Core Viewpoint - Vanke has demonstrated resilience in the face of challenges, achieving stable operations and significant sales growth in the first three quarters of the year, with a revenue of 161.39 billion and sales income of 100.46 billion, while also focusing on high-quality delivery and innovative projects [1][2]. Group 1: Financial Performance - In the first three quarters, Vanke achieved a revenue of 161.39 billion, with sales income reaching 100.46 billion and high-quality delivery of over 74,000 units [1][2]. - The company completed a large transaction signing amounting to nearly 7 billion and revitalized existing resources, resulting in a cash return of 7.1 billion [1][3]. Group 2: Product Innovation and Market Response - Vanke's innovative products have been well-received in multiple cities, leading to hot sales and recognition as a "good community" by the Ministry of Housing and Urban-Rural Development [2]. - During the recent Golden Week holiday, Vanke achieved a subscription amount of 4.77 billion, exceeding the target completion rate by 137% [2]. Group 3: Investment Strategy - Vanke adheres to a strategy focused on revitalizing existing resources as the primary approach, supplemented by precise investments, optimizing and adding capacity of 17.84 billion [3]. Group 4: Rental and Property Management Services - Vanke's operating service business generated a total income of 43.57 billion in the first three quarters, maintaining a leading position in the long-term rental apartment sector [4]. - The company has expanded its long-term rental business, with over 200,000 units opened and more than 133,000 units included in affordable rental housing [4]. Group 5: Technological Innovation - Vanke is leveraging technology to enhance its business operations, including the application of AI and smart construction techniques, with over 1,000 projects served by its innovative solutions [7]. - The company is set to launch a robot delivery system in collaboration with Shenzhen Metro, which will significantly improve delivery efficiency for subway shops [8].

响应科技创新推动产业创新，万科全力运用科技提升产品服务。在智能建造领域，万科首创的图纸大模 型及相关产品已成为行业级应用，已服务内外部项目超1000个，为近百家行业伙伴提供线上审图服务， 国家档案馆与万科合作的"建筑图纸大语言模型"已完成立项。同时，万科全面推进"AI数字工程管理平 台"在各建设项目中应用，通过无人机和360摄像头采集施工现场数据，依托计算机视觉算法，精准识别 工程建设进度，助力项目交付，已累计完成智能巡检超32万次。 目前，轨道物流与机器人配送项目已完成第二阶段的试跑测试，同时，根据测试结果启动了硬件改良与 升级工作。根据计划，项目将于今年第四季度逐步完成40台量产机器人的批量生产与交付，并在深圳地 铁的25个关键站点开展试运行。除继续服务7-Eleven地铁门店外，项目还将积极推进与餐饮、茶饮等品 牌合作进行地铁配送业务的开展。 业内人士指出，科技创新能够催生新产业（300832）、新模式、新动能，是发展新质生产力的核心要 素。目前，万科在智能建造与数字化转型等领域的探索已见成效，相关应用和实践不仅为行业提供了可 落地、可复用的技术解决方案，更推动了传统住宅开发的科技化转型。随着AI、物联 ...

值得一提的是，万科与深铁合作的全球首例"机器人自主搭乘地铁为商家配送货"的试点，目前已完成二 阶段试跑测试与硬件升级改良工作，将于四季度逐批量产交付上线。过去，地铁商铺一直存在配送货难 题，门店货物配送只能通过地面交通送至地铁站，不仅地面停车难，而且从地面运输到店内的过程，常 常遇上地铁早高峰，导致送货的时间、人力成本都较高。万科与深铁合作，通过万科旗下万纬物流集成 研发的机器人，利用地铁的空闲时间段满载补给商品，自行搭乘地铁，自主规划最优搭乘线路，为地铁 站内的商家配送货，能够显著提升配送效率，将科技有效应用于民生。 目前，轨道物流与机器人配送项目已完成第二阶段的试跑测试，同时，根据测试结果启动了硬件改良与 升级工作。根据计划，项目将于今年第四季度逐步完成40台量产机器人的批量生产与交付，并在深圳地 铁的25个关键站点开展试运行。除继续服务7-Eleven地铁门店外，项目还将积极推进与餐饮、茶饮等品 牌合作进行地铁配送业务的开展。 响应科技创新推动产业创新，万科全力运用科技赋能产品与服务。10月30日，万科发布三季报，尽管面 临诸多挑战和压力，在各方支持和自身努力下，前三季度实现营收1613.9亿，高质量交 ...

