Shang Hai Zheng Quan Bao·2025-10-30 14:29Core Viewpoint - Vanke A (万科A) announced that its largest shareholder, Shenzhen Metro Group (深铁集团), will provide a loan of up to 2.2 billion yuan to repay the company's bond principal and interest [2]. Group 1: Loan Details - Shenzhen Metro Group has cumulatively provided loans totaling 26.93 billion yuan to Vanke A, excluding the current loan [6]. - Since the annual shareholders' meeting on June 27, 2025, Shenzhen Metro Group has provided various loans, including: - New loans of 6.249 billion yuan - Loan extensions of 890 million yuan - New loans of 869 million yuan with asset pledges - New loans of 1.189 billion yuan (with a board-approved limit of 1.681 billion yuan) - New loans of 2.064 billion yuan - New loans of 989 million yuan - Pledged Vanke Cloud equity as collateral for existing loans of 1.551 billion yuan [6][7]. Group 2: Financial Performance - For the first three quarters of 2025, Vanke A reported a total revenue of 161.39 billion yuan, a year-on-year decrease of 26.61% [7]. - The net profit for the same period showed a loss of 28.02 billion yuan [7]. - In the third quarter alone, the company recorded a revenue of 56.07 billion yuan, down 27.30% year-on-year, with a net loss attributable to shareholders of 16.07 billion yuan, indicating a continued decline in performance [7]. Group 3: Shareholding Structure - As of the end of the reporting period (third quarter), Central Huijin Investment held approximately 185 million shares of Vanke A, remaining unchanged [7]. - The largest shareholders include: - Shenzhen Metro Group: 3,242,810,791 shares - HKSCC Nominees Limited: 2,206,364,182 shares - Central Huijin Asset Management: 185,478,200 shares [8].