Investment Rating - The report maintains a **Buy** rating for the company, with a target price of **11.53 CNY**, unchanged from the previous rating [2] - The current price is **6.76 CNY**, indicating a significant upside potential [2] Core Views - The company's performance in H1 2024 was in line with expectations, with revenue of **142.78 billion CNY**, down **28.9% YoY**, and a net loss of **9.85 billion CNY**, down **199.8% YoY** [7] - Despite challenges, the company is supported by multiple state-owned enterprises in Shenzhen through various means such as bulk transactions, REITs subscriptions, and project collaborations [7] - The company is focusing on three main strategies: **ensuring housing delivery, ensuring payment obligations, and transitioning to high-quality development** [7] - The company is actively reducing inventory and optimizing its land reserves, with a total inventory value of **620.4 billion CNY**, down **11.6%** from the end of 2023 [7] Financial Performance - Revenue for 2024E is projected at **343.83 billion CNY**, down **26.2% YoY**, with net profit attributable to shareholders at **8.86 billion CNY**, down **27.2% YoY** [6] - The company's ROE is expected to decline to **3.4%** in 2024E, down from **9.3%** in 2022A [6] - The company's net debt ratio stands at **60.30%**, with a current P/B ratio of **0.3** [4] Operational Highlights - The company's new construction starts in H1 2024 were **4.12 million square meters**, achieving only **38.4%** of the annual plan, compared to **71.5%** in the same period last year [7] - Completed construction area in H1 2024 was **8.60 million square meters**, achieving **39.0%** of the annual plan, slightly below the **40.0%** achieved in the same period last year [7] - The company added only **3 new land parcels** in H1 2024, with an average land price of **3,944 CNY per square meter** [7] Industry Context - The company operates in the **real estate/finance** sector, facing challenges such as declining settlement scale and gross margins, as well as significant impairment losses [6][7] - The company is focusing on **inventory reduction** and **resource optimization**, including converting commercial properties to residential use and resource swaps [7] Valuation Metrics - The company's current P/E ratio is **3.55**, with a projected P/E of **9.10** for 2024E [6] - The company's P/B ratio is **0.33**, with a target P/B of **0.53** based on the target price [7]

证券代码：000002 证券简称：万科 A 万科企业股份有限公司投资者关系活动记录表 投资者关系 活动类别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 活动参与人 员 投资者： 网络直播，面向所有投资者，参与人员约 16.3 万人 次 公司人员： 董事会主席郁亮，总裁祝九胜，联席总裁、开发经营 本部首席合伙人张海，联席总裁、物业事业集团首席 合伙人朱保全，执行副总裁、财务负责人韩慧华，执 行副总裁、首席运营官刘肖，董事会秘书朱旭 时间 2024 年 8 月 30 日星期五晚上 19:00—20:45 地点 直播观看地址： 1. 万科官网： 中文界面： https://www.vanke.com/investor/data?typeid=62&newsid=8110 英文界面： https://www.vanke.com/en/investor/data?typeid=62&newsid=8111 编号：2024-004 | | 2. 微信"易选房"小程序 | | --- | --- | | | 3. 全景网： | | | 中 ...