坚持在发展中化解风险，万科有了新消息。10月30日，万科发布三季报，尽管面临诸多挑战和压力，在 各方支持和自身努力下，前三季度实现营收1613.9亿，多地创新项目热销，销售收入1004.6亿，高质量 交付超7.4万套，完成大宗交易签约金额近70亿，冰雪板块已与中旅集团完成签约。此外，万科还通过 盘活存量资源回款71亿。经营服务业务方面，前三季度实现收入435.7亿，经营服务效益持续保持行业 前列。 行业分析人士指出，今年以来，在各方及大股东的支持下，万科在多重挑战下实现了生产经营稳定，殊 为不易。特别是，能够始终坚持在发展中化解风险，开发业务保障高质量交付，不断推动产品升级，资 源盘活优化产能结构；经营服务业务不断巩固所在领先地位；响应科技创新推动产业创新，运用科技提 升产品服务；坚持融合发展的经营思路，与深铁携手上线的全球首例"机器人自主搭乘地铁为商家配送 货"成功"出圈"，即将量产上线。 响应科技创新：科技全面助力业务，物流机器人将量产上线 算法与AI热潮下，房地产如何应用？万科用实践给出了答案。响应科技创新推动产业创新，万科全力 运用科技提升产品服务。在智能建造领域，万科首创的图纸大模型及相关产品已成为 ...

Core Insights - Technology innovation is a key driver for enhancing quality and efficiency in the real estate industry, with Vanke providing solutions based on years of technological accumulation and innovation [1] Group 1: Financial Performance - In the first three quarters, Vanke achieved revenue of 161.39 billion, delivering over 74,000 high-quality units despite facing various challenges [1] Group 2: Technological Advancements - Vanke has pioneered a large model for real estate blueprints, which has become an industry-level application, serving over 1,000 internal and external projects [2] - The company is advancing an "AI Digital Engineering Management Platform" that utilizes drones and 360-degree cameras to collect construction site data, completing over 320,000 intelligent inspections [2] - Vanke's self-developed "Ling Shi" system in property management achieves a 99.7% equipment online rate and a 15-minute fault response time [2] Group 3: Innovative Logistics Solutions - Vanke, in collaboration with Shenzhen Metro, is launching the world's first robot that autonomously takes the subway for delivery, significantly improving delivery efficiency for subway shops [3] - The project has completed the second phase of trial runs and hardware upgrades, with plans to produce and deliver 40 robots in the fourth quarter for trial operations at 25 key subway stations [3]

Core Insights - Vanke has reported strong performance in Q3, achieving revenue of 161.39 billion and sales income of 100.46 billion, with over 74,000 units delivered [1][2] - The company has successfully implemented innovative product standards, leading to high sales across multiple cities, including a record-breaking performance during the recent Golden Week [2][3] - Vanke's operational strategy focuses on revitalizing existing resources and precise investments, resulting in optimized capacity and significant cash inflow [3] Financial Performance - Vanke's revenue for the first three quarters reached 161.39 billion, with a sales income of 100.46 billion [1] - The company completed a total of 74,000 high-quality deliveries and signed large transactions worth nearly 7 billion [1] - The operating service business generated revenue of 43.57 billion, maintaining a leading position in the industry [4] Product Innovation - Vanke has integrated past technological advancements to create 24 product standards and approximately 520 design requirements, leading to successful project launches [2] - The Shanghai Ideal Land project was recognized as one of the first "Good Community" cases by the Ministry of Housing and Urban-Rural Development [2] - During the Golden Week, Vanke achieved a subscription amount of 4.77 billion, exceeding the target by 137% [2] Investment Strategy - Vanke's investment strategy emphasizes revitalizing existing resources, resulting in the optimization of new capacity worth 17.84 billion and cash inflow of 7.11 billion [3] - The company has established a systematic approach to resource revitalization, leveraging supportive policies [3] Rental and Service Business - Vanke's operating service business reported a total revenue of 43.57 billion, with its long-term rental apartment business leading in scale and efficiency [4] - The company has opened over 200,000 rental units, with more than 133,000 units included in affordable housing [4] - Vanke's rental business has been recognized as a leading brand in housing rental by industry reports [4] Technological Innovation - Vanke is actively applying technology to enhance its services, including the development of an AI digital engineering management platform [6][7] - The company has implemented smart community initiatives, achieving a 99.7% equipment online rate and a 15-minute fault response time [7] - Vanke's collaboration with Shenzhen Metro on a robot delivery system is set to launch in Q4, improving delivery efficiency for subway shops [8]

