Zheng Quan Shi Bao·2025-11-02 10:44Core Points - Vanke A (000002) signed a framework agreement with its largest shareholder, Shenzhen Metro Group, on November 2, 2023, regarding shareholder loans and asset guarantees [1] - The agreement allows Shenzhen Metro Group to provide a loan limit of up to 22 billion yuan to Vanke from 2025 until the annual shareholders' meeting in 2025 [1] - As of now, Shenzhen Metro Group has provided unsecured loan contracts amounting to 20.373 billion yuan, with actual withdrawals of 19.71 billion yuan [1] Financial Performance - For the first three quarters, Vanke reported revenue of 161.39 billion yuan and delivered over 74,000 high-quality homes, with sales exceeding 100 billion yuan [1] - However, the company recorded a net loss of 28.016 billion yuan during the same period [1]