Core Viewpoint - Vanke has entered a "good housing" era, achieving significant sales and operational stability in the first half of the year, supported by strong backing from major shareholders and innovative business strategies [1][5][6]. Group 1: Sales and Financial Performance - In the first half of the year, Vanke achieved sales revenue of 69.1 billion, with over 45,000 high-quality deliveries and a sales collection rate exceeding 100% [1]. - Multiple projects in various cities experienced high sales rates, with opening absorption rates exceeding 80% in cities like Shanghai, Hangzhou, and Tianjin [2]. - Vanke has revitalized 64 projects this year, generating a saleable value of approximately 78.5 billion, leading to over 20 billion in new sales [2]. Group 2: Innovation and Technology - Vanke has actively responded to the central government's "good housing" initiative by continuously upgrading its "three good" product system, which has gained market recognition [2]. - The company has obtained nearly 300 national patents and has been recognized with the highest awards in the construction technology field, showcasing its commitment to innovation [2]. Group 3: Business Operations and Strategic Collaborations - Vanke's long-term rental apartment business leads the industry in scale and efficiency, with an occupancy rate exceeding 93% and a gross operating profit margin close to 90% [3]. - The company has launched a pilot project for autonomous delivery using robots in the Shenzhen subway, significantly improving delivery efficiency for subway merchants [4]. - Vanke is enhancing its asset exit channels, including the establishment of a housing rental fund in collaboration with well-known institutions [3]. Group 4: Market Confidence and Support - The company has stabilized its operations and market confidence through strengthened management and support from major shareholders, leading to a recovery in project resources and product strength [5][6]. - The collaboration with major shareholders has extended to industrial synergy and integrated development, further enhancing Vanke's market position [6].

Core Viewpoint - Vanke is expanding its leading position in the rental and purchase era, achieving significant revenue and sales growth while maintaining industry-leading performance in long-term rental apartments [1][2] Group 1: Financial Performance - Vanke reported a revenue of 340 billion and sales exceeding 240 billion for the year 2024 [1] - The company delivered over 180,000 high-quality units, leading the industry in large transactions [1] Group 2: Long-term Rental Business - Vanke's long-term rental apartment business is performing exceptionally well, with a management scale of approximately 260,000 units and over 120,000 units under national policy protection, leading among market entities [1] - The occupancy rate of Vanke's rental properties exceeds 95%, with a front-end GOP profit margin of 90% [1] Group 3: Customer Satisfaction and Loyalty - Customer satisfaction for Vanke's long-term rental business has consistently remained above 95%, with a renewal rate of about 60% for existing customers [1] - The company has received recognition from over 5,000 corporate clients, including well-known companies like Tencent, BYD, and DJI [1] Group 4: Strategic Developments - Vanke has successfully implemented a "stock activation" development model, revitalizing nearly 15,000 existing rental units in 2024, including around 7,000 units from its own inventory [1] - The management team has been adjusted and strengthened, leading to stable operations and positive progress across various business areas, including the approval of 79 whitelist projects [2]