Changes in Hong Kong stocks | Sunac China (01918) is now down more than 6%, annual contract sales have declined by more than 20%, and the Hong Kong court recently rejected the winding-up petition

The Zhitong Finance App learned that Sunac China (01918) is now down more than 6%. As of press release, it is down 6.77% to HK$1.24, with a turnover of HK$315 million.

According to the news, Sunac China announced that in December, it achieved a contract sales amount of 2.95 billion yuan, an increase of 68.6% over the previous year; the contract sales area was about 272,000 square meters, an increase of 97.1%; and the average sales price was 10,850 yuan per square meter, a decrease of 14.4%. In 2025, the total contract sales amount was 36.84 billion yuan, a year-on-year decrease of 21.8%; the sales area involved was about 1.453 million square meters, a decrease of 35.7%; the average sales price was 25,350 yuan per square meter, an increase of 21.6%.

Notably, on the morning of January 5, the Hong Kong court rejected the winding-up petition against Sunac China. Earlier, Sunac China announced on the Hong Kong Stock Exchange that all prerequisites for a full overseas debt restructuring have been met, and the effective date of the restructuring was confirmed on December 23, 2025. The company's existing debt of approximately US$9.6 billion has been fully discharged and forgiven. In January 2025, Sunac China received a winding-up petition from China Cinda (Hong Kong) Asset Management Co., Ltd. against the company in Hong Kong. Since then, the Hong Kong High Court has repeatedly adjourned the hearing of the winding-up petition until January 5, 2026.