财联社3月3日讯，今日，新华资产管理股份有限公司发布公开声明称，近期，该公司关注到有关其与万科企业的不实信息。万科企业系中国房地产行业龙头企业，一直与新华资产保持正常的业务合作。作为一家专业的、负责任的资产管理公司，新华资产对中国经济发展充满信心，坚决服务国家战略发展大局，支持中国房地产业健康发展。 此前，有市场传言称，万科高层到北京与保险公司商量即将到期的非标债务展期问题。 新华资产于2006年5月经中国保险监督管理委员会批准、7月3日正式挂牌成立，注册资本1亿元，是国内首批专业保险资产管理机构，前身为新华人寿保险股份有限公司投资管理中心，控股股东为新华人寿保险股份有限公司。 ...

Core Viewpoint - The recent notification from the financial regulatory authorities and the People's Bank of China regarding the management of operational property loans is a significant positive development for leading real estate companies, allowing them to use commercial properties as collateral to improve liquidity and avoid asset fire sales [1][2]. Group 1: Company Challenges - Vanke faced liquidity issues and debt repayment concerns despite reporting a revenue of 89.42 billion yuan and a net profit of 3.75 billion yuan in its Q3 financial report [1]. - Fitch Ratings downgraded Vanke's long-term foreign currency issuer default rating from "BBB+" to "BBB," reflecting market concerns over its financial stability [1]. - Wanda's owner, Wang Jianlin, sold four Wanda Plazas due to ongoing debt issues, indicating the financial strain on major real estate firms [1][2]. Group 2: Policy Support for Real Estate Companies - The recent notification opened four key avenues for financing, allowing real estate companies to use operational properties as collateral, extend loan terms from 10 to 15 years, and increase the loan-to-value ratio from 60% to 70% [2]. - The total new financing scale for listed real estate companies with significant operational property holdings is expected to exceed 500 billion yuan, providing much-needed liquidity for firms like Vanke and Wanda in 2024 [2][3]. Group 3: Market Implications - The management's proactive measures to address liquidity issues are seen as crucial for restoring market confidence in the real estate sector, which has been plagued by debt crises and stalled projects [2][5]. - The financial support for real estate companies is essential for ensuring the completion of ongoing projects and reviving consumer confidence in the housing market [3][5]. - The central bank's commitment to providing financial support signals a potential recovery for the real estate market, with expectations of improved conditions in 2024 [5].

Financial Performance - Operating revenue for the first nine months of 2023 was RMB 290.31 billion, a decrease of 14.03% compared to RMB 337.67 billion in the same period of 2022[4] - Profit attributable to shareholders for the first nine months of 2023 was RMB 13.62 billion, down 20.31% from RMB 17.09 billion in the same period of 2022[4] - Basic and diluted earnings per share for the first nine months of 2023 were both RMB 1.16, a decrease of 21.37% from RMB 1.47 in the same period of 2022[4] - In Q3 2023, the company achieved operating revenue of RMB 89.42 billion, a year-on-year decrease of 31.6%, and net profit attributable to shareholders of RMB 3.75 billion, down 22.5%[11] - For the first nine months of 2023, cumulative operating revenue was RMB 290.31 billion, a decline of 14.0%, with net profit attributable to shareholders at RMB 13.62 billion, down 20.3%[11] - The gross profit for the same period was RMB 51.02 billion, compared to RMB 66.27 billion in 2022, indicating a decline of 23%[20] - Operating profit for the nine months was RMB 39.26 billion, down from RMB 52.70 billion, a decrease of 25%[20] - The net profit attributable to shareholders for the period was RMB 13.62 billion, compared to RMB 17.09 billion in 2022, reflecting a decrease of 20%[20] Cash Flow and Financial Position - Net cash flow from operating activities improved significantly to RMB 235.32 million, compared to a negative cash flow of RMB 4.18 billion in the same period of 2022, representing a 105.64% increase[4] - Operating cash generated for the first nine months of 2023 was RMB 27,612,762 thousand, compared to RMB 27,373,577 thousand in the same period of 2022, reflecting a slight increase[24] - Net cash generated from operating activities was RMB 235,324 thousand, a significant improvement from a net cash outflow of RMB (4,175,709) thousand in 2022[24] - Cash and cash equivalents decreased by RMB 33,180,264 thousand in the first nine months of 2023, compared to a decrease of RMB 24,903,349 thousand in the same period of 2022[24] - Cash and cash equivalents as of September 30, 2023, stood at RMB 101,244,406 thousand, down from RMB 115,805,110 thousand at the end of the same period in 2022[24] - Total tax payments decreased to RMB (27,377,438) thousand in 2023 from RMB (31,549,286) thousand in 2022, indicating a reduction in tax liabilities[24] - Cash used in financing