. Group 2: Current Financial Landscape - The current property income for households, excluding real estate, primarily comes from bank deposits, which exceed 300 trillion [9]. - Due to declining interest rates on deposits, funds have shifted to the bond market, leading to a significant rise in bond prices from 2022 to 2024 [10]. - The yield on 10-year government bonds is around 1.6% as of June 2025, indicating a trend of decreasing income from both deposits and bonds [10]. Group 3: Investment Opportunities - With 470 trillion in deposits and bonds yielding lower returns, there is a pressing need to seek higher-yielding investment avenues [11]. - The real estate and stock markets are highlighted as potential areas for investment, with a focus on stabilizing these markets [12]. - Index funds are presented as a suitable entry point for participating in the stock market, although they require a certain level of knowledge and discipline to avoid common pitfalls [12][19]. Group 4: Challenges in Investment - While many individuals can earn labor income, only a fraction of investors achieve good returns from index funds due to behavioral issues like chasing trends and frequent trading [18]. - The article emphasizes the importance of education and self-control in investment practices, noting that these skills are currently scarce in society [18]. Group 5: Conclusion - Property income, derived from holding assets, is becoming increasingly important as traditional sources like bank deposits and bonds decline [19]. - The stock market, particularly through index funds, is positioned as a key avenue for generating property income, but achieving stable returns requires ongoing learning and disciplined investment strategies [19].