Core Viewpoint - Vanke achieved significant financial performance in Q1 2025, with strong support from stakeholders and a comprehensive reform plan, indicating a positive trajectory for the company [1][2]. Financial Performance - Vanke reported Q1 2025 revenue of 37.995 billion yuan, with over 10,000 high-quality housing deliveries [1]. - The company achieved a sales amount of 34.92 billion yuan, with a repayment rate exceeding 100% [1]. - All public debts were repaid on time, and bulk transactions amounted to 3.8 billion yuan, unlocking over 4 billion yuan in cash flow [1]. Business Development - Vanke's comprehensive residential products received market recognition, with the Guangzhou Ideal Huadi project leading in both sales volume and sales amount in the main urban area [1]. - Projects in Shanghai, Hangzhou, and Tianjin achieved a de-stocking rate exceeding 80% [1]. - The long-term rental apartment business maintained industry-leading scale and efficiency, with asset quality recognized by the market [1]. Strategic Partnerships - Vanke's long-term rental apartment brand, "Boyu," signed a cooperation framework agreement with Shenzhen Metro Property Group to enhance integration in the housing rental sector [3]. - The partnership aims to leverage Shenzhen Metro's asset advantages and Vanke's brand influence in the rental market [3]. Service Business Growth - Vanke's property management segment saw a new project annualized revenue growth of over 50% year-on-year, introducing an elastic pricing service model [2]. - The commercial business experienced steady growth in foot traffic and sales, with a 97% occupancy rate achieved at the newly opened Shenzhen iN City Plaza [2]. - The logistics business led the industry in occupancy rates, with cold chain revenue showing double-digit year-on-year growth [2]. Financial Support - Shenzhen Metro Group plans to provide Vanke with a 3.3 billion yuan shareholder loan at a rate of 2.34%, significantly lower than the national interbank lending rate [2]. - The support from Shenzhen Metro Group has been consistent through various means, including bulk transactions and REITs subscriptions, demonstrating confidence in Vanke's recovery [2][3].

Core Viewpoint - Vanke is actively implementing a comprehensive reform and risk management strategy, achieving significant financial results in Q1 2025, including nearly 38 billion in revenue and over 35 billion in sales [1][2] Financial Performance - Vanke reported nearly 38 billion in revenue and approximately 35 billion in sales for Q1 2025, with a repayment rate exceeding 100% [1] - The company successfully delivered over 10,000 high-quality housing units and completed all public debt repayments on schedule [1] - Vanke executed bulk transactions worth 3.8 billion, revitalizing over 4 billion in cash flow [1] Market Recognition and Product Innovation - Vanke's innovative residential products received market recognition, with the "Ideal Flower Land" project becoming the top-selling project in Guangzhou in terms of both units sold and sales amount [2] - Projects in Tianjin and Hangzhou sold out immediately upon launch, indicating strong market demand [2] Long-term Rental Business - Vanke leads the industry in long-term rental business scale, efficiency, and insurance coverage [2] - The long-term rental Pre-REIT fund attracted investments from well-known institutions such as CITIC [2] - A strategic partnership was established between Vanke's rental business and Shenzhen Metro Group to explore integrated development [2] Property Management and Commercial Operations - Vanke's property management division achieved over 50% annual revenue growth from newly acquired projects and introduced an elastic pricing service model [2] - The commercial business experienced steady growth in foot traffic and sales, providing light asset operation services to major institutional owners like GIC and Blackstone [2] - The Shenzhen iN City Plaza, a stock renovation project, opened on the same day as the quarterly report with a 97% occupancy rate [2] Logistics and Technological Innovation - Vanke's logistics business boasts industry-leading occupancy rates, with double-digit growth in cold chain revenue [2] - The company has secured nearly 300 national patents and some key technologies have been recognized at top international AI academic conferences [2] - Vanke received the highest national award in building technology, the "Huaxia Award" [2] Industry Outlook - The real estate market is showing signs of recovery in Q1, and Vanke's innovative efforts in products and services have received positive market feedback [2] - The future of real estate is expected to focus on "good houses and good services," providing Vanke with more development opportunities [2]

