On September 17, Vanke updated its organizational structure and management team information on its official website. Under the new organizational framework, the group headquarters has been reorganized into a board office, group office, party and mass work department, and 11 centers, with Xin Jie serving as chairman and Yu Liang as executive vice president. The regional companies have been restructured into 16 companies, including Beijing Company, Tianjin-Hebei Company, and Shanghai Company.
This structural adjustment includes the establishment of new business divisions. Combined with Vanke's asset disposal and transfer of its ice and snow business operations, the company is actively exploring breakthrough paths at the business level.
A significant change in Vanke's organizational and personnel adjustments is the elimination of the Development and Operations Headquarters. The company has restructured the department's "5+2+2" framework (5 regional companies, 2 general companies, and 2 directly managed companies) into 16 regional companies that will be directly managed by headquarters.
According to media reports, this adjustment approach is similar to recent organizational restructuring initiatives by other leading real estate companies such as Jinmao and China Merchants Shekou. The core principle is to "eliminate intermediate levels and strengthen headquarters control and city-level execution capabilities," breaking away from the traditional three-tier structure toward a two-tier management model.
Research institution CRIC believes that Vanke's adjustment is not sudden, as the company has previously made multiple regional adjustments. As the industry enters a "downsizing period," Vanke can achieve centralized resource allocation and unified management by reducing management levels and shortening decision-making chains, thereby improving operational efficiency, enhancing market sensitivity and responsiveness capabilities, and adapting to the transition from regional company management model to general company model to better compete in the market.
CRIC notes that current organizational structure adjustments by real estate companies profoundly reflect the transformation of business logic during the industry's downward cycle. From the first-half performance of listed real estate companies this year, profitability challenges have become a widespread phenomenon in the real estate industry. In the short term, corporate profit scale and profitability levels will continue to face pressure, and leading real estate companies are responding to the industry's deep adjustment through "flattened" organizational structure adjustments.
On September 16, China Vanke Co.,Ltd. (000002.SZ) announced that the company's largest shareholder, Shenzhen Metro Group, will provide the company with a loan of no more than 20.64 billion yuan to repay the principal and interest of bonds issued by the company in the public market. The loan term does not exceed 3 years, with an interest rate of the 1-year Loan Prime Rate (LPR) published by the National Interbank Funding Center one working day before each loan drawdown date, minus 66 basis points, currently at 2.34%.
From the beginning of 2025 to the disclosure date of this announcement, Shenzhen Metro Group has cumulatively provided the company with loans totaling 238.77 billion yuan (excluding this loan).
On the evening of August 22, Vanke disclosed its 2025 interim financial report. Data shows that the company achieved operating revenue of 105.32 billion yuan in the first half of the year, down 26.2% year-on-year; net profit attributable to shareholders was a loss of 11.947 billion yuan, down 21.3% year-on-year. During the period, the company achieved contract sales of 69.11 billion yuan, with a sales collection rate exceeding 100%, and completed the delivery of over 45,000 residential units.