编辑丨苏木 文丨苏木 本文陈述所有内容皆有可靠信息来源，赘述在文章结尾 谁能想到，昔日模范生万科，竟以惊心动魄的方式走向悬崖边缘？ 董事长辛杰神秘失联，总裁祝九胜被采取强制措施，万科赖以生存的外部国资信用与内部精英治理神话，几乎同时毫无征兆地碎裂。 这不只是一场债务危机，更是一场地基的彻底坍塌 地产标杆名号不保 今年一月，万科刚露危机苗头，第一大股东深圳地铁就派了自己人辛杰，空降到万科当董事长。 市场一看就懂了，这是国资下场托底啊，国家队来了万科肯定稳了！大家心里的石头总算落了地。 可剧情的走向，比黑色幽默电影还离谱，这位被寄予厚望的董事长，屁股还没把椅子坐热，就创下了"史上最短命董事长"纪录，在位才九个 月。 风暴的起点，得从一个叫"救火队长"的男人说起。 今年一月，万科刚露危机苗头，第一大股东深圳地铁就派了自己人辛杰，空降到万科当董事长。 这事儿可不光是没钱那么简单，不是单纯的债务爆雷，说白了是万科的地基塌了，它吃饭的两大靠山：外面国资给的信用背书，还有内部精 英搞的专业管理，几乎同时没了影，连点征兆都没有。 风暴的起点，得从一个叫"救火队长"的男人说起。 真正的大雷在九月十八号炸了，辛杰在深圳开完会，没 ...

Core Viewpoint - Vanke is committed to returning to healthy development through decisive actions and comprehensive efforts, achieving significant financial results and operational efficiency in the first half of 2025 [1][2][5] Financial Performance - Vanke reported a revenue of 105.3 billion and sales income of nearly 70 billion, with over 45,000 high-quality deliveries and a sales collection rate exceeding 100% [1] - The company has revitalized nearly 800 billion in saleable value since 2023, with a total of 60 billion in cash recovery from revitalization efforts [1][2] Operational Efficiency - Vanke's management and marketing expenses decreased due to lean management and comprehensive marketing strategies, while operational services revenue reached 28.4 billion, maintaining industry-leading efficiency [1][3] - The company achieved a sales gross margin of 16% with an investment realization rate of 85% for new projects since 2022 [2] Product and Service Innovation - Vanke is advancing its "good house" residential product standards, receiving positive market feedback, with project sell-through rates exceeding 90% in cities like Chengdu and Wenzhou [2] - The company has implemented technology in construction and property services, including a large model for architectural drawings and automated operations in long-term rental apartments [4] Strategic Partnerships - Vanke is enhancing collaboration with its major shareholder, Shenzhen Metro Group, exploring opportunities in housing rental, logistics, and comprehensive development [5] - The company is actively seeking to innovate and build strategic partnerships with government entities, state-owned enterprises, and industry leaders to strengthen its market position [5]