activities increased significantly to RMB (31,334,051) thousand in 2023 from RMB (10,463,739) thousand in 2022, reflecting higher dividend and interest payments[24] - The impact of foreign exchange fluctuations resulted in a cash flow increase of RMB 131,646 thousand in 2023, compared to an increase of RMB 889,908 thousand in 2022[24] - Cash flow from other investment activities improved to RMB 2,742,306 thousand in 2023 from a cash outflow of RMB (3,972,684) thousand in 2022, indicating a positive shift in investment returns[24] - The company’s cash flow management strategies appear to be yielding positive results, as evidenced by the improved net cash from operating and investing activities[24] Assets and Equity - Total assets as of September 30, 2023, were RMB 1,646.72 billion, a decrease of 6.32% from RMB 1,757.84 billion at the end of 2022[4] - Total equity attributable to shareholders increased by 3.94% to RMB 252.91 billion as of September 30, 2023, compared to RMB 243.33 billion at the end of 2022[4] - As of September 30, 2023, total assets less current liabilities amounted to RMB 706.25 billion, an increase from RMB 680.04 billion at the end of 2022[22] Business Segments - The real estate development business recorded a settlement area of 5.898 million square meters in Q3 2023, a decrease of 38.0%, contributing RMB 73.36 billion to revenue, down 37.3%[11] - The logistics and warehousing business generated operating revenue of RMB 2.98 billion in the first nine months of 2023, an increase of 14.8%[15] - The rental housing business achieved operating revenue of RMB 2.53 billion in the first nine months of 2023, growing by 9.4%[16] - The rental housing business expanded by adding 4,761 new units in Q3 2023, with an occupancy rate of 94.4% as of September 30, 2023[17] - The group's commercial development and operations achieved revenue of RMB 6.58 billion for the first nine months, a year-on-year increase of 5.2%[18] - The revenue from commercial projects managed by the Yinyi Group was RMB 4.18 billion, reflecting a year-on-year growth of 3.4%[18] - The overall occupancy rate of commercial projects managed by Yinyi was 95.0% during the reporting period[18] - In Q3, the commercial business (including Yinyi) expanded by 2 new projects with a total construction area of 87,000 square meters and opened 3 new projects with a total area of 349,000 square meters[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 556,919, with the largest shareholder holding 27.18% of the shares[6] - As of September 30, 2023, the total number of shares outstanding is 11,930,709,471, including 9,724,196,533 A-shares and 2,206,512,938 H-shares[9] Investment and Financial Strategy - Other financial assets decreased by 50.12% to RMB 2.56 billion due to partial investment disposals[5] - Short-term borrowings were reduced by 41.83% to RMB 28.01 billion as part of financing structure optimization[5] - The weighted average return on net assets was 5.45%, down from 7.12% in the previous year, a decrease of 1.67 percentage points[4] - The company has a total of 2,955.2 million square meters of sold but uncompleted resources, with a total contract amount of approximately RMB 461.73 billion[13] - The average gross profit margin for the real estate development business was 18.5% before tax, and 14.6% after tax for the first nine months of 2023[11]

Financial Performance - As of June 30, 2023, the company's total revenue was RMB 200.89 billion, a decrease of 2.91% compared to RMB 206.92 billion in the same period of 2022[11]. - The net profit attributable to shareholders for the first half of 2023 was RMB 9.87 billion, down 19.43% from RMB 12.25 billion in the first half of 2022[11]. - The company's gross profit for the first half of 2023 was RMB 37.89 billion, reflecting a decline of 10.49% year-on-year[11]. - The company achieved a total operating revenue of RMB 200.89 billion in the first half of 2023, a decrease of 2.91% year-on-year[20]. - Net profit attributable to shareholders was RMB 9.87 billion, down 19.4% compared to the previous year[20]. - The basic earnings per share were RMB 0.84, reflecting a decline of 20.0% year-on-year[20]. - The gross profit margin for real estate development and related asset management was 19.3%, down 1.5 percentage points from the same period in 2022[21]. - The real estate development business generated revenue of RMB 170.84 billion, a decrease of 4.5% year-on-year[14]. - The property services segment reported a revenue increase of 11.9%, with property service revenue growing by 12.2%[14]. - The company achieved a net cash flow from operating activities of RMB 1.86 billion in the first half