商业业务方面，上半年客流、销售、坪效等关键指标稳步增长，整体出租率超93%，已与超过12000家 品牌建立良好合作；物流业务出租率保持行业领先，持续提升运营能力，上半年库内运营、运输等服务 收入同比增长43%，并聚焦重点行业做深做透，实现超15家茶饮咖啡行业头部品牌客户突破。 经营服务业务方面，万物云上半年实现营收约182亿元(含向万科提供服务的收入)，保持行业领先的存 量住宅市场拓展能力，通过业内首创"弹性定价"模式拓展项目超20个，同时聚焦商企优质客户，在八大 重点行业新签项目年收入超10亿元。 长租公寓方面，万科进一步扩大管理规模，巩固领先地位，业务规模、效率、纳保量保持行业第一，运 营管理超27万间，超13万间房源纳入保障性租赁住房，服务企业客户超6200家，上半年运营盘活万科及 外部国资国企存量房源超8300间。 本报讯(记者李昱丞)8月22日晚间，万科企业股份有限公司(以下简称"万科")发布2025年半年报。公司 2025年上半年实现营收1053.23亿元，高质量交付超4.5万套房；销售收入达691.1亿元，销售回款率超 100%，多地项目开盘去化率超九成；完成大宗交易签约金额超60亿元。同时，上 ...

Core Viewpoint - Vanke acknowledges facing operational difficulties in 2024 but expresses confidence in overcoming these challenges due to supportive policies and strong operational performance [1][2] Financial Performance - In 2024, Vanke achieved revenue exceeding 340 billion, with comprehensive residential business sales surpassing 240 billion, maintaining a sales collection rate of 100% and delivering over 180,000 high-quality homes [1] - In Q1 2025, Vanke reported nearly 38 billion in revenue and around 35 billion in sales, with a collection rate exceeding 100% [2] - Vanke's debt management includes 948 billion in new financing and refinancing in 2024, with a comprehensive cost of 3.54% [2] Debt Management - Vanke completed the repayment of approximately 197 billion in domestic and foreign public bonds in 2024, with over 160 billion repaid since 2025 [2] - As of 2025, Vanke has 14 bonds maturing within a year, totaling approximately 285.4 billion [2] Business Development - Vanke has developed a systematic approach to revitalizing existing resources, generating over 200 billion in new sales from revitalized sellable assets worth over 700 billion [3] - The property management segment generated over 36 billion in revenue, with a year-on-year growth of 8.9% [3] Property Management and Rental Business - Vanke's rental housing management scale reached 262,000 units, with a rental rate of 95.6% and a customer satisfaction rate exceeding 95% [4] - The company has successfully revitalized over 14,600 units through a "sale to rent" strategy [4] Commercial and Logistics Performance - Vanke's commercial segment opened over 10 million square meters of retail space, with a 94% presence in first and second-tier cities [5] - The logistics and warehousing segment achieved 39.7 billion in revenue, with a high-standard warehouse occupancy rate of 87% [6]