万科企业股份有限公司 关于拟变更会计师事务所的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-055 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。 特别提示： 1、原聘任的会计师事务所：毕马威华振会计师事务所（特殊普通合伙）和 毕马威会计师事务所（以下合称"毕马威"） 2、拟聘任的会计师事务所：德勤华永会计师事务所（特殊普通合伙）和德 勤•关黄陈方会计师行（以下合称"德勤"）。 3、变更原因：毕马威已连续超过20年为公司提供审计服务，根据财政部、 国务院国资委、证监会印发的《国有企业、上市公司选聘会计师事务所管理办法》 的相关精神，为进一步提升上市公司审计工作的独立性和客观性，公司拟变更 2025年度会计师事务所。毕马威在为公司提供审计服务期间，勤勉、尽责、切实 履行了会计师事务所应尽的职责，公司对其多年来的辛勤工作和良好服务表示感 谢。 本次变更会计师事务所符合《国有企业、上市公司选聘会计师事务所管理办 法》（财会〔2023〕4号）的规定。 万科企业股份有限公司（以下简称"公司"）第二十届董事会第十六次会 ...

万科企业股份有限公司 关于深铁集团向公司提供 33 亿元借款暨关联交易的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-056 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、关联交易概述 1、万科企业股份有限公司（以下简称"公司"或"万科"）第一大股东深 圳市地铁集团有限公司（以下简称"深铁集团"）拟向公司提供借款（以下简称 "股东借款"），借款金额为33亿元。 2、截至目前，深铁集团持有公司27.18%股权，深铁集团构成公司的关联方。 根据《深圳证券交易所股票上市规则》等相关规定，本次借款构成公司应披露的 关联交易。 3、公司第二十届董事会第十六次会议于2025年4月29日审议通过了《关于深 铁集团向公司提供33亿元借款的议案》，关联董事辛杰、黄力平、雷江松对关联 交易事项回避表决。本次交易已经公司第二十届董事会独立董事专门会议第七次 会议审议通过。 4、本次关联交易不构成《上市公司重大资产重组管理办法》规定的重大资 产重组或重组上市，无需经过有关部门批准。 二、关联方的基本情况 公司名称：深圳市地铁 ...

万科企业股份有限公司 关于出售 A 股库存股计划的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 一、公司已回购股份基本情况 万科企业股份有限公司（以下简称"公司"或"本公司"）于2022年3月30日 召开第十九届董事会第十五次会议，审议通过《关于回购公司部分A股股份的议 案》，同意公司为维护公司价值及股东权益，使用自筹资金以集中竞价方式回购 公司人民币普通股（A 股），回购期限为自公司董事会审议通过回购股份方案之 日（即2022年3月30日）起3个月内，回购的股份将全部用于出售。 2022年6月30日，回购A股股份的期限届满，公司以集中竞价方式共计回购公 司A股72,955,992股，占目前公司总股本（含回购的股份数）的0.61%。详见公司 于2022年7月2日披露的《关于公司A股股份回购结果暨股份变动情况的公告》。 截至本公告披露日，公司从未减持或转让上述股份。 二、本次出售A股库存股计划 公司第二十届董事会第十六次会议于2025年4月29日审议通过《关于出售A 股库存股的议案》。根据《深圳证券交易所上市公司自律监管指引第9号——回 购股份》的规定，现将出售计划公告如下： 1 ...

万科企业股份有限公司 第十一届监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 公告编号：〈万〉2025-053 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（以下简称"公司"）第十一届监事会第九次会议的 通知于2025年4月16日以电子邮件的方式书面送达各位监事。本次会议于2025年 4月29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。会议的召开符合有关法规和《公司章程》的规定。 一、审议事项 本次会议分别以3票同意、0票反对、0票弃权审议通过以下议案： 1、2025年第一季度报告及财务报表 2、关于选聘2025年度会计师事务所的议案 其中，议案2尚需提交股东大会审议。 特此公告。 万科企业股份有限公司 监事会 二〇二五年四月二十九日 二、审核意见 经审核，监事会认为董事会编制和审议《公司2025年第一季度报告》的程序 符合法律、行政法规及中国证券监督管理委员会的规定，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 ...

