Financial Performance - The company's operating revenue for Q3 2022 was approximately ¥130.76 billion, representing a year-on-year increase of 25.28%[3] - The net profit attributable to shareholders for Q3 2022 was approximately ¥4.83 billion, a decrease of 14.43% compared to the same period last year[3] - The basic earnings per share for Q3 2022 was ¥0.4178, a decrease of 13.94% year-on-year[3] - The weighted average return on equity for Q3 2022 was 2.04%, down 0.47 percentage points from the previous year[3] - For the first nine months, the company reported cumulative operating revenue of CNY 337.67 billion, up 24.4% year-on-year[12] - Net profit for the period was ¥27.24 billion, compared to ¥24.60 billion in the previous period, reflecting an increase of about 10.7%[29] - Total operating revenue for the period reached ¥337.67 billion, up from ¥271.49 billion in the previous period, representing a growth of approximately 24.4%[29] Cash Flow and Assets - The net cash flow from operating activities for Q3 2022 was negative at approximately ¥12.46 billion, a decline of 124.09% year-on-year[3] - The net cash flow from operating activities for the first nine months of 2022 was negative at approximately ¥417.57 million, a decline of 442.36% year-on-year[8] - Operating cash flow for the current period was negative at ¥(4,175,709,127.55), a significant decline from the positive cash flow of ¥1,219,687,037.31 in the previous period[31] - Total cash inflow from operating activities was ¥266,232,487,811.32, down from ¥370,648,953,965.91 in the previous period, indicating a decrease of approximately 28.2%[31] - The ending balance of cash and cash equivalents was ¥115,805,109,952.29, down from ¥138,665,720,961.19 in the previous period[32] - The company reported a significant decrease in cash flow from operating activities, which may impact future operational strategies and investment decisions[31] Assets and Liabilities - The total assets as of September 30, 2022, were approximately ¥1.83 trillion, down 5.47% from the end of 2021[3] - The total liabilities decreased to ¥1,426.66 billion from ¥1,545.87 billion, indicating a reduction in overall debt levels[27] - Long-term borrowings decreased to ¥170.05 billion from ¥154.32 billion, indicating a reduction in long-term debt obligations[27] - The company reported a significant reduction in short-term borrowings, which fell to ¥4.18 billion from ¥14.41 billion, a decrease of approximately 70.9%[27] Real Estate Development - The total area settled for real estate development in Q3 was 9.51 million square meters, an increase of 28.1% year-on-year[12] - In Q3, the group achieved a contracted sales area of 6.462 million square meters and a contracted sales amount of RMB 99.38 billion, representing year-on-year declines of 14.4% and 20.3% respectively, with the decline narrowing compared to Q2[16] - From January to September, the group recorded a total contracted sales area of 19.369 million square meters and a contracted sales amount of RMB 314.67 billion, both down 34.3% year-on-year[16] - As of the end of September, the group had 39.005 million square meters of sold but uncompleted resources, with a total contract amount of approximately RMB 612.58 billion[16] Business Segments Performance - The logistics and warehousing business generated revenue of RMB 2.97 billion from January to September, marking a year-on-year increase of 42.7%[19] - The cold chain park revenue reached RMB 1.38 billion, showing a significant year-on-year growth of 111.7%[19] - The rental housing business achieved revenue of RMB 2.31 billion from January to September, reflecting a year-on-year increase of 11.5%[21] - The commercial development and operation business generated revenue of RMB 6.25 billion, a year-on-year growth of 10.6%[22] Shareholder Returns and Equity - The net assets attributable to shareholders increased to approximately ¥241.11 billion, reflecting a growth of 2.18% compared to the end of 2021[3] - The total equity attributable to shareholders rose to ¥241.11 billion from ¥235.95 billion, an increase of approximately 2.5%[27] - The group distributed a total cash dividend of RMB 11.277 billion for the 2021 fiscal year, with actual cash dividends paid amounting to RMB 11.204 billion[24] Sustainability and Corporate Actions - The group has set 50 sustainable development goals, receiving recognition from various ESG rating agencies, including an A+ rating from Hang Seng[23] - The company successfully spun off Wanwu Cloud for listing on the Hong Kong Stock Exchange during the reporting period[18]

