随着2025年全国保交房任务全面收官，融创中国保交付工作正式宣告基本完成。数据显示，2022年至2025年间，融创累计交付房源超72万套，覆盖全国101 座城市，其中2025年交付5.4万套，2022年至2024年分别交付18.6万套、31.2万套和17万套，在行业深度调整期交出了规模与品质兼具的交付答卷，为房企脱 困转型提供了实践样本。 业内普遍认为，全国保交房任务的全面完成，标志着行业从"应急攻坚"向"常态提质"跃迁，产品力与服务力已成为房企实现稳健发展的核心逻辑。对于融创 而言，保交房任务的收官为企业回归正常经营奠定坚实基础。据了解，2026年融创将在北京、上海、天津、武汉等核心城市推进多个TOP级项目的品质交 付，进一步恢复市场信心，巩固高端住宅市场竞争力，加速回归健康经营正循环。 "面对行业深度调整期的复杂考验，融创全力以赴实现保质保量交付，充分展现出企业的经营韧性，也为众多房企从困难中走出来提供了重要样本。"一位业 内分析人士向记者表示。 据悉，融创超72万套交付任务的顺利落地，核心得益于"政企银"协同机制的有效运转与企业内部的高效推进。在外部协作层面，融创与各地政府专班、金融 机构保持高频对接， ...

Core Viewpoint - Sunac China Holdings Limited has successfully completed a $9.6 billion offshore debt restructuring, approved by the Hong Kong High Court, marking it as the first large real estate enterprise to achieve a complete "zero" on offshore debt [1] Group 1: Debt Restructuring Process - The restructuring process has been steadily advancing over the past 10 months, with significant milestones including a 75% support rate in June and 98.5% creditor approval in October [1] - The restructuring plan involved innovative options such as mandatory convertible bonds and a menu of new notes, which garnered creditor support [2] - The successful completion of both domestic and offshore debt restructuring has significantly reduced Sunac's debt pressure by nearly 60 billion yuan, leading to substantial interest savings and a material improvement in the balance sheet [3] Group 2: Market Impact and Confidence - The successful restructuring serves as a positive signal to the market, demonstrating that complex debt issues faced by large real estate companies can be effectively resolved, thus rebuilding industry confidence [1][2] - Analysts believe that the restructuring reflects Sunac's professional capability in addressing complex debt issues and positions the company for a sustainable operational recovery [2][3] Group 3: Operational Recovery and Market Position - Following the completion of the debt restructuring, Sunac is accelerating its operational recovery, focusing on delivering projects and enhancing sales performance [4][5] - The company has achieved significant sales success with its "One Number Courtyard" projects in major cities, contributing to market confidence and positioning Sunac favorably in a competitive landscape [5][6] - The completion of debt restructuring is viewed as a critical step for real estate companies like Sunac to regain a healthy development trajectory and focus on product quality and service in the new industry era [6]

Core Viewpoint - The company has achieved significant results in its "guaranteed delivery" efforts in the first half of 2025, delivering high-quality homes to over 10,000 families, which is crucial for stabilizing market expectations and boosting market confidence [1][3]. Delivery Achievements - The company has completed nearly 700,000 deliveries over the past three years, with the guaranteed delivery tasks expected to be fully completed by the end of this year, allowing the company to enter a normal cycle of project development, sales, and delivery [1][3]. - In 2022, 186,000 units were delivered, followed by 312,000 units in 2023, and 170,000 units in 2024, totaling over 668,000 units delivered [9][12]. Project Highlights - The Xi'an Rongchuang Lan Yuefu project exemplifies high-quality delivery, featuring 51 traditional Chinese courtyard homes that blend historical aesthetics with modern landscaping, receiving widespread acclaim [4]. - The Chongqing Chang Le Ya Song project showcases a deep practice of Eastern aesthetics, with meticulous attention to architectural details and landscaping inspired by historical Chinese gardens [7]. Strategic Focus - The company emphasizes a systematic approach to quality control and resource allocation, which has been pivotal in its delivery success [12]. - 2025 is identified as a critical year for the company, aiming to deliver over 50,000 units and complete all guaranteed delivery tasks by year-end, marking a transition to a new phase of sustainable operational development [12].

Core Viewpoint - The real estate industry is expected to see a significant decline in delivery volumes after 2024, marking the end of a peak delivery period driven by the "guarantee delivery" policy [1][2] Group 1: Industry Overview - The national housing completion area from 2021 to 2024 was reported as 101,412 million square meters, 86,222 million square meters, 99,831 million square meters, and 73,743 million square meters respectively, indicating a rebound in 2023 after a decline in 2022 [1] - The delivery volume for real estate companies in the first half of 2025 is expected to drop significantly, with a general decline of over 50% in the number of units delivered [1] - The top 10 real estate companies accounted for 38.08 million units delivered, representing 56.46% of the total deliveries from 50 companies [1] Group 2: Company Focus - Sunac - Sunac delivered 186,000 units in 2022, 312,000 units in 2023, and 170,000 units in 2024, totaling over 668,000 units delivered [2] - In the first half of this year, Sunac delivered 15,000 units, including notable projects such as Xi'an Sunac Lan Yue Fu and Chongqing Chang Le Ya Song [2] - For 2025, Sunac aims to deliver over 50,000 units, with expectations to complete all guarantee delivery tasks by the end of the year [2] - The company is transitioning into a new development phase characterized by debt restructuring, stabilized sales, and the completion of guarantee delivery tasks [2]