万科企业股份有限公司 第二十届董事会第十六次会议决议公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-052 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（以下简称"公司"）第二十届董事会第十六次会议 （以下简称"本次会议"）的通知于2025年4月15日以电子邮件的方式书面送达 各位董事。本次会议于2025年4月29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10名，亲自及授权出席董事10名，其中黄力平董事因公务原因未能 亲自出席本次会议，授权辛杰董事代为出席会议并行使表决权；林明彦独立董事 因公务原因未能亲自出席本次会议，授权廖子彬独立董事代为出席会议并行使表 决权。董事会主席辛杰主持会议，公司全体监事、部分高级管理人员列席了会议。 本次会议的召开符合有关法规及《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《2025年第一季度报告及财务报表》 详见公司同日在巨潮资讯网（www.cninfo.com.cn）登载的《2025 年第一季度 报告 ...

Group 1 - Vanke reported a revenue of nearly 38 billion and sales of nearly 35 billion in Q1, achieving a repayment rate of over 100% and delivering over 10,000 high-quality homes [2] - The major shareholder, Shenzhen Metro Group, plans to provide a loan of 3.3 billion at a rate of 2.34%, significantly lower than the national interbank lending rate, to support Vanke in repaying public debts [2] - Vanke's comprehensive residential product model has gained recognition, with projects like "Ideal Land" in Shanghai achieving top sales in both amount and area [3][4] Group 2 - Vanke's new projects have seen strong sales across multiple cities, with notable performance in Shanghai, Hangzhou, Tianjin, and Dongguan, achieving high sales rates [4] - The long-term rental apartment business remains industry-leading in scale and efficiency, with significant growth in annual revenue for property management services [4] - Vanke is embracing AI technology, having obtained nearly 300 national patents and innovating in project management and construction efficiency, which is expected to enhance market competitiveness [5]

Core Viewpoint - Vanke is actively implementing a comprehensive plan for reform and integration development, supported by its major shareholder, Shenzhen Metro Group, achieving significant financial results in Q1 2023. Group 1: Financial Performance - Vanke reported nearly 38 billion in revenue and approximately 35 billion in sales for Q1 2023, with a repayment rate exceeding 100% and over 10,000 high-quality housing deliveries [1] - The company completed a bulk transaction worth 3.8 billion and revitalized cash flow exceeding 4 billion [1] Group 2: Long-term Rental Apartment Business - Vanke's long-term rental apartment brand, "Boyu," signed a cooperation framework agreement with Shenzhen Metro Group to enhance integration in the housing rental sector [1] - The long-term rental business has become a leading player in the rental housing market, managing over 260,000 units and maintaining a rental rate of nearly 95% [2] - The business has received recognition from over 5,700 corporate clients, including major companies like Tencent and BYD [2] Group 3: Innovation and Market Recognition - Vanke's comprehensive residential product innovation has been recognized, with the "Ideal Flower Land" project achieving the highest sales in Guangzhou's main urban area [3] - The property management segment saw an annual revenue growth of over 50% and introduced an elastic pricing service model [3] - Vanke has obtained nearly 300 national patents and has been recognized with the highest national award in building technology, the "Huaxia Award" [3]

Core Viewpoint - Vanke reported strong financial performance in Q1, with significant revenue and sales growth, alongside successful project deliveries and strategic partnerships [1] Financial Performance - The company achieved nearly 38 billion in revenue and approximately 35 billion in sales during the first quarter [1] - The repayment rate exceeded 100%, indicating strong cash flow management [1] - Over 10,000 high-quality housing units were delivered in Q1, and all public debts were repaid on schedule [1] - A large transaction of 3.8 billion was completed, enhancing cash flow by over 4 billion [1] Sales and Market Performance - Vanke's new generation of comprehensive residential products saw strong sales across multiple cities, with the "Ideal Flower Land" becoming the sales champion in Guangzhou's main urban area [1] - The project turnover rate exceeded 80% in cities like Shanghai, Tianjin, and Hangzhou [1] Business Segments - The long-term rental business leads the industry in scale, efficiency, and insurance volume [1] - A strategic partnership was established with Shenzhen Metro Real Estate to explore integrated development [1] - Vanke Property's new stock project annual revenue growth exceeded 50% [1] - The commercial light-asset operation service has gained recognition from notable institutions such as GIC and Blackstone [1] - The logistics business boasts industry-leading rental rates, with cold chain revenue experiencing double-digit growth [1] Innovation and Technology - The company has consistently focused on independent innovation, accumulating nearly 300 technology patents to date [1]