Financial Performance - Revenue for the third quarter of 2022 was RMB 130,756,952, representing a year-on-year increase of 25.28%[3] - Profit attributable to shareholders for the third quarter of 2022 was RMB 4,827,763, a decrease of 14.43% compared to the same period last year[3] - Basic earnings per share for the third quarter of 2022 were RMB 0.4178, down 13.94% year-on-year[3] - In Q3, the company achieved operating revenue of RMB 130.76 billion, a year-on-year increase of 25.3%, while net profit attributable to shareholders was RMB 4.83 billion, a decrease of 14.4%[10] - For the first nine months, the company reported cumulative operating revenue of RMB 337.67 billion, up 24.4% year-on-year, and net profit attributable to shareholders of RMB 17.05 billion, an increase of 2.2%[11] - The operating profit for the first nine months was RMB 52.70 billion, an increase from RMB 46.61 billion in the same period last year[24] - The net profit attributable to shareholders for the period was RMB 17.05 billion, compared to RMB 16.69 billion in the previous year[24] - The company's total revenue for the first nine months reached RMB 33.77 billion, up from RMB 27.15 billion year-on-year[24] Asset and Liability Management - Total assets as of September 30, 2022, were RMB 1,832,663,156, a decrease of 5.47% from December 31, 2021[3] - Current assets decreased from RMB 1,600,322,953 to RMB 1,482,273,448, a decline of approximately 7.37%[27] - Current liabilities decreased from RMB 1,311,446,467 to RMB 1,168,326,003, a reduction of about 10.9%[28] - Total non-current liabilities increased from RMB 234,473,532 to RMB 258,368,674, an increase of approximately 10.1%[30] - The company's total equity increased from RMB 392,772,777 to RMB 405,968,479, reflecting a growth of about 3.1%[30] - The company's total assets minus current liabilities increased from RMB 627,246,309 to RMB 664,337,153, an increase of approximately 5.9%[28] Cash Flow and Financing - Cash and cash equivalents decreased by 65.01% to RMB 3,024,576 due to the release of restricted funds[4] - Cash and cash equivalents decreased from RMB 140,708,459 to RMB 115,805,110, representing a decline of approximately 17.7%[31] - Operating cash flow generated was RMB 27,373,577, down from RMB 31,265,529, a decrease of about 12.5%[31] - Net cash used in investing activities was RMB 11,153,809, compared to RMB 27,562,068 in the previous year, indicating a significant reduction in cash outflow[31] - The company reported a net cash outflow of RMB 24,903,349 for the nine months ended September 30, 2022, compared to RMB 46,996,659 in the previous year, showing an improvement[31] - The average financing cost for new financing in the first three quarters was 3.73%, while the comprehensive financing cost for existing financing was 4.06%[12] Shareholder Information - The number of shareholders at the end of the reporting period was 454,066, with 453,987 being A-share holders[6] - The largest shareholder, Shenzhen Metro Group Co., Ltd., held 27.88% of the shares, totaling 3,242,810,791 shares[6] - The company plans to continue its financing and securities lending business, utilizing up to 97,241,965 A-shares, which is approximately 0.836% of the total share capital[7] Business Segments Performance - The real estate development business recorded a settlement area of 22.62 million square meters in the first nine months, contributing RMB 295.8 billion in revenue, with year-on-year growth of 21.7% and 24.8% respectively[11] - The company’s gross profit margin for real estate development decreased from 23.9% in the same period last year to 20.7% in 2022, primarily due to rising land costs[11] - The logistics and warehousing business generated revenue of RMB 2.97 billion in the first nine months, reflecting a year-on-year growth of 42.7%[16] - The leasing residential business achieved a revenue of RMB 2.31 billion for the first nine months, representing a year-on-year growth of 11.5%[17] - As of September 30, the leasing residential business managed approximately 215,000 units with an occupancy rate