Nan Fang Du Shi Bao·2025-10-13 04:51Core Viewpoint - Vanke's stock price experienced a significant decline following the announcement of a major personnel change, with the company facing challenges related to leadership and financial performance [1][4]. Group 1: Stock Performance - On October 13, Vanke's stock in Hong Kong opened down 4.61% and fell over 6% at one point, closing at 4.96 HKD per share, a decline of 4.8% [1][2]. - The A-share of Vanke also opened lower, with a drop of 3.11%, closing at 6.54 CNY per share [1][2]. - As of October 13, Vanke A's total market capitalization was 780.27 billion CNY, having shrunk over 20% in the past year [6]. Group 2: Leadership Changes - Vanke announced that its chairman, Xin Jie, submitted a resignation letter on October 12, effective immediately, citing personal reasons [4]. - Xin Jie will no longer hold any position within the company, and the board emphasized that his resignation would not affect the company's daily operations or board functions [4]. - Huang Liping was elected as the new chairman, who is familiar with the company and is expected to ensure continuity and stability [4]. Group 3: Financial Concerns - During Xin Jie's tenure, Vanke faced significant financial challenges, with a reported loss of 11.95 billion CNY in the first half of 2025 [5]. - The company underwent structural changes, including the cancellation of regional levels and leadership changes in core departments [5]. - The market is concerned about the continuation of financial support from the major shareholder, Shenzhen Metro Group, which has faced its first loss in ten years, amounting to 33.4 billion CNY in 2024 [5].