of 2023, marking the 14th consecutive year of positive cash flow[14]. Debt and Financial Structure - The net debt ratio stood at 49.5%, indicating a low position within the industry, with cash and cash equivalents amounting to RMB 122.18 billion, covering short-term debt 2.7 times[14]. - The company plans to continue optimizing its debt structure and reducing financing costs, with a weighted average debt maturity of 5.0 years[14]. - Total interest-bearing debt amounts to RMB 321.36 billion, accounting for 19.1% of total assets, with RMB 45.7 billion due within one year[44][46]. - The average financing cost for newly added domestic financing in the first half of 2023 is 3.73%[46]. - The group achieved a net cash inflow from operating activities of RMB 1.86 billion during the reporting period[47]. - The group provided guarantees for customer mortgage loans totaling approximately RMB 226.15 billion, with no significant losses incurred from these guarantees[50]. - The company has committed to maintaining operational independence, ensuring that it has its own assets, personnel, and market-facing capabilities[74]. Business Operations and Strategy - The company operates various business units including logistics, long-term rental apartments, and overseas business units[3]. - The logistics and warehousing sector showed stable growth in cold chain logistics, supported by government policies and demand from the catering and fresh e-commerce industries[17]. - The company is focusing on expanding its service offerings to include high-end rental apartments and large rental communities[18]. - The company has initiated several urban renewal projects, with a total planned construction area of approximately 3.83 million square meters[29]. - The company maintains a focus on high-quality investments, identifying structural opportunities through an investment map[28]. - The company has established nearly 50 sustainability goals, focusing on emissions reduction, waste reduction, energy use, and climate change[66]. - The company aims to improve ESG value and sustainable development capabilities across various business segments[53]. Shareholder and Corporate Governance - The company reported no cash dividends or bonus shares for the first half of 2023[1]. - The company did not declare any cash dividends or bonus shares for the reporting period[20]. - The company has established a commitment to regulate related party transactions to protect the rights of minority shareholders[77]. - The company has committed that the raised funds will not be used for new residential development projects in the domestic market[99]. - The company has no significant penalties or rectification situations during the reporting period[79]. - The company did not implement any equity incentive plans or employee stock ownership plans during the reporting period[63]. Market and Investor Relations - The company held its annual general meeting on June 30, 2023, with 50.32% of the voting shares present[61]. - The company engaged with various institutional investors through multiple teleconferences and meetings throughout 2023, enhancing communication on operational strategies and market outlook[93][94]. - The company successfully issued 300,000,000 new H-shares at a price of HKD 13.05 per share, raising approximately HKD 39.15 billion, which is about RMB 34.64 billion after costs[99]. - The company has actively participated in investor activities, including meetings with over 50 different investors during the reporting period[94]. Sustainability and ESG Initiatives - The company has achieved a cumulative area of 316 million square meters that meet green building evaluation standards as of June 30, 2023[67]. - The company aims to promote green leasing by integrating ESG initiatives into leasing contracts with merchants[68]. - The company has implemented a "zero waste" management approach in its self-operated hotels[68]. - The company has introduced green and low-carbon standards in procurement, promoting suppliers to obtain green low-carbon certification, aiming to create a green supply chain[69]. Financial Reporting and Compliance - The interim financial report for the first half of 2023 was reviewed by KPMG and is prepared in accordance with International Accounting Standard 34[1]. - The report confirms the accuracy and completeness of the financial statements by the chairman and the CFO[1]. - The report does not include any significant omissions or misleading statements[1]. - The company’s financial report is prepared in Renminbi (RMB) unless otherwise specified[1]. - The company’s mid-term financial report was not audited, but reviewed by KPMG[79].

