At the 2023 Annual General Meeting of Shareholders, Yu Liang, Chairman of the Board of Directors of Vanke, announced the company's "slimming and fitness" package, which attracted wide attention from the market and the industry. In the face of concerns about Vanke's stock price and other issues, Chairman Yu Liang expressed the company's determination and plan to build a more healthy development.
In this plan, Vanke will focus on "slimming" measures, which are intended to adjust the company's operating structure and reduce the debt ratio to achieve healthier and sustainable development. Focusing on the three main businesses of integrated residential development, property services and rental apartments, the company has clarified its strategic positioning for the future and strengthened its goal of market dominance.
In addition, Vanke will adjust its financing model, reduce risks, and strive to return to the track of stable growth. At the same time, the company will also completely withdraw from non-core business areas, simplify the business structure by cleaning up and transferring financial investment, and concentrate resources to strengthen the three main businesses. In addition, Vanke also plans to promote large-scale asset transactions every year to enhance the company's overall asset quality.
Chairman Yu Liang also had the courage to admit that the company's current performance was poor in response to the stock price boost and business improvement, and expressed his willingness to accept criticism from shareholders. To this end, Vanke will launch a plan to increase the company's internal value and short-term stock price performance to meet the expectations and trust of shareholders.
In this stage of change and reshaping, Vanke's "slimming and fitness" program will have a profound impact on the company's future development path and performance. The company's determination and actions will enable it to remain competitive in the real estate sector and set a healthy, forward-looking and promising example for the industry. We hope that Vanke will flourish on the new development track and achieve greater achievements and value returns.