Core Insights - The introduction of property fee guidance prices in cities like Chongqing, Wuhan, and Qingdao has sparked a nationwide trend of property fee reductions, raising questions about the impact on property companies' revenues [1] - The property industry is shifting from "scale expansion" to "quality competition," with increased sensitivity to service quality and pricing among homeowners [1] - Vanke Property's "elastic pricing" model is seen as a necessary adjustment in the market, linking service standards more transparently to pricing, allowing homeowners to choose between basic and upgraded services [1] Company Performance - Vanke Property's implementation of elastic pricing in Chongqing led to a 20% increase in property fee collection rates [2] - In the first half of the year, Vanke Property secured 114 residential property projects, generating an annualized revenue of RMB 668 million, a year-on-year increase of 31.5% [2] - Wanwu Cloud reported a revenue of RMB 18.14 billion, a 3.1% year-on-year growth, and a net profit increase of 5.4%, with core net profit growing by 10.8% [2] Financial Strategy - The company anticipates further growth in revenue and core net profit for the full year, driven by elastic pricing, new business capabilities, investment-driven growth, and cost reductions through AI [2] - Concerns have been raised regarding Wanwu Cloud's operational model due to the continued use of asset offsets for debts owed by Vanke Group [2] - Wanwu Cloud has established a special task force to efficiently manage the disposal of related party assets, aiming to liquidate approximately RMB 400 million in sales-type assets over six years [3]
万物云：物业费弹性定价是市场自我调节的必然过程