Vanke responded late at night, encountered phased difficulties, and had a large amount of information!

Recently, Vanke has vividly and vividly experienced this sentence! Constant turmoil and constant doubts, not to mention the debt problem, the movements of some executives alone are enough to make people reminiscent. Yu Liang was reported, Xiao Jin was taken away, senior executives left the country abnormally, Zhengzhou's general manager suddenly resigned, Shaoxing Vanke was fined, Nanjing Vanke Property was fined, etc., each of which can be interpreted by others, whether it is over-interpreted is unknown, but the impact on Vanke is enough to shake its public opinion status.

In this regard, on the night of April 14, Vanke held an investor exchange meeting, which was attended by Yu Liang, Zhu Jiusheng, Zhu Xu and others. Let's sort out the hot issues that have been questioned recently.

Vanke admits that the company has encountered phased operational difficulties

In response to various doubts, Vanke is worried that it will affect the company's normal operation, but Vanke also admits that from the perspective of the overall business situation, Vanke has indeed encountered phased operating difficulties, and its liquidity is under pressure in the short term. However, the company has formulated a package of plans to stabilize operations and reduce debt, which can properly resolve these periodic pressures.

It can be seen that Vanke has not avoided the current business problems, but faced them directly, but Vanke said that it will be based on self-help, and the company is confident that the debt scale will drop by 100 billion yuan this year and next year, and the debt risk will be substantially resolved.

Of course, whether it can really survive the phased difficulties safely depends on Vanke's subsequent performance.

Vanke responded to the real-name report in Yantai, which was a commercial dispute

Regarding the real-name reporting incident in Yantai, Vanke's management said that it was a commercial dispute. Since 2021, due to the overall environment of the real estate market, the sales of many projects have fallen short of expectations, and the funds cannot be allocated according to the wishes of the partners, but the communication with the partners has been fruitless.

The Yantai whistleblower reported to the Yantai Public Security Bureau in 2023 on Vanke's misappropriation of funds, which was accepted. After three months of investigation and argumentation, the public security department issued a notice of "not filing the case" in November 2023. The tax authorities conducted an inspection of Yantai Vanke, and Vanke did not refuse to pay the accounts, and the tax authorities did not determine that Yantai Vanke had the subjective intention to evade taxes. There is no so-called private interest of Vanke's management team in the cooperation project, and Vanke does not convey benefits to senior executives through the co-investment system.

Of course, Vanke's answer may not necessarily be what you want, anyway, since it is left to the relevant parties to deal with, let time tell.

The detention of Xiao Jin, general manager of Jinan Vanke, is a personal case

Many people have linked the recent incident of Xiao Jin, general manager of Jinan Vanke, with the Yantai report? In this regard, Vanke said that this is a personal case and has nothing to do with the Yantai report.

The police also confirmed that Xiao Jin's case was his personal case and had nothing to do with the Yantai report. It has also been confirmed by relevant parties that the Xiao Jin incident is a personal problem and should be distinguished from the normal business activities of Vanke Group and Jinan Vanke.

It can be seen that the local government also hopes not to attribute Xiao Jin's problem to the company's problem, and also expresses its support for Vanke's business development in Jinan.

Vanke's management was collectively controlled?

Recently, there have been many rumors that Vanke's executives have left the country abnormally, or they are restricted from leaving the country, and Vanke said that the group's management has been traveling abroad normally. Cai Ping, the first former partner of Central China, took care of his children in the United States, and submitted his resignation in 2023 and obtained the company's consent. Wang Runchuan, the former lead partner of the Headquarters Coordination Center, resigned due to going to Hong Kong for further study, and currently lives in Shenzhen. The Group's management is traveling abroad on official business as normal.

Zhu Jiusheng and Zhu Baoquan went to Hong Kong, China and Japan respectively for inspection, and Zhu Jiusheng has returned.

Believe it or not, and don't believe it, in short, we can't over-interpret it, and we still have to take Vanke's response as the standard. It's hard to say whether it's Vanke's one-sided statement, but at least that's the case before there is no new evidence for reporting.

Vanke reflects on the reasons for the company's passive operation

As mentioned earlier, Vanke admitted that the company had encountered phased difficulties, and for the reasons, Vanke reflected on the reasons and believed that in addition to the changes in the external market, it was more due to the fact that the company itself still maintained the inertia of expansion and failed to adjust in time when the macro situation and industry conditions underwent major changes.

Vanke said that although it was the first to realize the necessity of transformation, there were problems of too big and too hasty steps in the actual operation process. The transformation business exceeds the ability to match resources, occupies too much development business funds, and the scale is too large, which also leads to the inability of management capabilities to keep up, and the business objectives cannot be achieved as planned.

Although it was realized early that the era of rapid growth would eventually end, the behavior failed to resolutely get rid of the inertia of the industry, and there were investment recklessness and mistakes. In the new financing environment, although the adjustment of the real estate financing model has been initiated, it still needs a process to shift from aggregate-to-total credit financing to a new financing model.

In short, I think Vanke's understanding of itself is quite objective, and it deeply understands that the essence of the problem lies in the internal causes. Vanke is aware that some of the past models and practices are no longer suitable for the new development stage of the industry, and will conduct a comprehensive review and sort out the corresponding strategies.

It is still difficult to draw conclusions about whether Vanke's statement and determination can be turned into a means of future operation, because it has experienced the inertia of Vanke's first shouting to survive but has not been able to get rid of the old model of the industry, so it is easy to know and difficult to do.

Previously, Li Daokui, an expert professor at Tsinghua University, said that he believed that Vanke's problems could be solved in the next three to four months. We look forward to Vanke getting out of the quagmire as soon as possible and giving the market confidence and vitality.