Xin Lang Cai Jing·2025-11-12 02:37Core Viewpoint - Vanke A has received a loan of up to 1.666 billion yuan from its largest shareholder, Shenzhen Metro Group, to repay bond principal and interest, reflecting shareholder support and favorable loan terms [1][2]. Group 1: Loan Details - The loan from Shenzhen Metro Group has a term of no more than 3 years and an interest rate of 2.34%, which is 66 basis points below the 1-year Loan Prime Rate (LPR) [1]. - Since the beginning of 2025, Shenzhen Metro Group has provided a total of 29.13 billion yuan in loans to Vanke, and including the current loan, the total will reach 30.996 billion yuan [1][2]. Group 2: Financial Performance - Vanke reported a revenue of 56.07 billion yuan in Q3, a year-on-year decline of 27.3%, and a net loss attributable to shareholders of 16.07 billion yuan, which is an increase in loss by 98% compared to the previous year [2]. - For the first three quarters of the year, Vanke's total revenue was 161.39 billion yuan, down 26.61% year-on-year, with a net loss of 28.02 billion yuan, indicating that the Q3 loss exceeded the total loss of the first half of the year [3].