Last month, SUNNY OPTICAL's shipment of vehicle-mounted lenses increased by more than 30%. YUEXIU PROPERTY's sales in 2024 reached 114.5 billion yuan|Selected announcements from Hong Kong stocks on January 10.
① SUNNY OPTICAL saw over a 30% increase in vehicle lens shipments last month, what highlights are there in Business expansion? ② YUEXIU PROPERTY's sales revenue reached 114.5 billion yuan in 2024, what is the growth rate?
Yuexiu Property Logs 13.5 Billion Yuan in December 2024 Contracted Sales
YUEXIU PROPERTY (00123) has a cumulative contracted sales amount of approximately 114.54 billion yuan in 2024, a year-on-year decrease of about 19.4%.
YUEXIU PROPERTY (00123) announced that in December 2024, the company achieved contract sales (including joint ventures and associates...
Express News | Yuexiu Property - December Contracted Sales RMB13,511 Mln
Hong Kong stocks are moving differently | Mainland Real Estate stocks plunged across the board in the morning session due to bearish concerns brought by the real estate companies. SUNAC (01918) once fell nearly 29%.
Mainland Real Estate stocks fell across the board. As of the time of writing, SUNAC (01918) is down 26.86%, trading at HKD 1.28; RONSHINECHINA (03301) is down 11.07%, trading at HKD 0.249; SHIMAO GROUP (00813) is down 8.42%, trading at HKD 0.87.
Zhongzhi Research Institute: In 2024, the Real Estate Industry will achieve a total of 565.31 billion yuan in Bonds financing, a year-on-year decrease of 18.4%.
According to the research, looking ahead to 2025, policy support is expected to drive expectations for recovery, but the Real Estate market still faces many challenges. Financing policies are expected to remain loose, but the scale of financing will still be influenced by the market recovery.
Yuexiu Property CFO Resigns; Successor Appointed
China's Property Market Likely Boosted by Year-End Campaigns -- Market Talk
It's once again the annual mortgage repricing day, and Banks personnel candidly state that "revenue pressure is increasing." How to stabilize the interest margin under the expectation of interest rate cuts?
① With the arrival of the repricing cycle on January 1st, many industry professionals who spoke with reporters from the Financial Association stated that "revenue pressure is increasing." ② Looking ahead to 2025, many experts believe that the policy interest rates need to be further lowered during the year, and mortgage rates will continue to decline. ③ From the perspective of the Industry, controlling costs remains the primary measure each bank is taking to ease the downward pressure on interest margins.
Key cities in the real estate market showed a "tail-end" finish in December last year, with expectations for year-on-year growth still being positive in the first quarter.
In December, the real estate market concluded with a "tail-up" trend, and it is expected that there will still be positive year-on-year growth in the first quarter.
At the end of 2024, the top 100 real estate companies will see a rebound in sales, with the number of companies exceeding one billion reduced to 11.
By the end of 2024, the sales of the top 100 real estate companies will show a tail end market trend; the number of billion-yuan and hundred-million-yuan real estate companies continues to decrease, with the number of billion-yuan companies further reduced to 11 in 2024, returning to the level of 2016.
Hong Kong stocks are experiencing fluctuations | Most Mainland Real Estate stocks are down as the top 100 property companies continue to consolidate their sales in 2024, and the Industry landscape continues to differentiate.
Most Mainland Real Estate stocks fell. As of the time of writing, CH OVS G OCEANS (00081) dropped 3.39%, trading at 1.71 Hong Kong dollars; SEAZEN (01030) fell 3.3%, trading at 1.76 Hong Kong dollars; RONSHINECHINA (03301) decreased by 2.67%, trading at 0.365 Hong Kong dollars.
Kerry Real Estate: It takes time for the real estate market recovery to translate into investment. It is expected that corporate investment will continue to be cautious and differentiated next year.
In 2025, the core cities are expected to see localized investment hot spots, led by state-owned enterprises.
Yuexiu Property Unveils Board of Directors and Governance
YUEXIU PROPERTY (00123.HK) appointed Jiang Guoxiong as Executive Director and Co-General Manager.
On December 31, Gelonghui reported that YUEXIU PROPERTY (00123.HK) announced that, effective December 31, 2024: 1. Mr. Jiang Guoxiong has been appointed as the company's executive director and co-managing director, as well as a member of the Board of Directors' Environment, Social and Governance Committee; 2. Mr. Zhu Huisong has been transferred from co-managing director to general manager and vice chairman of the Board of Directors; 3. Ms. Chen Jing has resigned from the position of Chief Financial Officer but will continue to serve as an executive director; and 4. Mr. Zeng Zhizhao has been appointed as the Chief Financial Officer of the company.
Express News | Yuexiu Property - Zhu Huisong Re-Designated From Co-General Manager of Company to Vice Chairman
Express News | Yuexiu Property - Chen Jing Resigned as Chief Financial Officer
Yuexiu Property Co Updates Share Registrar in Hong Kong
2024 Shenzhen real estate summary: A record has been broken.
The housing market is facing headwinds.
Year-end review | In 2024, the CNI Yangtze Index mortgage rates will experience a "three consecutive declines". The LPR in 2025 is expected to continue to decrease, and mortgage rates are likely to stabilize at a low level.
① This year, the LPR has experienced three significant reductions, with the one-year LPR down a total of 35 basis points and the five-year LPR down a total of 60 basis points, both annual declines reaching new highs since the LPR reform. ② After the re-pricing at the beginning of 2025, the interest rate for existing first-time home loans will decrease by a total of 110 basis points to 3.3%. From the perspective of Consumer, the reduction in interest rates on existing home loans significantly boosts Consumer spending.
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