of 95%[17] - The commercial development and operation business generated a revenue of RMB 6.25 billion, reflecting a year-on-year increase of 10.6%[18] - The overall occupancy rate of the commercial projects managed by the company was 92.7% as of the reporting period[18] - The company signed 6,887 new lease agreements with corporate clients in the third quarter, and over 50,000 contracts were signed around graduation season[17] - The company has incorporated 42,800 units into the affordable rental housing program as part of its response to national policies[17] Corporate Actions and Recognition - The company successfully listed its subsidiary, Wanwu Cloud, on the Hong Kong Stock Exchange during the reporting period[15] - The company completed a dividend distribution of RMB 11.2 billion for the 2021 fiscal year, while maintaining investment in quality projects[12] - The company has set 50 sustainability goals, receiving recognition for its ESG performance from various rating agencies[19] Debt Management - The total interest-bearing debt amounted to RMB 294.32 billion, with 78.7% classified as long-term debt, an increase of 1.1 percentage points compared to the previous period[12] - The company reported a significant increase in current bonds payable, rising by 181.32% to RMB 18,499,875, indicating a restructuring of financing[4]

Financial Performance - The company reported a revenue of RMB 206.92 billion for the first half of 2022, representing a year-on-year increase of 23.82%[12]. - The profit attributable to shareholders was RMB 12.22 billion, up 10.64% compared to the same period last year[12]. - The net cash flow from operating activities reached RMB 8.29 billion, reflecting a growth of 22.21% year-on-year[11]. - The gross profit margin for the first half of 2022 was 20.5%, compared to 22.9% in the same period last year[12]. - The revenue growth for property services was 42.2%, while logistics and warehousing, rental housing, and commercial development and operation saw growth rates of 39.1%, 12.3%, and 10.4% respectively[12]. - The company achieved a revenue of RMB 206.92 billion in the first half of 2022, representing a year-on-year growth of 23.8%[15]. - The profit attributable to shareholders was RMB 12.22 billion, an increase of 10.6% compared to the previous year, with a basic earnings per share of RMB 1.05[15]. - The revenue from real estate development and related asset management was RMB 191.67 billion, accounting for 92.6% of total revenue, while property services contributed RMB 12.19 billion, or 5.9%[15]. - The company reported a settlement area of 13.10 million square meters, with a settlement revenue of RMB 178.88 billion, marking a year-on-year increase of 23.9%[19]. - The company reported a total employee count of 130,292 as of June 30, 2022, with employee compensation and benefits totaling RMB 10.471 billion during the reporting period[80]. Capital Structure and Debt Management - The company's net debt ratio stood at 35.5%, with cash holdings of RMB 141.07 billion, significantly exceeding short-term borrowings of RMB 62.64 billion[11]. - The comprehensive financing cost for existing financing was 4.08%, further reduced compared to the previous year[11]. - The total interest-bearing debt amounted to RMB 280.23 billion, an increase of RMB 14.26 billion from the beginning of the year, accounting for 14.9% of total assets[62]. - The company aims to maintain a healthy financial status and optimize debt structure and financing costs, ensuring an industry-leading credit rating[71]. - The company has provided guarantees totaling RMB 20.50 billion to its subsidiaries and RMB 7.00 billion to its own subsidiaries during the reporting period[102]. - The company has no overdue guarantees or guarantees involved in litigation[102]. - The company has implemented multiple cash flow forecasting models and risk control algorithms to enhance financial security and efficiency[59]. Shareholder and Stock Information - The company reported no dividend distribution or bonus shares for the 2022 interim period[1]. - The company did not declare any cash dividends or bonus shares for the first half of 2022[15]. - The total number of shares issued by the company is 11,625,383,375, with 83.59% being RMB ordinary shares and 16.35% being overseas listed foreign shares[110]. - The