一、投资评级与核心观点万科A (000002。SZ)在2025年6月16日被下调至“中性”评级,主要基于其销售规模下降明显、盈利能力承压以及股东持续借款提供流动性的背景。分析师认为,尽管公司在行业排名中稳居前列并获得融资支持,但业绩释放存在不确定性,因此调整了盈利预测。二、销售数据与市场表现根据克而瑞数据,2025年5月万科实现销售金额141.9亿元,同比下降39.18%,销售面积97.0万平方米...
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