On October 13th, China Vanke Co.,Ltd. announced that the company held a board meeting, electing Huang Liping as chairman while Xin Jie resigned from the chairman position. Industry professionals believe that having the new chairman appointed from existing board members, who is familiar with company operations, benefits work continuity and stability. Individual management adjustments will not affect the enterprise's reform and risk resolution process. Since the beginning of this year, with strong support from Shenzhen municipal government and relevant departments, major shareholder Metro Group, financial institutions and other parties, Vanke's reform and risk resolution has progressed steadily, achieving team stability, financial stability and operational stability amid multiple challenges.

Since the beginning of this year, China Vanke has made positive progress in reform and risk resolution with support from major shareholders and multiple parties. According to the latest interim report, Vanke repaid all public debt on schedule in the first half of the year, with no offshore public debt maturing before 2027. Looking ahead to the second half, Vanke previously stated that with policy guidance, financial institution support, state-owned major shareholder backing, and partner assistance, combined with its own efforts, the company has confidence and capability to address challenges.

While orderly resolving risks, Vanke's multiple business segments have developed steadily. In the first half of the year, Vanke achieved revenue of 105.3 billion yuan, with comprehensive residential community business sales revenue approaching 70 billion yuan, high-quality delivery of over 45,000 units, 100% sales collection rate, and over 90% sell-through rate for project launches in multiple locations. While focusing on sales, Vanke leveraged various supportive policies to form a systematic approach to inventory revitalization. In the first half, through inventory optimization and new capacity additions approaching 10 billion yuan, revitalization proceeds reached nearly 6 billion yuan. Since 2023, approximately 78.5 billion yuan worth of inventory has been revitalized, cumulatively generating over 20 billion yuan in new sales. Since 2022, all new Vanke projects have been included in full-cycle post-investment management, with new project investment realization reaching 85%.

In operational services, Vanwu Cloud achieved revenue of 18.2 billion yuan in the first half, maintaining industry-leading expansion capabilities in the existing residential market. Vanke's long-term rental business consolidated its leading position, with business scale, efficiency, and insurance coverage maintaining industry first place. Commercial business showed steady growth in key indicators including foot traffic, sales, and sales per square meter in the first half. Logistics business maintained industry-leading occupancy rates, with warehouse operations, transportation and other service revenues growing 43% year-over-year.

Notably, Vanke actively pursues technological innovation, fully utilizing technology to enhance products and services. In intelligent construction, Vanke's pioneering blueprint AI model and related products have become industry-level applications, serving over 1,000 internal and external projects, providing online blueprint review services for nearly 100 industry partners, and completing cooperation project establishment with the National Archives for "Construction Blueprint Large Language Model." In property services, Vanwu Cloud's "Lingshi" edge server system enables 95% online dynamic monitoring of community equipment, while the "Feige" work order system has built the industry's largest real-time response network for work orders. In long-term rental apartments, Besociety operations have achieved full automation, improving efficiency through comprehensive SaaS processes, with project front-desk GOP profit margins consistently maintained above 89%. In smart logistics, Vanke and Shenzhen Metro jointly launched the world's first pilot cooperation of "robots autonomously taking subways to deliver goods for merchants." The robots, integrated and developed by Vanke's Vanward Logistics, utilize subway idle time periods to carry full loads of supply goods, autonomously board subways, and independently plan optimal routes to deliver goods for subway merchants. This cooperation successfully gained widespread market attention.