Xin Lang Cai Jing·2025-11-25 07:59Group 1 - Vanke A has completely sold its shares in Beike, marking the end of its investment relationship that began in 2017 [1] - The initial investment in Beike was 3 billion yuan, with 2.6 billion yuan allocated to Chain Home and 400 million yuan to other companies within the Chain family [1] - Beike was established in 2018 as a technology-driven housing service platform, integrating various real estate services [1] Group 2 - In the third quarter report for 2025, Vanke reported a revenue of 161.39 billion yuan, a year-on-year decrease of 26.61% [2] - The net profit attributable to shareholders was -28.02 billion yuan, down 56.14% year-on-year, with a basic earnings per share of -2.36 yuan [2] - The company attributed its losses to a decline in development business settlement scale, low gross margins, and additional provisions for inventory depreciation [3] Group 3 - Vanke's management indicated plans to improve operations and management, and to engage in capital operations to divest non-core assets to enhance cash flow and debt structure [3]