[0 -> 12] 尊敬的各位投资者和媒体朋友们,大家上午好,我是董事会秘书朱旭,欢迎各位出席万科2023年度的中期的业绩推荐会。 [12 -> 26] 这次我们依然采用现场直播的方式进行,大家可以通过万科的官网,万科的逆选房微信小程序和全景网参加我们的直播并与我们交流互动。 [26 -> 33] 在业绩交流正式开始之前,请允许我介绍出席本次业绩推荐会的管理层。 [58 -> 81] 本次业绩推荐的PPT标题是《岁寒之松柏,长风会有时》,分别取之《伦宇和李白的行路难》,寓意是像松柏一样坚定的应对寒冬,必然能迎来长风破浪的广阔未来。 [82 -> 94] 那么,我们这次PPT的介绍分为了四个部分,业绩概览,上半年的主要工作,ESG亮点,以及下半年的工作重点。下面我逐一为大家进行汇报。 [94 -> 101] 那么在业绩概览这个部分,我们来到PPT的第二页。 [101 -> 114] 在上半年,其实市场的景气度短暂有所回升,然后又快速地下滑,行业的形势依然非常严峻,公司坚持开发、经营、服务并重的发展战略。 [114 -> 124] 开发业务虽然受到市场影响,规模利毛利有所下降,但是经营服务业务依然保持良好的发展态 ...

Financial Performance - The company reported unaudited revenue for the six months ended June 30, 2023, with a total of RMB 100 billion, representing a year-on-year increase of 15%[3]. - In the first half of 2023, the company reported a revenue of RMB 200.89 billion, a decrease of 2.91% compared to RMB 206.92 billion in the same period of 2022[15]. - The net profit attributable to shareholders for the first half of 2023 was RMB 9.87 billion, down 19.43% from RMB 12.25 billion in the first half of 2022[15]. - The company's gross profit for the first half of 2023 was RMB 37.89 billion, reflecting a decline of 10.49% year-on-year[15]. - The company reported a profit of RMB 15.17 billion, a year-on-year decrease of 16.3%[53]. - The total comprehensive income for the period was RMB 17,669,121 thousand, slightly up from RMB 17,341,526 thousand in the previous year, reflecting a growth of 1.9%[153]. - The company achieved a net profit of RMB 9,870,472 thousand for the six months ended June 30, 2023, representing a significant increase compared to the previous period[157]. - The total revenue for the six months ended June 30, 2023, was RMB 200,892.59 million, a decrease of 2.5% compared to RMB 206,916.29 million for the same period in 2022[152]. Assets and Liabilities - The total assets of the company reached RMB 500 billion, an increase of 10% compared to the previous year[3]. - The company's total assets as of June 30, 2023, amounted to RMB 1,325,070,729 thousand, down from RMB 1,415,395,430 thousand at the end of 2022, indicating a decrease of 6.4%[154]. - The company's total liabilities decreased to RMB 1,540,476,417 thousand from RMB 1,769,416,761 thousand year-over-year[180]. - The company's net debt ratio stood at 49.5% as of the end of the reporting period[54]. - The company's cash and cash equivalents were RMB 119,705,899 thousand, down from RMB 134,424,670 thousand, reflecting a decrease of 10.9%[154]. - The company's inventory was valued at RMB 837.03 billion, a decrease of 7.7% compared to the end of 2022[61]. - The company's total liabilities as of June 30, 2023, were RMB 302,836,534 thousand, showing a stable financial position[157]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2025[3]. - The company aims to launch three new residential projects in major cities by the end of 2023, contributing an estimated RMB 5 billion in sales[3]. - The company is exploring community value-added services and third-party project market expansion to diversify revenue sources[20]. - The company plans to continue optimizing its debt structure and reducing financing costs in the future[18]. - The company is focusing on technology-driven business improvements and the development of core competencies in real estate technology[50]. Operational Efficiency - The company has completed the acquisition of a logistics firm, enhancing its supply chain capabilities and expected to increase operational efficiency by 25%[3]. - The company maintained a positive cash flow from operating activities for 14 consecutive years, with a net cash flow of RMB 1.86 billion in the first half of 2023[18]. - The company emphasizes the importance of risk management in its future strategies, particularly in light of market uncertainties[3]. - The company has implemented a customer-centric approach, with approximately 61,300 customers using an online process to complete home purchase contracts[38]. Employee and Corporate Governance - As of June 30, 2023, the group had a total of 127,401 registered employees[82]. - During the reporting period, the group accrued employee compensation and benefits totaling RMB 9.42 billion[82]. - The