Zhong Guo Jing Ying Bao·2025-10-13 04:25Core Points - Vanke's chairman, Xin Jie, resigned for personal reasons and will no longer hold any position in the company [1] - Huang Liping has been elected as the new chairman and legal representative of Vanke [1] - Xin Jie was seen as a "firefighter" brought in to stabilize the company amid management changes [2] Management Changes - Xin Jie submitted his resignation on October 12, 2025, and it became effective immediately [1] - Huang Liping, born in 1968, has been a board member since June 2021 and is currently the general manager of Shenzhen Metro Group [1][4] - The board confirmed that Xin Jie's resignation will not affect the board's legal number of members or its normal operations [2] Financial Performance - During Xin Jie's tenure, Vanke engaged in multiple financing plans and asset disposals, with Shenzhen Metro Group providing loans totaling approximately 26 billion yuan for debt repayment [3] - Vanke reported a net loss of 10.86 billion yuan for the first half of 2025, a year-on-year decline of 27.5% [4] - The company's net debt ratio increased to 90.4%, up 9.8 percentage points from the end of 2024 [4] Future Outlook - Vanke aims to continue its reform and risk management efforts, with confidence in overcoming challenges through support from policies, financial institutions, and state-owned shareholders [5]