Core Viewpoint - The company expresses confidence in the recovery of the real estate market, supported by policy guidance and financial backing, and aims to optimize its business layout and structure adjustments to promote a healthy development cycle [1][3][5]. Group 1: Financial Performance - In the previous year, the company achieved revenue exceeding 340 billion yuan, with comprehensive residential business sales surpassing 240 billion yuan and a sales collection rate of 100%, delivering over 180,000 high-quality homes [3]. - The company has successfully completed the repayment of 16.5 billion yuan in public debt and has no overseas public debt for the year [1][6]. - The company reported a cumulative activation of sellable assets exceeding 70 billion yuan, resulting in new sales exceeding 20 billion yuan [3]. Group 2: Business Strategy - The company has resumed land acquisition, successfully obtaining two plots in Zhengzhou and Wuhan for a total cost of 999.7 million yuan [1][6]. - The management emphasizes a systematic approach to activating existing resources and upgrading product offerings, creating a positive cycle of "activation—product upgrade—hot sales—reinvestment" [3]. - The company plans to focus on its advantageous business areas, enhance operational quality, and leverage new productive forces to maintain its industry-leading position [3][4]. Group 3: Future Outlook - The company anticipates continued support from policies and financial institutions, which will help stabilize the real estate market and enhance operational stability [5]. - The company aims to maintain positive operating cash flow through accelerated sales collection and dynamic management of development pace [6]. - The company is exploring market-based strategies such as asset securitization to realize asset value and supplement liquidity as needed [6][7].
万科：开发业务回归正轨