company has committed to avoiding conflicts of interest and ensuring that any related transactions are conducted fairly and transparently[95]. - The company maintains independence in its financial operations, with a separate financial accounting department and independent financial decision-making[89]. Sustainability and ESG Initiatives - The company has established nearly 50 sustainability goals, focusing on emissions reduction, waste reduction, energy use, and climate change[83]. - The company is actively promoting green leasing initiatives, incorporating ESG clauses into leasing contracts with merchants[85]. - The company has received multiple ESG ratings, including AA from the Shenzhen Stock Exchange and A+ from the Hang Seng ESG Index[83]. - The company has committed to rural revitalization, completing construction of 27 kilometers of greenways and several educational facilities in Shaoguan, Guangdong, with all projects expected to be completed by the end of 2023[86]. Financing and Capital Structure - The company successfully issued 300,000,000 H-shares at a price of HKD 13.05 per share, raising a total of HKD 3.915 billion, which represents 13.60% of the total issued H-shares post-placement[119]. - The company issued corporate bonds totaling RMB 2 billion and completed four issuances of medium-term notes totaling RMB 8 billion in the interbank market during the reporting period[122]. - The company has no controlling shareholder or actual controller, and this situation remains unchanged during the reporting period[127]. - The company has issued green bonds, reflecting its commitment to sustainable financing practices[142].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 CHINA VANKE CO., LTD.* 萬科企業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2202） 2023年第一季度報告 萬科企業股份有限公司（以下簡稱「公司」或「萬科」）董事會（「董事會」）謹此宣佈本公司及附屬公司（統 稱「本集團」）截至2023年3月31日止三個月期間按照國際財務報告準則編製的未經審核季度報告（「本 季度報告」或「本報告」）。本公告乃按照香港法例第571章《證券及期貨條例》第XIVA部內幕消息條文 及《香港聯合交易所有限公司證券上市規則》第13.09條及第13.10B條的要求做出。 1. 重要提示 1.1 本公司董事會、監事會及董事（「董事」）、監事、高級管理人員保證本報告內容的真實、準確、 完整，不存在虛假記載、誤導性陳述或者重大遺漏，並承擔個別和連帶的法律責任。 1.2 公司第十九屆董事會第三十次會議（「本次會議」）審議並通過了本報告。本公司 ...

Financial Performance - In 2022, Vanke maintained a healthy financial status despite a significant decline in the real estate market, with total cash dividends planned at RMB 8,063,272,365.72, accounting for 35.65% of the net profit attributable to shareholders [3]. - The total cash dividend, including share repurchases, will amount to RMB 9,354,814,299.04, representing 41.36% of the net profit attributable to shareholders [3]. - In 2022, the company's operating revenue increased by 11.3% year-on-year, while net profit grew by 0.4% [10]. - The company achieved a revenue of RMB 503.84 billion, representing an increase of 11.27% compared to RMB 452.80 billion in 2021 [24]. - The company's net profit attributable to shareholders was RMB 22.62 billion, a slight increase of 0.42% from RMB 22.52 billion in the previous year [24]. - The operating cash flow decreased significantly by 33.13%, totaling RMB 2.75 billion compared to RMB 4.11 billion in 2021 [24]. - The company's total assets at the end of 2022 were RMB 1.42 trillion, with a debt-to-asset ratio of 76.95%, down from 79.74% in 2021 [24]. - The company reported a basic earnings per share of RMB 1.95, reflecting a 0.65% increase from RMB 1.94 in 2021 [24]. - The company's net debt ratio stood at 43.7%, which is considered low within the industry [28]. - The average cost of new financing was 3.88% [28]. - The company achieved a net profit of RMB 37.55 billion in 2022, a year-on-year decrease of 1.4%, while equity net profit increased by 0.4% to RMB 22.62 billion [75]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 6.80 per 10 shares, subject to adjustments based on changes in total shares before the dividend record date [3]. - The board of directors has approved the dividend proposal, which will be submitted for shareholder approval at the annual general meeting [3]. - The company has not issued new shares or converted reserves into share capital for the dividend distribution [3]. Strategic Direction and Market Adaptation - Vanke's