company repurchased a total of 72,955,992 A-shares during the reporting period, which were not canceled by the end of June 2022[11]. - The company’s major shareholders include various investment institutions such as GIC and Oaktree Capital, indicating strong institutional interest[109]. - The company’s stock structure remains stable, with no significant changes in foreign investment holdings[110]. - The company plans to maintain the repurchased shares for necessary purposes to protect shareholder value[110]. Operational Highlights - The company operates in various business units including logistics, long-term rental apartments, and education[4]. - The company is committed to providing integrated living solutions for urban youth through its rental apartment brand[4]. - The logistics business achieved revenue of RMB 1.86 billion in the first half, a year-on-year increase of 39.1%, with high-standard warehouses generating RMB 1.04 billion (up 13.0%) and cold storage generating RMB 820 million (up 94.7%)[51]. - The rental residential business "Boyu" generated revenue of RMB 1.48 billion, a year-on-year increase of 12.3%, with a rental rate of 94.0% and a customer satisfaction rate of 95%[54]. - The commercial business generated revenue of RMB 4.01 billion, a year-on-year increase of 10.4%, with a total operational area of 11.95 million square meters and an overall occupancy rate of 91.3%[57]. Sustainability and Corporate Governance - The company has established approximately 50 sustainable development goals, focusing on emissions reduction, waste reduction, energy use, and climate change[82]. - The company received a MSCI-ESG rating of BBB and a low-risk rating from Sustainalytics, continuing to be included in the Hang Seng Sustainable Development Benchmark Index[82]. - The company has implemented a comprehensive energy management system across its operations, focusing on energy saving, emission reduction, and water conservation[86]. - The company has completed its first climate change risk analysis, identifying risks and opportunities related to climate change across its business segments[87]. - The company has committed to avoiding conflicts of interest and ensuring fair treatment of minority shareholders in related transactions[96]. Future Outlook - Future guidance indicates a cautious outlook due to market volatility but aims for steady growth in core business areas[142]. - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[138]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and acquisitions[142].

Financial Performance - The company reported a significant increase in revenue, with total revenue reaching RMB 100 billion, representing a year-on-year growth of 15%[7]. - Vanke's net profit attributable to shareholders for the first half of 2022 was RMB 10 billion, an increase of 20% compared to the same period last year[7]. - The company achieved operating revenue of CNY 206.92 billion in the first half of 2022, representing a year-on-year increase of 23.8%[15]. - The net profit attributable to shareholders was CNY 12.22 billion, up 10.6% compared to the same period last year[15]. - The net profit for the period was RMB 18.1 billion, representing a year-on-year increase of 11.9%[46]. - The company reported a total comprehensive income of RMB (1.27 billion) for the first half of 2022, compared to RMB 12.02 billion in the same period of 2021, highlighting a significant drop in profitability[148]. - The net profit after deducting non-recurring gains and losses for the reporting period reached CNY 1,172,099,100, an increase of 9.26% compared to the same period last year[126]. Dividends and Shareholder Returns - Vanke did not distribute cash dividends or issue bonus shares for the first half of 2022[2]. - The company paid out RMB 4.87 billion in dividends and interest during the first half of 2022, slightly up from RMB 4.81 billion in the same period of 2021, indicating stable cash outflows for shareholder returns[146]. Assets and Liabilities - Vanke's total assets as of June 30, 2022, amounted to RMB 500 billion, reflecting a 12% increase from the previous year[7]. - The company's total assets as of June 30, 2022, were CNY 1.88 trillion, a decrease of 3.07% from the beginning of the year[10]. - The total liabilities amounted to CNY 1.49 trillion, down 3.78% compared to the