北京商报讯（记者 王寅浩 李晗）北京市住建委官网数据显示，7月31日北京新房网签384套，网签面积32508.2平方米，其中住宅网签209套，网签面积 25072.26平方米；二手房网签811套，网签面积70011.75平方米，其中住宅网签724套，网签面积65324.97平方米。 | 2025年6月存量房网上签约 | | | --- | --- | | 网上签约套数: | 16838 | | 网上签约面积(m2)： | 1512647.8300 | | 住宅签约套数: | 15139 | | 住宅签约面积(m2)： | 1413927.1000 | | 可售期房统计 | | 2025 年6月预售许可 | 2025/7/31期 | | --- | --- | --- | --- | | 可售房屋套数: | 93514 | 批准预售许可证: 11 | 网上认购 | | 可售房屋面积(M2):7962466.6600 | | 批准预售面积(M-): 397332.3200 | 网上认购面积( | | 其中 信電膏数: | 43836 | 其中 佳宅套数: 3021 | 其中 住宅 | | 面积(M2): 5802 ...

证券代码：600684 证券简称：珠江股份 编号：2025-043 因肇庆市丽美清洁服务有限公司与广州珠江发展集团股份有限公司（以下 简称"公司"）控股子公司广州珠江城市管理服务集团股份有限公司（以下简 称"珠江城服"）、珠江城服肇庆分公司合同纠纷一案，珠江城服工商银行基 本账户被冻结 1,803,890 元，具体详见公司于 2024 年 9 月 21 日披露的《关于控 股子公司银行账户部分资金被冻结的公告》（编号：2024-042）。 经查询，前述冻结资金 1,803,890 元已于近日解除冻结。前期冻结事项未对 公司及珠江城服的正常运行、经营管理造成实质性影响。本次解除冻结有利于 提高资金使用效率，对公司及珠江城服的生产经营管理具有积极影响。 特此公告。 广州珠江发展集团股份有限公司董事会 关于控股子公司银行账户部分资金解除冻 结的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 广州珠江发展集团股份有限公司 ...

Core Viewpoint - Hang Lung Group is facing ongoing performance pressure but is actively expanding its presence in key mainland cities to mitigate revenue fluctuations [1][3]. Financial Performance - For the first half of 2025, Hang Lung reported total revenue of HKD 5.202 billion, a year-on-year decline of 18% [3]. - Property sales revenue plummeted by 87% to HKD 161 million, significantly impacting overall performance [3]. - Rental income decreased by 3% to HKD 4.912 billion, now accounting for 94% of total revenue [1][3]. - The overall operating profit fell by 6% to HKD 3.408 billion, with net profit attributable to shareholders at HKD 1.191 billion, affected by reduced rental profits and increased financial costs [3]. Strategic Initiatives - In July, Hang Lung announced plans to lease two properties in the core Wulin business district of Hangzhou for 20 years, with a total rental of approximately HKD 3.336 billion [1]. - This expansion is expected to increase Hang Lung's commercial footprint in the Wulin area by 40%, enhancing visibility and accessibility for Hangzhou Hang Lung Plaza [1][7]. Market Outlook - The company anticipates a slight recovery in retail business in the second half of the year, driven by improved market sentiment and consumer confidence [4]. - Hang Lung's ongoing projects in Shanghai and Hangzhou are crucial for its growth strategy, with Shanghai remaining the most significant market for the company [5][9]. Development Projects - Hang Lung is developing a high-end commercial complex in Hangzhou, which includes a shopping mall, office buildings, and a hotel, set to open in phases starting in the second half of 2025 [5][7]. - The company has ongoing construction projects valued at HKD 26.137 billion in rental assets and HKD 8.118 billion in saleable assets, primarily in mainland cities [9].

Core Viewpoint - CICC maintains its earnings forecast for Hang Lung Properties (00101) for 2025-26, reiterating an outperform rating and raising the target price by 11% to HKD 8.9 per share, reflecting a 14.5x target core P/E for 2025 and a 5.8% target dividend yield for 2025, driven by improved operations in mainland shopping centers and solid financial management [1] Group 1: Financial Performance - For 1H25, the company reported revenue of HKD 4.97 billion, a year-on-year decline of 19%, with property leasing income down 3% [2] - Shareholders' net profit was HKD 1.59 billion, a 9% decrease year-on-year, corresponding to an earnings per share of HKD 0.33, in line with expectations [2] - The interim dividend declared was HKD 0.12 per share, unchanged year-on-year [2] Group 2: Mainland Operations - Sales trends in mainland shopping centers showed significant improvement, with quarterly sales declines reducing from 18% to 1% over four quarters [3] - Rental income from mainland shopping centers remained stable year-on-year, accounting for 56% of total rental income [3] - The overall rental income from mainland office properties declined by 5% year-on-year, with an average occupancy rate down 3.2 percentage points [3] Group 3: Financial Management - As of mid-2025, the company's net debt ratio stood at 33.5%, stable compared to the end of the previous year [4] - Total financial expenses decreased by 7% year-on-year, with average borrowing costs down 0.4 percentage points to 3.9%, supported by changes in HIBOR and debt structure optimization [4] Group 4: Future Outlook - The company anticipates continued improvement in sales and rental income from mainland shopping centers, supported by a stable consumer environment and proactive operational adjustments [5] - New projects, such as Hang Lung Plaza in Hangzhou, are progressing as planned, with expectations for office buildings to gradually complete from the second half of 2025 and shopping centers to open in the first half of 2026 [5] Group 5: Financial Discipline - The company is expected to maintain prudent financial discipline, controlling capital expenditures and managing project disposals and capital circulation [6] - Capital expenditures are projected to decline after reaching a peak this year, with the net debt ratio expected to remain below 40% [6]