strategic direction focuses on development, operation, and service, aiming for high-quality growth amidst unprecedented market challenges [9]. - Vanke's commitment to improving operational management levels is emphasized as a key strategy for navigating market changes [9]. - The company recognizes the need for a balanced approach between safety and development, moving away from over-reliance on residential development [13]. - The company emphasizes the importance of adapting to market changes and enhancing its professional capabilities in complex project solutions [14]. - The company plans to enhance operational management quality and maintain high standards in investment, products, and services [15]. - The company aims to deepen the synergy between real estate development and property services to improve community service quality [15]. Operational Performance - The company delivered over 340,000 new homes, reinforcing consumer trust amidst market challenges [10]. - The total investment in equity projects reached 49.6 billion yuan, with nearly 90% of the invested projects realized [10]. - The company's comprehensive income from its operating services reached 51.26 billion yuan, a year-on-year increase of 23.1% [12]. - The revenue from the logistics business grew by 17.9% year-on-year, while the long-term rental apartment business maintained its industry-leading position [12]. - Property service revenue grew by 26.1%, while logistics, rental housing, and commercial real estate revenues increased by 17.9%, 12.1%, and 14.3% respectively [28]. Project Development and Construction - The company has expanded its business into logistics, rental housing, commercial development, and hotel services, aiming for sustainable development [19]. - The company plans to continue its focus on urban development services while expanding into new sectors to meet the needs of the public [19]. - The company has a total planned construction area of 2,200,000 square meters for 2022, with 1,500,000 square meters completed by the end of the year [103]. - The company has a total planned construction area of 3,000,000 square meters for 2022, with 1,500,000 square meters completed by the end of the year [104]. - The company has ongoing projects in various regions, including Taiyuan and Tianjin, with significant areas under development such as 2,700,000 square meters in Tianjin [106]. - The company plans to start construction on 1,000,000 square meters of new projects in 2023, reflecting a robust growth strategy [105]. Market Position and Recognition - The company ranked 178th in the Fortune Global 500 list in 2022, marking its seventh consecutive year on the list [19]. - The company received multiple industry awards, including the "Luban Award" and "Zhan Tianyou Award," recognizing its engineering quality [50]. - The company has a stable credit rating of "BBB+" from S&P and Fitch, and "Baa1" from Moody's, with a stable outlook [82]. Technology and Innovation - The company has developed over 80 algorithms to enhance data intelligence applications, improving operational efficiency and management levels [71]. - The company has accumulated CAD drawing recognition technology to enhance collaboration in design, engineering, and procurement functions [2]. - The company has developed a digital negotiation space and online customer service tools, achieving 157 million online customer visits through the "Easy Selection House" tool in 2022 [1]. Future Plans - In 2023, the company aims to enhance operational safety, maintain industry-leading credit ratings, and explore equity financing opportunities [94]. - The company plans to improve asset quality by enhancing management standards for commercial, office, apartment, and logistics projects, aiming to create more trade-ready assets [94]. - The logistics sector will focus on cold chain investments and expanding the national warehouse network, particularly in core cities like the Yangtze River Delta and Greater Bay Area [99]. - The rental housing management scale will be expanded, with a focus on establishing a leading advantage in high-tier cities while enhancing operational levels [100].