Financial Performance - China Vanke Co., Ltd. reported unaudited interim results for the six months ending June 30, 2024[1]. - The company reported a revenue of RMB 142.78 billion for the first half of 2024, a decrease of 28.93% compared to RMB 200.89 billion in the same period of 2023[12]. - The gross profit for the first half of 2024 was RMB 9.65 billion, down 74.52% from RMB 37.89 billion in the previous year[12]. - The company incurred a loss attributable to shareholders of RMB 9.85 billion in the first half of 2024, representing a decline of 199.82% compared to a profit of RMB 9.87 billion in the same period of 2023[12]. - The company's total revenue for the first half of 2024 was RMB 142.78 billion, a decrease of 28.93% year-on-year[23]. - The real estate development and related asset management revenue was RMB 123.40 billion, down 33.07% year-on-year, accounting for 86.4% of total revenue[23]. - The property services revenue increased by 13.98% year-on-year to RMB 15.99 billion, with a gross margin of 13.65%[24]. - The net asset return rate (diluted) for the first half of 2024 was -4.08%, a decrease of 8.04 percentage points from 3.96% in the same period of 2023[12]. - The company reported a net loss attributable to shareholders of RMB 9.85 billion, a significant increase of 199.8% year-on-year[23]. - The company reported a total comprehensive income for the period of RMB (8,118,635,000), down from RMB 17,669,121,000 in the previous year, reflecting a decrease of approximately 146%[127]. Dividends and Shareholder Returns - The company will not distribute cash dividends or bonus shares for the 2024 interim period[2]. - The company did not declare cash dividends or bonus shares for the first half of 2024[26]. - The company did not declare a dividend for the previous fiscal year, which was RMB 8,063,000 thousand or RMB 0.68 per share[168]. Operational Highlights - The company delivered 74,000 housing units across 169 projects in the first half of 2024, maintaining its position among the top tier in the industry[15]. - The company achieved a total transaction amount of RMB 20.4 billion in bulk asset transactions from January to July 2024, covering various asset types including commercial and long-term rental apartments[15]. - The rental housing business expanded its operational scale, adding 15,000 new units, with 80.6% located in first-tier cities, and maintaining a rental rate of 95.2%[15]. - The company launched 3 new projects in the first half of the year, with a total planned construction area of 246,000 square meters and a total land cost of RMB 1.02 billion[31]. - The company completed a construction area of approximately 8.596 million square meters in the first half of the year, achieving 39.0% of the annual plan[31]. - The company has improved community amenities in 48 major projects, resulting in an increase of approximately 14,000 households, representing a 16% rise in occupancy rates[35]. Financing and Debt Management - The company secured new financing and refinancing totaling RMB 61.2 billion in the first half of 2024, with an average cost of 3.66% for new financing[16]. - The net debt ratio as of the reporting period was 62.0%, with total interest-bearing debt amounting to RMB 331.27 billion, accounting for 23.3% of total assets[48]. - The average cost of newly added domestic financing in the first half of 2024 was 3.60%, with a weighted average debt maturity of 5.3 years for interest-bearing debt[50]. - The group achieved a net cash outflow from operating activities of RMB 5.18 billion during the reporting period, with cash and cash equivalents totaling RMB 92.4 billion as of the end of the reporting period[51]. - The company reported a total guarantee amount of RMB 60,000 million for its wholly-owned subsidiary as of June 1, 2024[93]. Market Conditions and Industry Trends - The average rental price in 50 key cities fell by 0.9% in the first half of the year, indicating a downward trend in the rental market[20]. - The total sales area of commercial housing in China decreased by 19.0% year-on-year to 480 million square meters, with sales revenue down 25.0% to RMB 4.7 trillion[17]. - The new construction area for residential properties dropped by 23.7% year-on-year to 380 million square meters, reflecting a continued decline in development investment[17]. - The average premium rate for residential land sales was 4.4%, down 2.3 percentage points year-on-year, indicating reduced competition in the land market[17]. Strategic Initiatives and Future Plans - The company plans to continue implementing its comprehensive plan focused on "ensuring housing delivery, ensuring payments, and transitioning to high-quality development" to navigate the challenging market environment[16]. - The company is focusing on strategic initiatives to enhance market expansion and product development in the upcoming periods[132]. - The company aims to reduce annual management expenses by 15% in 2024 through cost-cutting measures[58]. - The company plans to deliver 188,000 units throughout the year, focusing on high-quality delivery[56]. Sustainability and ESG Efforts - The company has established nearly 50 sustainability goals, focusing on emissions reduction, waste reduction, energy use, and climate change[70]. - The company achieved a cumulative area of 331 million square meters meeting green building standards by the end of June 2024, with 61.5% of new projects incorporating renewable energy designs[70]. - The company received multiple ESG ratings, including AA from the Shenzhen Stock Exchange and A+ from the Hang Seng ESG Index, and was recognized as the best ESG in the mainland real estate sector by Institutional Investor magazine[70]. - Vanke's green operations focus on energy and water resource efficiency, aiming to reduce resource waste across all project phases[72]. Corporate Governance and Shareholder Relations - The company maintains its independence in operations, finance, and governance, ensuring no interference from its controlling shareholder[74][75][76][77][78]. - The company will not utilize its shareholder position to infringe upon the legitimate rights and interests of minority shareholders[81]. - The company has not experienced any major litigation or arbitration matters during the reporting period[83]. - The company has not engaged in any significant non-operating related party debt transactions during the reporting period[88]. Asset Management and Transactions - The company has announced a public listing for the transfer of land use rights and related assets, with a total area of 19,227.53 square meters and a planned construction area not exceeding 167,000 square meters[85]. - The company conducted 49,000 live broadcasts and registered 149,000 customer inquiries as part of its marketing innovation efforts[27]. - The company reported a total contract costs of RMB 5,354,454 thousand, slightly up from RMB 5,281,137 thousand year-over-year[153].