Core Viewpoint - CICC maintains its earnings forecast for Hang Lung Properties (00101) for 2025-26, reiterating an outperform rating and raising the target price by 11% to HKD 8.9 per share, reflecting a 14.5x target 2025 core P/E, a 5.8% target 2025 dividend yield, and a 12% upside potential, primarily due to improved operations in mainland shopping centers and the company's robust financial management [1] Group 1: Financial Performance - For 1H25, the company reported revenue of HKD 4.97 billion, a year-on-year decline of 19%, with property leasing income down 3% [2] - Shareholder's basic net profit was HKD 1.59 billion, a 9% decrease year-on-year, corresponding to an earnings per share of HKD 0.33, in line with expectations [2] - The interim dividend declared was HKD 0.12 per share, unchanged year-on-year [2] Group 2: Operational Trends - The sales performance of the company's 10 mainland shopping centers showed a significant improvement, with quarterly sales declines reducing from 18% to 1% over four quarters [3] - The rental income from mainland shopping centers remained stable year-on-year, accounting for 56% of total rental income, attributed to a recovering consumer environment and strategic tenant adjustments [3] - The rental income from Hong Kong properties decreased by 4% year-on-year, with retail properties down 7% and office properties down 1% [3] Group 3: Financial Management - As of mid-2025, the company's net debt ratio stood at 33.5%, stable compared to the end of the previous year [4] - Total financial expenses decreased by 7% year-on-year, with average borrowing costs down 0.4 percentage points to 3.9%, supported by changes in HIBOR and an optimized debt structure [4] Group 4: Future Outlook - The company anticipates continued improvement in sales and rental income from mainland shopping centers, supported by a stable consumer environment and operational adjustments [5] - New projects, such as Hang Lung Plaza in Hangzhou, are progressing as planned, with expectations for office buildings to gradually complete from the second half of 2025 and shopping centers to open in the first half of 2026, achieving 81% pre-leasing by the end of July [5] - The company aims to maintain prudent financial discipline and stable shareholder returns, with expectations for capital expenditures to decline after reaching a peak this year [6]

Core Viewpoint - Hang Lung Group demonstrates a resilient business model amidst a challenging macroeconomic environment, despite a significant decline in revenue for the first half of 2025 [1][2]. Financial Performance - Total revenue for Hang Lung Group and Hang Lung Properties decreased by 18% and 19% to HKD 5.202 billion and HKD 4.968 billion, respectively, with mainland China contributing HKD 3.502 billion and Hong Kong contributing HKD 1.7 billion [1][2]. - Property sales revenue plummeted by 87% to HKD 161 million, while core leasing income showed relative stability, with rental income and operating profit down by 3% and 4% to HKD 4.912 billion and HKD 3.499 billion, respectively [2]. - Shareholders' net profit for Hang Lung Group fell by 7% to HKD 1.191 billion, and for Hang Lung Properties, it decreased by 9% to HKD 1.587 billion [2][3]. Debt and Financial Strategy - As of the reporting date, total borrowings amounted to HKD 55.972 billion, with 42% denominated in RMB as a natural hedge against mainland investments [3]. - Fixed-rate debt accounted for 42% of total debt, including bonds and fixed-rate bank loans [3]. Market Adaptation and Strategy - The company is adjusting its mall brand mix to adapt to changing retail market conditions and consumer habits, eliminating the categorization of malls into "high-end" and "sub-high-end" [3]. - In Hong Kong, the company is implementing measures such as offering fully furnished or partitioned office space solutions to meet tenant demands [3]. Future Outlook and Expansion - The company is optimistic about achieving "micro-growth" in 2025, although the performance in the second half of the year will be crucial [4][5]. - Hang Lung is intensifying its market presence in mainland China, with a significant 20-year operating lease signed for the Hangzhou department store, which will increase retail space by 40% [6][7]. - Upcoming projects include the Hangzhou Hang Lung Plaza, which is expected to enhance revenue and returns significantly, with a current pre-leasing rate of approximately 81% [7][8]. Challenges and Market Conditions - The overall office market remains challenging, with rising vacancy rates and declining rents due to insufficient demand for premium office spaces [2]. - The uncertain market environment poses challenges for upcoming projects, particularly if economic pressures continue to affect high-end consumer markets [8].

