Core Viewpoint - Vanke has successfully sold all 72.956 million shares of treasury stock within three trading days, raising a total of 479 million yuan, with an average transaction price of 6.57 yuan per share, significantly lower than the repurchase price range of 17.01 to 18.27 yuan per share from 2022, indicating a valuation restructuring in the real estate industry and Vanke's liquidity pressures [2][5][6]. Group 1: Stock Sale Details - The stock sale was completed from June 10 to June 12, with a total of 72.956 million A-shares sold [2]. - The total funds raised from the sale amounted to 479 million yuan, with an average price of 6.57 yuan per share, and a price range during the sale from 6.48 to 6.72 yuan [2][5]. - The shares sold represent 0.61% of Vanke's total share capital, which was originally repurchased under a plan approved in March 2022 [5]. Group 2: Financial Context - The treasury stock was repurchased at a cost of 1.292 billion yuan, with the repurchase price significantly higher than the current sale price, reflecting a price difference exceeding 60% [5]. - Vanke's financial situation is under pressure, with a projected total revenue of 343.176 billion yuan for 2024, a year-on-year decline of 26.32%, and a net profit loss of 49.478 billion yuan [7]. - The company's asset-liability ratio stands at 73.66%, indicating high leverage [7]. Group 3: Strategic Measures - Vanke is implementing a comprehensive plan for business restructuring and risk mitigation, focusing on cost-cutting and core business operations [8]. - In the first quarter of 2025, Vanke delivered 10,400 housing units, achieving sales of 34.92 billion yuan, with a repayment rate exceeding 100% [8]. - The company has received substantial support from its largest shareholder, Shenzhen Metro Group, which has provided a total of 14.852 billion yuan in loans this year to assist with debt repayments [8].
万科“回血”4.79亿元