公告编号：2024-089 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 一、董事会会议召开情况 万科企业股份有限公司 第二十届董事会第九次会议决议公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 万科企业股份有限公司（以下简称"公司"）第二十届董事会第九次会议的通知于 2024 年 8 月 15 日以电子邮件的方式送达各位董事。会议于 2024 年 8 月 30 日在深圳以现场和通 讯会议相结合方式举行，会议应到董事 11 名，亲自出席董事 11 名。董事会主席郁亮主持会 议，公司监事、高级管理人员列席了会议。本次会议的召开符合《中华人民共和国公司法》 等法律法规和《万科企业股份有限公司章程》的规定。 二、董事会会议审议情况 （二）审议通过《关于 2024 年半年度不派息、不进行公积金转增股本的议案》 公司 2024 年半年度不派发现金红利，不送红股，不进行资本公积金转增股本。 表决结果：赞成 11 票，反对 0 票，弃权 0 票。 （三）审议通过《关于计提和核销 2024 年半年度减值准备的议案》 （一）审议通过《2024 年半年 ...

万科企业股份有限公司 第十一届监事会第六次会议决议公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2024-090 （三）审议通过《关于计提和核销2024年半年度减值准备的议案》 经审核，监事会认为董事会编制和审议公司2024年半年度报告及其摘要的程序符合法律、 行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了上市公司的实际情况， 不存在任何虚假记载、误导性陈述或者重大遗漏。 特此公告。 本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 万科企业股份有限公司 监事会 二〇二四年八月三十日 万科企业股份有限公司（以下简称"公司"） 第十一届监事会第六次会议的通知于 2024年8月16日以电子邮件的方式送达各位监事。会议于2024年8月30日在深圳举行，会议应 到监事3名，亲自出席监事3名。监事会主席解冻主持会议。本次会议的召开符合《中华人民 共和国公司法》等法律法规及《万科企业股份有限公司章程》的规定。 会议分别以3票同意、0票反对、0票弃权通过以下决议： （一）审议通过《2024年半年度报告、摘要、财务报告和 ...

万科企业股份有限公司 关于计提和核销 2024 年半年度减值准备的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：2024-093 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 万科企业股份有限公司（以下简称"公司"）第二十届董事会第九次会议审议通过了《关 于计提和核销 2024 年半年度减值准备的议案》。根据《企业会计准则》及公司会计政策的 相关规定，公司对截至 2024 年 6 月 30 日存在减值迹象的资产进行了减值测试，本着谨慎原 则，对可能发生减值损失的资产计提了减值准备。 一、本次计提资产减值准备的综合情况 2024 年上半年度公司因计提或合并范围变动，共增加各类减值准备 417,877.49 万元， 转回或转销各类减值准备合计 169,196.97 万元。截至 2024 年 6 月 30 日，公司各项资产减值 准备余额合计人民币 1,469,417.53 万元，较上年末增加人民币 248,680.52 万元。 注：未考虑减值准备的转回或转销。 二、公司本期计提减值准备的详细情况 （一）信用损失准备和预付款项坏 ...

万科企业股份有限公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 金额单位：人民币万元 | 非经营性 | 资金占用方 | 占用方与 | 上市公司 | 2024 年 | | 2024 年半年度 占用累计 | | 2024 年半年度 | 2024 | 年半年度 | 2024 | 年半年度 | | 占用 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 资金占用 | 名称 | 上市公司的 | 核算的 | 期初占用 | | 发生金额 | | 占用资金的 | | 偿还累计 | | 期末占用 | | 形成原因 | | 占用性质 | | | | 关联关系 | 会计科目 | 资金余额 | | (不含利息) | | 利息 (如有) | | 发生金额 | | 资金余额 | | | | | | 控股股东、实际控制人及 其附属企业 | 无 | 不适用 | 不适用 | | - | | - | | - | | - | | - | | - | 不适 ...