Dividend and Profit Distribution - The total cash dividend proposed for 2022 is RMB 8,063,272,365.72, accounting for 35.65% of the net profit attributable to shareholders [2]. - The total cash dividend, including share repurchase, will amount to RMB 9,354,814,299.04, representing 41.36% of the net profit attributable to shareholders [2]. - The company repurchased 72,955,992 A-shares at a cost of RMB 1,291,541,933.32, which is treated as part of the cash dividend for 2022 [2]. - The total number of shares for dividend calculation is 11,857,753,479, excluding treasury shares [2]. Financial Reporting and Audit - The financial report has been audited by KPMG and received a standard unqualified opinion [2]. - The board of directors guarantees the truthfulness, accuracy, and completeness of the financial report, with no false records or major omissions [2]. - The financial report is prepared in accordance with International Financial Reporting Standards, with the English version being authoritative in case of discrepancies [3]. Company Performance and Growth - In 2022, the company achieved an operating revenue growth of 11.3% year-on-year, reaching a total of 512.6 billion RMB [9]. - Net profit increased by 0.4% year-on-year, indicating resilience amidst a challenging market environment [9]. - The company delivered over 340,000 new homes, reinforcing consumer trust in the brand [9]. - The total investment in new projects amounted to 49.6 billion RMB, with a nearly 90% realization rate for invested projects [9]. - The company's comprehensive service business generated a revenue of 51.26 billion RMB, reflecting a year-on-year growth of 23.1% [11]. - The revenue from Wanwu Cloud surpassed 30 billion RMB, marking a successful spin-off listing [11]. - Logistics business revenue grew by 17.9% year-on-year, showcasing operational efficiency [11]. - The long-term rental apartment business maintained its industry-leading position, managing 215,000 rental units, including 59,000 affordable housing units [11]. Market Challenges and Risks - Sales amount and gross profit levels experienced a decline, posing challenges for future performance [11]. - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments, urging investors to be aware of risks [3]. - The report details the main risks faced by the group and the corresponding countermeasures [3]. - The company recognizes the shift towards rational housing demand and the need for improved product quality and services in a competitive market [12]. Debt Management and Financial Health - The company optimized its debt structure, increasing the proportion of long-term liabilities and reducing new financing costs [9]. - The company's total assets at the end of 2022 were RMB 1.42 trillion, while total liabilities were RMB 1.08 trillion, resulting in a debt-to-asset ratio of 76.95% [24]. - The net debt ratio increased to 43.68%, up by 13.99 percentage points from 29.69% in the previous year [24]. - The company continues to optimize its debt structure, increasing the proportion of long-term debt to 79.5%, with an average cost of new financing at 3.88% [28]. - The company reported a significant decrease in cash flow from operating activities by 33.13% to RMB 2.75 billion, down from RMB 4.11 billion in 2021 [23]. Strategic Focus and Future Plans - The company aims to maintain high-quality investments, prioritizing projects with stable markets and high safety margins [14]. - The company is focusing on enhancing operational management levels to promote future development through high-quality services [14]. - The company is actively expanding into logistics, long-term rental apartments, and commercial sectors to solidify its leading position in these areas [14]. - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth [23]. - The company aims to enhance operational efficiency by improving resource conversion and optimizing production capacity, focusing on professional collaboration and development efficiency to contribute more positive cash flow and restore profitability [89]. Urban Development and Real Estate Projects - The company emphasizes the importance of urban renewal and effective utilization of existing real estate assets in response to changing consumption habits [12]. - The company has established a comprehensive real estate layout and has begun to develop professional capabilities to address large and complex projects [13]. - The company is committed to long-term operational services in real estate, which are expected to contribute directly to urban economic growth [12]. - The company has a total planned construction area of 4,000,000 square meters for 2023, with 2,000,000 square meters expected to be completed by the end of the year [95]. - The company is focusing on expanding its market presence in the Beijing and Tangshan regions with multiple ongoing projects [96]. Technology and Innovation - The company developed over 80 algorithms to enhance data intelligence applications, improving operational efficiency and management levels [64]. - The company is investing in new technology for project management, aiming to improve efficiency by 15% in the upcoming year [115]. - The company plans to enhance its asset quality and explore innovative tools such as REITs to improve operational returns on various projects [88]. Customer Engagement and Service Excellence - The company is focusing on creating a positive reputation through service excellence and improving operational returns [14]. - The company's online platform registered 2.7 million users, marking a 42% year-on-year increase [56]. - The online customer service tool "Easy Selection" attracted 157 million visits in 2022, enhancing digital marketing capabilities [65].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該等內 容而引致的任何損失承擔任何責任。 CHINA VANKE CO., LTD.* 萬科企業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2202） 2022 年第三季度報告 萬科企業股份有限公司（「本公司」或「公司」或「萬科」）董事會（「董事會」）謹此宣佈本公司及附屬公司 （統稱「本集團」）截至2022年9月30日止三個月及九個月期間按照國際財務報告準則編製的未經審核季 度報告（「本季度報告」或「本報告」）。本公告乃根據香港法例第571章《證券及期貨條例》第XIVA部內 幕消息條文及《香港聯合交易所有限公司證券上市規則》第13.09條及第13.10B條的要求做出。 §1 重要提示 1.1 本公司董事會、監事會及董事（「董事」）、監事、高級管理人員保證本報告所載內容的真實、準 確、完整，不存在虛假記載、誤導性陳述或者重大遺漏，並承擔個別及連帶的法律責任。 1.2 公司第十九屆董事會第二十一次會議（「本次會議」）審議並 ...