万科股价大跌

Core Viewpoint - Vanke's stock price has significantly declined following the resignation of Chairman Xin Jie, raising concerns about the company's future and its major shareholder's financial health [1][6][19] Group 1: Stock Performance - On October 13, Vanke's stock price fell sharply, with Hong Kong shares dropping by 3.07% to HKD 5.05 per share and A-shares down 2.67% to CNY 6.57 per share [1][6] - Vanke A's total market capitalization as of October 13 was CNY 783.85 billion, having shrunk by over 20% in the past year [6][19] Group 2: Management Changes - Xin Jie submitted his resignation as Chairman on October 12, citing personal reasons, and will not hold any position in the company post-resignation [6][9] - Huang Liping has been elected as the new Chairman, bringing familiarity with the company and a background in the Shenzhen Metro Group [6][13][16] Group 3: Financial Support and Challenges - Shenzhen Metro Group, Vanke's largest shareholder, has provided substantial financial support, totaling CNY 259.41 billion in loans this year, with a low interest rate of 2.34% [6][17] - Despite the support, Shenzhen Metro Group reported a significant loss of CNY 334 billion in 2024, raising questions about its ability to continue supporting Vanke [6][17][19] Group 4: Operational Adjustments - Under Xin Jie's leadership, Vanke underwent significant organizational changes, including the restructuring of its regional companies into 16 new regional offices [12][19] - Vanke has achieved a revenue of CNY 1,053 billion in the first half of the year, with a sales return rate of 100% and a high project turnover rate [19]