end of 2021[10]. - The company's total liabilities as of June 30, 2022, were CNY 384.35 billion, compared to CNY 350.92 billion at the end of 2021, indicating a rise of 9.5%[135]. - The company's equity attributable to shareholders amounted to CNY 234,234,876,591.05, down from CNY 235,953,134,212.41 at the end of last year[132]. Debt and Financing - Vanke's debt-to-equity ratio stands at 60%, which is within the industry average, ensuring financial stability[7]. - The company has outlined a future outlook of achieving a revenue target of RMB 200 billion for the full year 2022, with a projected growth rate of 10%[7]. - The total interest-bearing debt amounted to RMB 280.23 billion, with a proportion of 14.9% of total assets[47]. - The company raised RMB 38.59 billion in loans during the first half of 2022, an increase from RMB 32.42 billion in the same period of 2021, reflecting a reliance on debt financing[146]. - The company has not provided any guarantees for the bonds issued during the reporting period[125]. Operational Efficiency and Strategy - The company has initiated a strategic partnership with a logistics firm to enhance its supply chain efficiency, expected to reduce costs by 5%[7]. - Vanke is investing in new technology development, particularly in AIoT solutions, with a budget allocation of RMB 500 million for 2022[7]. - The company plans to maintain stable project delivery, having delivered 115,000 residential units in the first half of the year[28]. - The company has implemented online signing for 27,000 residential units during the pandemic, enhancing customer convenience[33]. Market Expansion - The company plans to expand its market presence by entering three new cities in 2023, aiming for a 10% increase in market share[7]. - The company acquired 19 new projects with a total planned area of 3.08 million square meters, with a total land cost of ¥38.68 billion[28]. Sustainability and Corporate Responsibility - Vanke has accumulated over 297 million square meters of buildings that meet green building standards as of June 30, 2022[69]. - The company has set approximately 50 sustainable development goals covering emissions reduction, waste reduction, energy use, and climate change[68]. - Vanke's Shanghai Fengxian Lingang Park received the net-zero carbon building certification, becoming the first logistics park in China to achieve this certification[71]. Shareholder Structure and Governance - The largest shareholder, Shenzhen Metro Group, holds 3,242,810,791 A shares, representing 27.89% of the total shares[110]. - The company has no controlling shareholder or actual controller, and this situation remains unchanged during the reporting period[111]. - The company guarantees that all assets related to its operations are independently owned and controlled by the listed company[79]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited, but a review was conducted by KPMG Huazhen[83]. - There were no significant related party transactions during the reporting period, ensuring compliance with regulations[87]. - The company reported no major litigation or arbitration matters during the reporting period[85].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 62.67 billion, a 0.65% increase compared to CNY 62.26 billion in the same period last year[4]. - Net profit attributable to shareholders for Q1 2022 was CNY 1.43 billion, representing a 10.58% increase from CNY 1.29 billion year-on-year[4]. - Basic and diluted earnings per share for Q1 2022 were CNY 0.1229, up 10.52% from CNY 0.1112 in the same quarter last year[4]. - The company achieved operating revenue of 62.67 billion RMB, a year-on-year increase of 0.6%[15]. - The net profit attributable to shareholders was 1.43 billion RMB, reflecting a year-on-year growth of 10.6%[15]. - Total comprehensive income for the current period was ¥2.24 billion, down from ¥2.60 billion in the previous period, a decrease of 13.7%[28]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 13.26 billion, a significant decrease of 178.55% compared to a positive CNY 16.88 billion in the previous year[4]. - Cash flow from operating activities showed a net outflow of ¥13.26 billion, contrasting with a net inflow of ¥16.88 billion in the previous period[30]. - The company reported a cash balance of approximately 141.78 billion RMB, down from 149.35 billion RMB at the end of 2021[24]. - Cash and cash equivalents at the end of the period totaled ¥137.45 billion, down from ¥188.67 billion at the end of the previous period[31]. Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 1.95 trillion, a 0.45% increase from CNY 1.94 trillion at the end of the previous year[4]. - The total liabilities as of March 31, 2022, were approximately 1.55 trillion RMB, slightly up from 1.54 trillion RMB at the end of 2021[26]. Business Segments Performance - The real estate development business recorded a settlement area of 3.747 million square meters, contributing 49.34 billion RMB in revenue, a decrease of 6.9% year-on-year[15]. - The logistics and warehousing business achieved revenue of 870 million RMB, a year-on-year increase of 39%[19]. - The leasing residential business generated revenue of 700 million RMB, reflecting a year-on-year growth of 12.8%[20]. - The commercial development and operation segment reported revenue of 2.11 billion RMB, up 17.6% year-on-year, with the managed projects by Yinyi Group contributing 1.42 billion RMB, a 16% increase[21]. Investments and Projects - The company added 6 new development projects with a total planned construction area of 1.458 million square meters[16]. - The company expanded its logistics and warehousing operations with new projects adding 392,000 square meters of leasable area[19]. - The company’s AIoT and BPaaS solutions gained multiple new enterprise clients, with its subsidiary recognized as a national high-tech enterprise[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 537,477, with 537,417 being voting shareholders[10]. - The company plans to repurchase A-shares with a total fund not exceeding 2.5 billion RMB and not less than 2 billion RMB, with a repurchase price capped at 18.27 RMB per share[22]. Other Financial Metrics - The company maintained a net debt ratio of 34.6% and held cash of 141.78 billion RMB, covering short-term borrowings 2.6 times[15]. - The company reported a decrease in total operating costs to ¥59.22 billion, up from ¥58.70 billion in the previous period, indicating a cost increase of 0.89%[27]. - Research and development expenses increased to ¥147.72 million, compared to ¥127.45 million in the previous period, reflecting a growth of 15.9%[27]. - The company reported a 49.03% increase in trading financial assets, rising to CNY 30.68 million due to increased financial products[7]. - The goodwill increased by 41.24% to CNY 539.85 million, influenced by the acquisition of Huan Shan Group[7].

Financial Performance - Revenue for the first quarter of 2022 reached RMB 62,667,075, representing a 0.65% increase compared to RMB 62,264,096 in the same period of 2021[3] - Profit attributable to shareholders for the first quarter of 2022 was RMB 1,428,994, marking a 10.58% increase from RMB 1,292,286 in Q1 2021[3] - Basic and diluted earnings per share for Q1 2022 were both RMB 0.1229, up 10.52% from RMB 0.1112 in the same quarter of 2021[3] - The company achieved operating revenue of RMB 62.67 billion, a year-on-year increase of 0.6%[11] - Net profit attributable to shareholders reached RMB 1.43 billion, reflecting a year-on-year growth of 10.6%[11] - Gross profit for the same period was RMB 11,813.425 million, down from RMB 12,698.276 million in 2021, indicating a decrease of about 6.95%[22] - Operating profit decreased to RMB 8,037.170 million from RMB 8,398.042 million year-on-year, reflecting a decline of approximately 4.29%[22] - The total comprehensive income for the period was RMB 2,243.315 million, down from RMB 2,599.408 million in 2021, indicating a decrease of about 13.7%[23] Assets and Liabilities - Total assets as of March 31, 2022, amounted to RMB 1,947,409,175, reflecting a 0.45% increase from RMB 1,938,692,776 as of December 31, 2021[3] - As of March 31, 2022, total assets amounted to RMB 1,608,813.389 million, slightly up from RMB 1,600,322.953 million at the end of 2021[24] - The company's total liabilities were RMB 1,554,099.466 million, resulting in a net asset value of RMB 393,309.709 million as of March 31, 2022[26] - Cash and cash equivalents decreased to RMB 137,450.564 million from RMB 140,708.459 million at the end of 2021[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 537,477, with the top ten shareholders holding