Core Viewpoint - Vanke's new generation of comprehensive residential products has gained market recognition, achieving significant sales and operational performance despite industry challenges [1][2]. Group 1: Financial Performance - In the first three quarters, Vanke achieved revenue of 161.39 billion and sales income of 100.46 billion, with over 74,000 high-quality deliveries [1]. - The operating service business generated revenue of 43.57 billion in Q3, maintaining a leading position in the industry [1][3]. - Vanke's cumulative optimization and new capacity reached 17.84 billion through systematic revitalization of existing resources [1][2]. Group 2: Market Recognition and Sales - Vanke's innovative products have been well-received, with several projects achieving "immediate sales upon opening," including record sales in first-tier cities [2]. - During the recent Golden Week holiday, Vanke achieved a subscription amount of 4.77 billion, exceeding the target by 137%, with multiple projects ranking first in local sales [2]. - The Shanghai Gaofuyun project sold all 25 units priced between 130 million and 170 million, surpassing the total sales in that price segment across Shanghai [2]. Group 3: Urban Development and Service Growth - Vanke has been actively involved in urban renewal projects, creating high-impact urban landmarks in various cities, such as Guangzhou and Shenzhen [3]. - The operating service business saw a revenue increase of 1.1% year-on-year, with property management and rental services also showing growth [3]. - Vanke is exploring innovative logistics solutions in collaboration with partners, including the implementation of "rail transit + robot delivery" scenarios [3].

Group 1 - Wang Shi, the founder of Vanke, is attempting to establish smooth communication with the decision-making team to ensure a stable transition and protect the interests of investors, partners, and employees [1] - Wang Shi acknowledges his deep connection with Vanke, stating that he is responsible for the company he founded, the systems he established, and the team he cultivated [1] - As of now, Wang Shi holds the title of Honorary Chairman of the Board at Vanke and is 74 years old [3] Group 2 - In June 2017, Vanke announced a new board of directors, with Wang Shi deciding not to be nominated as a board member, emphasizing the company's transition to a mixed-ownership model [5] - In January 2023, Vanke's management team underwent adjustments due to significant projected losses for 2024, leading to the appointment of Xin Jie as the new Chairman of the Board [6] - Vanke's Q1 report for 2023 showed nearly 38 billion in revenue, over 35 billion in sales, and a repayment rate exceeding 100%, with over 10,000 high-quality housing deliveries [6]