HK Stock Market Move | CHINA JINMAO (00817) surged over 10% in the afternoon as the company's debt structure further optimizes and available credit limits are sufficient.

CHINA JINMAO (00817) rose over 10% in the afternoon, and as of the time of writing, it has increased by 9.7%, priced at HKD 1.64, with a transaction volume of HKD 183 million. In terms of news, CHINA JINMAO's interim financial report shows that in the first half of the year, the company has increased efforts to reduce liabilities, with interest-bearing debts decreasing by RMB 6.2 billion compared to the end of 2025; the proportion of debts maturing within one year is 20.8%, and the proportion of foreign currency debts decreased from 20% to 18%. The proportion of low-cost development and operational loans has increased to 56.2%, further optimizing the debt structure. During the reporting period, the average interest rate of CHINA JINMAO's domestic and foreign interest-bearing debts dropped to 2.89%, down 29 basis points from the end of 2025, with an average financing cost of only 2.87% for new financing in the first half of the year. Management indicated that the company has not utilized approximately RMB 70 billion in bank credit, and overseas club loan credit exceeds RMB 6 billion. The decrease in the scale of liabilities and financing costs, combined with smooth financing channels, provides CHINA JINMAO with relatively sufficient funding support to maintain operational stability and continuously acquire quality projects in core cities.