a combined 55.67% of the total shares[5] - The largest shareholder, Shenzhen Metro Group Co., Ltd., held 27.89% of the shares, totaling 3,242,810,791 shares[5] - The company has proposed a share buyback plan with a total amount not exceeding RMB 2.5 billion and not less than RMB 2 billion, with a buyback price capped at RMB 18.27 per share[19] Business Segments - The real estate development business recorded a settlement area of 3.747 million square meters, contributing RMB 49.34 billion in revenue, a decline of 6.9% year-on-year[11] - Contract sales area amounted to 6.327 million square meters, with a total sales value of RMB 106.5 billion, down 42.7% and 40.7% year-on-year respectively[12] - The logistics and warehousing business generated revenue of RMB 870 million, marking a 39% increase year-on-year[15] - Revenue from the rental housing business reached RMB 700 million, up 12.8% year-on-year, with over 21,000 long-term rental apartments managed[17] - The commercial development and operation segment reported revenue of RMB 2.11 billion, a year-on-year increase of 17.6%[18] Other Financial Metrics - The net cash flow from operating activities for Q1 2022 was a negative RMB 13,259,189, a significant decline of 178.55% compared to a positive RMB 16,879,435 in Q1 2021[3] - The weighted average return on equity increased to 0.60% in Q1 2022 from 0.57% in Q1 2021[3] - Other current assets increased by 74.59% to RMB 39,252, reflecting an increase in financial products[4] - Biological assets reached RMB 135,678 due to the acquisition of shares in a company, marking a 100% increase[4] - The average premium rate for residential land transactions was 4.4%, down 13.3 percentage points year-on-year[10] - The company launched six new development projects with a total planned construction area of 1.458 million square meters[13]

Financial Performance - In 2021, Vanke Group experienced a decline in net profit for the third time in its 31-year history, following declines in 1995 and 2008[8]. - The proposed cash dividend for 2021 is RMB 11,276,621,873.75, accounting for 50.06% of the annual net profit attributable to shareholders[2]. - Each shareholder will receive RMB 9.70 per 10 shares as a cash dividend, subject to adjustments based on changes in total shares before the dividend record date[2]. - The financial report for 2021 has been audited by KPMG, which issued a standard unqualified audit opinion[2]. - In 2021, the company's operating revenue was CNY 452.8 billion, a year-on-year increase of 8.0%, while net profit attributable to shareholders was CNY 22.5 billion, a decrease of 45.7%[9]. - The overall gross margin decreased to 21.8%, down 7.4 percentage points year-on-year, with the gross profit margin after deducting operating taxes dropping from 22.8% in 2020 to 17.2%, corresponding to a gross profit decrease of CNY 17.6 billion[9]. - Investment income fell by CNY 6.9 billion due to reduced equity method investment returns and related gains from equity transfers[9]. - The operating cash flow turned negative, with a net cash flow from operating activities of RMB 4.1 billion, a decline of 92.27% year-on-year[24]. - The company achieved a total revenue of RMB 452.8 billion in 2021, representing an 8.04% increase compared to 2020[24]. - Net profit attributable to shareholders decreased by 45.75% to RMB 22.5 billion, down from RMB 41.5 billion in 2020[24]. - The company maintained a healthy financial status with a net debt ratio of 29.7%, which is low compared to industry standards[31]. Business Strategy and Future Outlook - Vanke aims to stabilize revenue and net profit in 2022, laying the groundwork for future value growth[8]. - The company emphasizes the importance of addressing shareholder concerns and expectations following the disappointing financial results[8]. - Vanke is committed to taking decisive actions to improve performance and rectify shortcomings identified in the past year[8]. - The company has identified property services, logistics, long-term rental apartments, and commercial operations as key new business directions for future growth[13]. - The company aims to transition from a "good residential supplier" to an "urban supporting service provider" over the next decade[12]. - The company anticipates that the future housing demand will shift towards improvement