Financial Performance - Company reported a revenue of 105.3 billion and sales income of nearly 70 billion in the first half of the year, with over 45,000 high-quality deliveries and a sales collection rate exceeding 100% [1] - Operating cash flow has been positive for 16 consecutive years, with project opening absorption rates exceeding 90% in multiple locations [1] - New financing of 24.9 billion was secured in the first half, with a comprehensive financing cost reduced to 3.54%, alleviating short-term repayment pressure as there are no foreign public debts maturing before 2027 [1] Technological Innovation - Company has invested significantly in technology, leading to nearly 300 national invention patents and recognition at top international AI academic conferences [2] - The "Tuyun" product has served over a thousand internal and external projects, with its "AI drawing review" feature being a leading technology in the global architectural drawing field [2] - Digital management has been implemented in 310 construction sites using drones and 360-degree inspections, completing 325,000 intelligent inspections [2] Service Business Development - Company is advancing technology applications in property management, logistics, and long-term rental services [3] - In property management, the "Lingstone" system monitors equipment status with a 99.7% online rate and 15-minute fault response time, while the "Feige" platform covers over 3,000 residential projects for real-time work order responses [3] - The long-term rental management system "Xiaobo RMP" offers a paperless interaction experience throughout the rental process [3] - In logistics, the company has achieved full digitalization of cold chain storage and transportation, utilizing self-developed AI algorithms for supply chain optimization [3] Innovative Delivery Solutions - Company partnered with Shenzhen Metro to launch the world's first robot delivery system using the subway, significantly improving delivery efficiency for merchants [4] - The robot autonomously plans optimal routes and utilizes idle subway time to deliver goods, addressing previous challenges in ground transportation for metro shops [4]

Core Viewpoint - Vanke is advancing technology applications across various business sectors, including property management, logistics, and long-term rentals, demonstrating a strong commitment to innovation and efficiency in the real estate industry [1][3]. Group 1: Financial Performance - In the first half of the year, Vanke achieved revenue of 105.3 billion, with sales revenue nearing 70 billion, and delivered over 45,000 high-quality units [1]. - The sales collection rate exceeded 100%, with many projects achieving a sales absorption rate of over 90% [1]. - The total income from operational services reached 28.4 billion, maintaining a leading position in operational efficiency within the industry [1]. Group 2: Technological Innovation - Vanke has obtained nearly 300 national invention patents in the field of smart construction, with some key technologies recognized at top international AI academic conferences [2]. - The "Tuyun" product, featuring an "AI drawing review" function, is a leading technology in the global architectural drawing field, providing online review services to nearly 100 industry partners [2]. - Vanke has implemented digital management in 310 construction sites using drones and 360-degree inspections, completing 325,000 intelligent inspections [2]. Group 3: Smart Community Development - Vanke is actively creating smart communities nationwide, utilizing the self-developed "Lingstone" system for dynamic monitoring and analysis of community equipment, achieving a 99.7% online equipment rate and a 15-minute fault response time [3]. - The "Feige" platform enables intelligent work order generation and optimal path planning, covering over 3,000 residential projects and establishing the largest real-time work order response network in the industry [3]. - The "Xiaopo RMP" management system for long-term rentals has achieved a paperless interaction process, enhancing the rental experience for tenants [3]. Group 4: Innovative Delivery Solutions - Vanke, in collaboration with Shenzhen Metro, launched the world's first pilot project for robots to autonomously deliver goods via subway, significantly improving delivery efficiency [4]. - The robots, developed by Vanke's logistics subsidiary, utilize subway downtime to transport goods, addressing previous delivery challenges faced by subway shops [4]. - This innovative approach not only enhances delivery efficiency but also effectively applies technology to improve public services [4].