Financial Performance and Results - Revenue for the first half of 2024 was RMB 142.78 billion, a decrease of 28.93% year-over-year[9] - Net profit attributable to shareholders was a loss of RMB 9.85 billion, a decrease of 199.82% year-over-year[9] - Operating cash flow was negative RMB 5.18 billion, a decrease of 377.63% year-over-year[9] - Total assets decreased by 5.45% to RMB 1.42 trillion compared to the beginning of the year[9] - Net debt ratio increased by 7.38 percentage points to 62.04%[10] - The company achieved operating revenue of 142.78 billion yuan, down 28.9% YoY, with a net loss attributable to shareholders of 9.85 billion yuan, a 199.8% YoY decrease[20] - The company's basic earnings per share were -0.83 yuan, a 198.6% YoY decrease[20] - Total revenue for the first half of 2024 decreased to 142.78 billion RMB, a decline of 28.9% compared to 200.89 billion RMB in the same period of 2023[133] - Net loss for the first half of 2024 was 8.52 billion RMB, compared to a net profit of 15.17 billion RMB in the first half of 2023[133] - Total comprehensive loss for the first half of 2024 was 8.12 billion RMB, compared to a comprehensive income of 17.67 billion RMB in the first half of 2023[134] - Interest expenses for the first half of 2024 increased to 3.14 billion RMB, up from 3.05 billion RMB in the same period of 2023[133] - Asset impairment losses for the first half of 2024 were 2.01 billion RMB, compared to no impairment losses in the same period of 2023[133] - Total operating revenue for the first half of 2024 was RMB 1,138,296,663.69, a decrease of 32.3% compared to RMB 1,681,236,183.01 in the same period of 2023[136] - Net profit for the first half of 2024 was RMB 6,206,541,138.75, a decrease of 61.9% compared to RMB 16,283,640,246.27 in the same period of 2023[136] - Cash flow from operating activities was negative RMB 5,176,325,811.10 in the first half of 2024, compared to positive RMB 1,864,499,635.13 in the same period of 2023[138] - Cash flow from investing activities was positive RMB 4,975,520,783.46 in the first half of 2024, compared to negative RMB 293,419,231.45 in the same period of 2023[138] - Cash flow from financing activities was negative RMB 6,858,569,321.45 in the first half of 2024, compared to negative RMB 16,440,283,211.88 in the same period of 2023[140] - Total cash and cash equivalents at the end of the first half of 2024 were RMB 89,986,161,022.77, a decrease of 7.2% compared to RMB 96,942,577,448.50 at the beginning of the period[140] - Interest expenses for the first half of 2024 were RMB 4,195,335,369.59, a decrease of 13.6% compared to RMB 4,855,158,954.63 in the same period of 2023[136] - Investment income for the first half of 2024 was RMB 8,271,234,777.03, a decrease of 48.5% compared to RMB 16,050,364,777.19 in the same period of 2023[136] - Cash received from sales of goods and services was RMB 103,845,517,758.89 in the first half of 2024, a decrease of 35.5% compared to RMB 160,959,767,625.25 in the same period of 2023[138] - Cash paid for goods and services was RMB 69,446,220,711.83 in the first half of 2024, a decrease of 37.0% compared to RMB 110,197,500,448.18 in the same period of 2023[138] - Operating cash flow for the first half of 2024 was negative at -18.52 billion RMB, compared to a positive 1.65 billion RMB in the same period of 2023[142] - Investment cash flow for the first half of 2024 was positive at 1.82 billion RMB, a significant increase from 660.63 million RMB in the same period of 2023[142] - Financing cash flow for the first half of 2024 was positive at 5.42 billion RMB, compared to a negative -8.66 billion RMB in the same period of 2023[143] - Cash and cash equivalents decreased by 11.28 billion RMB in the first half of 2024, compared to a decrease of 6.36 billion RMB in the same period of 2023[143] - Total comprehensive income for the first half of 2024 was negative at -9.47 billion RMB, with a minority interest impact of 1.35 billion RMB[144] - Shareholders' equity decreased by 17.88 billion RMB in the first half of 2024, primarily due to a reduction in retained earnings and minority interest[144] - The company received 45.16 billion RMB from borrowings in the first half of 2024, compared to 28.64 billion RMB in the same period of 2023[143] - The