and renewal needs, despite the end of rapid industrialization and urbanization[11]. - The company plans to enhance cash flow management and optimize debt structure and financing costs to ensure financial stability in 2022[17]. - Vanke plans to achieve a 25% growth in residential property revenue and a 35% increase in Vanke Liangxing's revenue in 2022[18]. - The company plans to focus on enhancing operational capabilities across its development, management, and service sectors to drive future growth[30]. Operational Performance - The company has maintained positive operating cash flow for 13 consecutive years, with the comprehensive financing cost reduced to 4.11% by year-end[9]. - The property development segment recorded sales of RMB 627.8 billion, while recognized revenue was RMB 402.3 billion[29]. - The average rental rate for managed properties reached 95.3%, with a significant increase in property service revenue growth of 32.1%[30]. - The company expanded its rental housing business to 33 cities, with a total of 159,500 units opened and an average occupancy rate of 95.3%[28]. - The logistics and warehousing segment reported a stable rental rate of 93% for high-standard warehouses by the end of 2021[29]. - The company achieved operating revenue of RMB 452.8 billion in 2021, representing an 8.04% year-on-year growth[38]. - The gross profit margin for settled real estate development was 23.0%, with a net profit margin of 17.8% after tax deductions[46]. - The company has 46.735 million square meters of sold but uncompleted resources, with a total contract amount of approximately RMB 710.8 billion, an increase of 1.8% compared to the previous year[48]. Risk Management - The report outlines the main risks faced by the company and the corresponding countermeasures[3]. - The company has recognized a total impairment of RMB 3.53 billion, which included inventory impairment of RMB 3.12 billion and other asset impairment of RMB 410 million, resulting in a reduction of net profit by approximately RMB 2.55 billion[43]. - The company is confident in the market recovery, supported by government policies aimed at stabilizing the real estate market[11]. New Business Developments - The new business "Wanwu Cloud" achieved revenue exceeding CNY 20 billion in 2021, representing a year-on-year growth of 32.1%[14]. - Vanke Logistics achieved a compound annual growth rate (CAGR) of 52% over the past three years, with 2021 revenue reaching RMB 3.2 billion, a year-on-year increase of 69%[15]. - The rental area managed by Vanke Logistics is 11.36 million square meters, with cold chain storage accounting for 1.38 million square meters, ranking first in the industry[15]. - Vanke's apartment business reported a CAGR of 40% over the past three years, with 2021 revenue growing by 14% year-on-year to RMB 525 million, and a net operating income (NOI) increase of 193%[15]. - In 2021, Vanke's revenue from the commercial management segment grew by 24% year-on-year, with an NOI increase of 17%[15]. Corporate Governance and Social Responsibility - The company is committed to maintaining a leading credit rating and adhering to financial safety measures in its operations[17]. - The company implemented a "Chief Customer Officer" mechanism to enhance customer service and improve the living experience for residents across 42 cities, involving 356 projects and completing 1,210 improvement initiatives[52]. - The company organized over 1,030 community activities during the pandemic, engaging nearly 35,000 customers[65]. - The company has received multiple awards for engineering quality, including the "Luban Award" and the "Zhan Tianyou Award" for several projects[54]. - The group will continue to practice ESG principles, aiming for LEED Gold or Green Three-Star standards in new cold storage projects[104].

尊敬的各位投资者和媒体朋友们大家上午好我是万科企业股份有限公司董事会秘书朱旭欢迎大家出席公司2021年度业绩发布会今天出席业绩发布会的除了例行的五位法定高管还增加了两位管理层下面我一一介绍董事会主席玉亮 总裁祝久胜开发经营本部首席合伙人张海物业事业集团首席合伙人朱宝泉执行副总裁财务负责人韩慧华执行副总裁刘骁下面有请玉亮主席介绍公司情况尊敬的各位投资者 分析师朋友还有媒体的朋友们大家早上好昨天晚上我特别的忐忑不安就像一个学生没考好试一样拿成绩单要给父母看一样我完全能够理解股东的各种各样的情绪不满也好失望也好困惑也好关切也好 我感同身受今天一早上我召集了团队专门汇总了一下从昨天晚上到今天上午的时候来自于我们投资者媒体朋友的所关心的问题大家关心的问题也比较多但我发现基本上主要集中在两个问题上一个是说 为什么会出现45.7%的利润的下降第二个问题是说万科有没有可能从2022年开始能够做到止跌期稳和回升所以我觉得我有必要就这两个问题在这次的我们的业绩发布会上做一个特别的回答 我们在股东信和我们的年报里面我们对业绩下滑的原因我们做了一些披露但是我想我们在今天的场合华尔海有必要做进一步的反思跟检讨我们更多的我们来自于我们投 ...