2 1 Shi Ji Jing Ji Bao Dao·2025-05-22 12:33Core Viewpoint - Vanke has successfully repaid all public debts so far this year, largely supported by its major shareholder, Shenzhen Metro Group [1][2][5] Group 1: Financial Support and Borrowing - Vanke signed a loan agreement with Shenzhen Metro Group for up to RMB 4.2 billion, with a loan interest rate of 2.34% and a term of 3 years [2][3] - This is the second time Vanke has pledged its Wanwu Cloud stock as collateral for loans from Shenzhen Metro Group this year, with a collateral rate of 70% [2][3] - Vanke has received nearly RMB 12 billion in loans from Shenzhen Metro Group this year, including a recent loan of RMB 1.552 billion to help repay public market bonds [3][5] Group 2: Debt Repayment and Financial Performance - Vanke has completed the repayment of five domestic public debts totaling RMB 9.89 billion this year, and has also paid off a USD 423 million bond with a 3.15% interest rate [5] - The company reported revenue of nearly RMB 38 billion and sales of nearly RMB 35 billion in the first quarter, achieving a repayment rate exceeding 100% [4][5] Group 3: Strategic Cooperation and Business Development - Vanke and Shenzhen Metro Group have expanded their cooperation into housing rental, signing a framework agreement to enhance their collaboration in long-term rental apartments [6] - The strategic partnership is seen as a significant endorsement of Vanke's long-term rental business by its major shareholder, reflecting confidence in Vanke's recovery and growth [6]