company repaid 35.57 billion RMB of debt in the first half of 2024, compared to 41.73 billion RMB in the same period of 2023[143] - The company's cash and cash equivalents balance at the end of June 2024 was 7.12 billion RMB, down from 18.40 billion RMB at the beginning of the period[143] - The company's total equity at the end of June 2024 was 385.06 billion RMB, down from 402.93 billion RMB at the beginning of the period[144] - Shareholder equity at the end of the period increased to RMB 402.64 billion, up from RMB 405.64 billion at the beginning of the period[147] - Comprehensive income for the period amounted to RMB 17.67 billion, driven by a net profit of RMB 11.79 billion[147] - Capital contributions from shareholders totaled RMB 9.02 billion, including RMB 3.46 billion from new share issuances[147] - Dividends distributed to shareholders amounted to RMB 13.23 billion, reflecting a significant return of capital[147] - Retained earnings increased to RMB 99.81 billion, up from RMB 98.01 billion at the beginning of the period[147] - Minority interest decreased to RMB 153.32 billion, down from RMB 162.31 billion at the beginning of the period[147] - Total comprehensive income for the year reached RMB 21.83 billion, with net profit contributing RMB 13.04 billion[148] - Shareholder equity at year-end stood at RMB 402.93 billion, slightly down from RMB 405.64 billion at the beginning of the year[148] - Dividends paid during the year totaled RMB 16.89 billion, reflecting a strong commitment to shareholder returns[148] - Retained earnings at year-end were RMB 93.62 billion, down from RMB 98.01 billion at the beginning of the year[148] - Shareholder equity increased by RMB 11.68 billion to RMB 171.66 billion as of June 2023, driven by a RMB 3.46 billion capital injection and RMB 16.28 billion in comprehensive income[151] - Total comprehensive income for the first half of 2023 reached RMB 15.43 billion, contributing significantly to the growth in undistributed profits[152] - The company added 48 new subsidiaries and reduced 69 subsidiaries during the reporting period, reflecting ongoing portfolio optimization[153] - Capital reserves increased by RMB 3.16 billion, primarily due to a RMB 300 million increase in share capital and additional capital injections[151] - Undistributed profits grew by RMB 8.22 billion to RMB 17.11 billion, despite RMB 8.06 billion in profit distributions to shareholders[151] Business Operations and Strategy - The company's subsidiaries include Vanke Property, Wanwu Liangxing, Wanwu Cloud City, and Wanrui Technology, focusing on community, commercial, and urban space services, as well as AIoT and BPaaS solutions[5] - The company's logistics platform is managed by Vanke Logistics Development Co., Ltd[5] - The company operates in multiple regions including Southern, Shanghai, Beijing, Southwest, Northwest, Central China, and Northeast regions[5] - The company's long-term rental apartment brand is called "Po Yu," managed by Zhuhai Po Yu Apartment Management Co., Ltd[5] - The company delivered 74,000 units across 169 projects in the first half of 2024, with sales amounting to RMB 127.33 billion[13] - The rental housing business expanded to 183,000 units, with an occupancy rate of 95.2% and a GOP margin close to 90%[13] - The company completed RMB 20.4 billion in bulk asset and equity transactions in the first seven months of 2024[13] - New financing and refinancing totaled RMB 61.2 billion in the first half of 2024, with a comprehensive cost of 3.66%[13] - The company repaid RMB 7.3 billion in domestic bonds and approximately RMB 10.4 billion in offshore bonds as of the report date[14] - Sales area decreased by 27.6% to 9.395 million square meters, and sales amount decreased by 37.6% to 127.33 billion yuan[25] - Sales amount ranked first in 14 cities, second in 14 cities, and third in 9 cities[25] - Completed delivery of 74,000 units, including 62,000 units of residential properties[33] - Settlement area decreased by 29.2% to 8.794 million square meters, and settlement income decreased by 34.6% to 111.68 billion yuan[27] - Gross profit margin of real estate development business was 6.8%[27] - Newly started and resumed construction area was 4.117 million square meters, completing 38.4% of