万物云(02602)发布公告，于2025年7月30日，公司的全资子公司杭州朴寓房地产(作为买方)与下列卖方 分别订立股权转让协议： (2)与浙江万科南都房地产订立杭州元广的股权转让协定，据此浙江万科南都房地产同意出售，且买方 同意购买不附带任何权利负担的杭州元广100%股权及该等股权所附带的全部权益。 此外，杭州弘望投资及杭州东学投资已各自确认：杭州万瑜股权转让的最终购买价格余额将(a)留作审 计专项预留款项、(b)用于偿还集团与万科企业之间的现有贸易应收款项以及其他关联方结余及(c)留作 工程等运营特别储备(人民币75万元)。 待各股权转让协议交割后，公司将透过公司全资子公司杭州朴寓房地产分别持有杭州万瑜及杭州元广的 100%股权，而杭州万瑜及杭州元广将会分别成为公司附属公司，且其各自的财务业绩将会综合入账至 集团的财务报表。 (1)与杭州弘望投资及杭州东学投资订立杭州万瑜的股权转让协定，据此杭州弘望投资及杭州东学投资 同意出售，且买方同意购买不附带任何权利负担的杭州万瑜的分别51%及49%(合共100%)股权及该等股 权所附带的全部权益;及 公告称，由于集团存在到期与即将到期的与万科企业之间的贸易应收款项 ...

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]

Financial Data and Key Metrics Changes - The core rental business revenue decreased by 3%, which was anticipated at the beginning of the year, with hopes for improvement in the second half [8][10] - Overall revenue contribution from property sales and hotel business accounted for 33% of total revenue, down by 6% [9][10] - The net gearing of Hang Lung Properties stood at 33.5%, reflecting a slight increase of 0.1% compared to December [35] Business Line Data and Key Metrics Changes - Rental revenue in Mainland China decreased by 1% in the first half of 2025, an improvement from a 4% decline in 2024 [12][10] - Retail business remained flat compared to a 3% decline in 2024, with seven out of ten projects showing positive revenue growth [13][14] - The office segment continued to face challenges, with a decline of 4% in rental revenue [28][30] Market Data and Key Metrics Changes - Hong Kong's rental revenue saw a decline of 4%, but residential and service apartment rentals improved by 11% [32][30] - The overall sales in Hong Kong decreased by 2%, which is better than the market average decline of 4% [33][32] - The luxury retail segment reported a decline of 12%, while non-luxury sales increased by 8% [97] Company Strategy and Development Direction - The company is focusing on enhancing its retail offerings and tenant management to adapt to the evolving retail landscape [17][19] - A national program is being launched to improve operational efficiency and attract customers in second-tier cities [17] - The company is exploring hybrid models for expansion, particularly in cities where it already has a presence [65] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the stability and potential uplift in the market, particularly in the second half of the year [6][10] - The sentiment in the property sector has stabilized, which may lead to mild growth in tenant sales [66][71] - The company is committed to maintaining its dividend policy, with intentions to return to a cash dividend structure after the Westlake 66 Mall opens [88][89] Other Important Information - The company has increased its focus on renewable energy, with 80% of its projects in Mainland China now powered by renewable sources [41] - The company is actively working on several projects, including the Westlake 66 Mall, which is expected to enhance its market position [44][49] Q&A Session Summary Question: Future expansion using asset-light models - Management indicated that future expansions will depend on demand and synergy with existing projects, emphasizing a holistic approach [64][65] Question: Tenant sales trends in the next twelve months - Management anticipates a potential improvement in tenant sales, moving from a negative trend to mild growth in the second half of the year [66][71] Question: Reasons for improvement in the second quarter - The improvement was attributed to increased occupancy and traffic, along with external factors such as stock market stabilization [70][71] Question: Dividend policy for the full year - Management intends to maintain the current dividend structure, with a focus on not cutting dividends unless absolutely necessary [76][88] Question: Thoughts on issuing convertible bonds - The CFO expressed caution regarding dilutive instruments, noting that the company is not considering issuing convertible bonds at this time [78][79] Question: Progress on transitioning properties - Management reported improvements in occupancy rates and is focused on enhancing the tenant mix to attract customers [79][82]

董事会宣布派发每股港币1角2仙的中期股息，派发日期定为2025年8月15日。 （文章来源：证券时报网） 恒隆地产公布2025年度中期业绩，截至2025年6月30日止六个月，总收入为49.68亿港元，同比下跌 19%，主要由于物业销售收入大幅下跌87%至1.61亿港元。整体营业溢利下降5%至32.55亿港元。 受香港和内地消费放缓及办公楼需求疲弱影响，物业租赁收入和营业溢利均下跌3%，分别录得46.78亿 港元和33.46亿港元。公司酒店组合扩张，收入增加84%至1.29亿港元，但扣除折旧后的营业亏损上升至 3400万港元。 股东应占基本纯利下跌9%至15.87亿港元，每股基本盈利为0.33港元。 ...