According to the Financial Intelligence APP, Gemdale Corporation (600383.SH) closed at the daily limit in the afternoon trading session. As of the publication, it rose by 9.98% to 4.52 yuan, with a transaction value of 1.689 billion yuan.

On the news front, various real estate bullish policies, including interest rate cuts, reserve requirement ratio cuts, and reduction of existing home loan rates, have been recently announced by the People's Bank of China, the China Banking and Insurance Regulatory Commission, and other departments. Fangzheng Securities believes that the positive policy stance, the reduction in existing home loan rates will alleviate pressure on second-hand housing sell-offs, help stabilize house prices, and the unified minimum down payment ratio to 15% will promote the full release of improving demand. In conjunction with the accelerated implementation of policies such as the "white list," "land acquisitions," and "land retrievals," real estate enterprises' cash flow is expected to be significantly alleviated. Insisting on winning the battle of delivering finished houses will effectively boost consumer confidence.

In addition, Everbright Securities recently pointed out that in the first half of the 24th year, Gemdale Corporation repaid all public debts as scheduled. Overall, the company's interest-bearing debt scale has been steadily declining, the overall financial leverage level is stable, short-term cash flow remains under pressure, but after passing the peak period of public debt, the cash flow turnover will be more relaxed.