the annual plan[30] - Completed construction area was 8.596 million square meters, completing 39.0% of the annual plan[30] - Acquired 3 new projects with a total planned construction area of 246,000 square meters and a total land price of 1.02 billion yuan[30] - Total construction area of projects under construction and planning is approximately 82.135 million square meters[30] - Launched "拾系", "映象系", and "锦系" product lines, with "映象系" projects in 5 cities and "锦系" projects in 4 cities[34] - Vanke's property management subsidiary, Wanwu Cloud, achieved revenue of 17.63 billion yuan, a year-on-year increase of 9.5%, with community space living consumption services contributing 10.15 billion yuan, accounting for 57.6% of total revenue[38] - Wanwu Cloud's commercial and urban space integrated services revenue reached 6.08 billion yuan, a 7.0% year-on-year increase, while AIoT and BPaaS solution services revenue grew 5.9% to 1.40 billion yuan[38] - Wanwu Cloud secured 221 new residential service projects with a total saturated revenue of 1.276 billion yuan, achieving a 74% bid-winning rate for projects within its "Butterfly City" strategy[39] - Wanwu Cloud's commercial services generated 252 million yuan in diversified business revenue, a 62.1% year-on-year increase, and signed new contracts worth 123 million yuan with a leading domestic AI company[39] - Vanke's leasing housing business, "Po Yu," achieved revenue of 1.73 billion yuan, a 5.3% year-on-year increase, with a total of 242,000 rental units under management and 183,000 units in operation[40] - Po Yu's occupancy rate reached 95.2%, with a GOP margin of nearly 90% and a 13.3% year-on-year reduction in single-unit operating costs[40] - Vanke's EPC and construction agency business generated revenue of 3.80 billion yuan in the first half of 2024, with 85 projects under management covering a total construction area of 14.73 million square meters[36] - Vanke's "Future City Ideal Unit" model was successfully implemented in projects such as Shanghai Jiading Ideal Land, featuring technologies like light storage, direct and flexible energy systems, and a carbon management platform[35] - Po Yu launched 1.5 million new rental units in the first half of 2024, with 1.2 million units (80.6%) located in first-tier cities, and added 3,300 newly opened units[40] - Po Yu's customer satisfaction rate increased to 94.5%, with 4.61 million registered users on its online platform, a 63.4% year-on-year increase, and 1.23 million followers on its official WeChat account[41] - The group's commercial property development and operation business achieved revenue of 4.59 billion yuan, a year-on-year increase of 6.7%, with a rental rate of 94.2% for projects managed by Yinli[42] - Yinli managed commercial projects generated revenue of 2.71 billion yuan, with a rental rate of 94.2%, remaining stable year-on-year[42] - The Shanghai Xuhui Vanke Plaza Phase III project achieved a signing rate of 92%, an opening rate of 88%, and a regional first-store rate of 40%, becoming the top-ranked shopping mall in the city[42] - The Shanghai Sanlin Yinxianghui project attracted over 280,000 visitors in its first 7 days of operation[42] - The logistics business (including non-consolidated projects) achieved operating income of 1.94 billion yuan, with cold chain revenue (excluding supply chain business) increasing by 8.4% year-on-year to 880 million yuan[44] - The cumulative leasable area of logistics projects reached 10.439 million square meters, with a stable rental rate of 85% for high-standard warehouses and 74% for cold chain facilities[44] - The company plans to deliver 188,000 units in 2024 and focus on core businesses such as comprehensive residential development, property services, and rental housing, while exiting non-core investments[58] - The company aims to reduce administrative expenses by 15% year-on-year in 2024 through organizational streamlining and cost-cutting measures[59] Financial Reporting and Compliance - The company's 2024 semi-annual report has been reviewed by KPMG Huazhen LLP and complies with Chinese Accounting Standards[2] - The company will not distribute cash dividends, issue bonus shares, or convert capital reserve into share capital for the 2024 semi-annual period[2] - The report includes forward-looking statements regarding future plans and development strategies, which do not constitute substantive commitments to investors[2] - The company's H-shares are listed on the Hong Kong Stock Exchange with stock codes 02202 and 299903[7] - The company's A-shares are listed on the Shenzhen Stock Exchange with stock code 000002[7] - The company's financial report is available on the official websites of the Shenzhen Stock Exchange and the Hong Kong Stock Exchange[7] - The company's semi-annual financial report for 2024 was reviewed but not audited, with KPMG Huazhen LLP issuing a review report[81] - No major litigation or arbitration cases were reported during the reporting period[83] - The company and its largest shareholder, Shenzhen Metro Group, maintained good integrity without any significant breaches during the reporting period[84] - The company completed the sale of a commercial land use right in Shenzhen for RMB 2.235 billion through a public bidding process, with the transaction involving a related party[85][86] - The company's board of directors approved the asset sale and related-party transaction, with related directors abstaining from voting[86] - No significant related-party transactions related to daily operations, joint investments, or financial dealings with related financial companies were reported during the period[87][88] - No major guarantees, trusteeships, contracts, or leasing activities were reported during the reporting period[91][92] - The total approved external guarantee amount during the reporting period is 8,105.08 million RMB, with an actual guarantee amount of 7,294.57 million RMB[93] - The total approved external guarantee amount at the end of the reporting period is 47,908.09 million RMB, with an actual guarantee balance of 18,341.69 million RMB[93] - The total approved guarantee amount for subsidiaries during the reporting period is 60,000.00 million RMB, with an actual guarantee amount of 60,000.00 million RMB[94] - The total approved guarantee amount for subsidiaries at the end of the reporting period is 2,909,000.00 million RMB, with an actual guarantee balance of 2,239,000.00 million RMB[94] - A subsidiary provided a guarantee of 100,000 million HKD with an actual guarantee amount of 24,845.21 million HKD[94] - A subsidiary provided a guarantee of 524,000 million HKD with an actual guarantee amount of 212,557.85 million HKD[94] - A subsidiary provided a guarantee of 205,000.00 million RMB with an actual guarantee amount of 205,000.00 million RMB[94] - A subsidiary provided a guarantee of 44,000.00 million RMB with an actual guarantee amount of 44,000.00 million RMB[94] - A subsidiary provided a guarantee of 140,000.00 million RMB with an actual guarantee amount of 140,000.00 million RMB[94] - A subsidiary provided a guarantee of 130,000.00 million RMB with an actual guarantee amount of 76,600.00 million RMB[94] - The total amount of guarantees approved during the reporting period is 2,947,636.65 million yuan, with actual guarantees issued amounting to 2,573,377.90 million yuan[96] - The total actual guarantee balance at the end of the reporting period is 5,249,828.08 million yuan, accounting for

万科企业股份有限公司 关于因融资新增担保及已有担保进展情况的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2024-088 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 为满足经营需要，万科企业股份有限公司（以下简称"公司"或"万科"）在银行申请 贷款，公司之控股子公司通过提供质押、抵押为相关贷款提供担保。 公司 2023 年度股东大会审议通过了《关于提请股东大会授权公司及控股子公司对外提 供担保的议案》，同意公司为控股子公司、以及控股子公司为母公司或其他控股子公司的银 行及其它金融机构信贷业务以及其它业务提供担保，在授权有效期内提供的新增担保总额须 不超过人民币 1,500 亿元，有效期为自 2023 年度股东大会决议之日起至 2024 年度股东大会 决议之日止。董事会在取得股东大会授权之同时，已进一步转授权公司总裁对于单笔对外担 保金额低于人民币 125 亿元进行决策。 本次担保事项在上述担保额度范围内，公司总裁已在上述授权范围内决策同意本次担保 事项，具体情况如下： 2、担保协议的主要内容 郑州万科已与交通银 ...

公告编号：〈万〉2024-087 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 万科企业股份有限公司 关于召开 2024 年中期业绩发布会并征集问题的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 （1） 公司官方网页 "投资者关系"栏目 中文界面： https://www.vanke.com/investor/data?typeid=62&newsid=8110 英文界面： https://www.vanke.com/en/investor/data?typeid=62&newsid=8111 万科企业股份有限公司（以下简称"公司"）拟于 2024 年 8 月 30 日晚披露公司《2024 年半年度报告》及其摘要，并于同日召开 2024 年中期业绩发布会。 本次业绩发布会将采用网络视频直播的方式举行，欢迎广大投资者积极参与。 一、 业绩发布会的安排 1. 召开时间：北京时间 2024 年 8 月 30 日（星期五）晚上 19:00-20:30 2. 召开方式：网络视频直播 3. 出席人员：董事会主席郁亮，总裁祝九胜，联席总裁、开发 ...