Vanke Zhu Xu talks about the decline in stock prices: if the repurchase conditions are triggered, the stock repurchase will be carried out

On August 30, Vanke held its 2021 interim promotion meeting. Zhu Jiusheng, Director, President and CEO of Vanke, Liu Xiao, Executive Vice President and Chief Operating Officer of Vanke, Han Huihua, Executive Vice President and Head of Finance of Vanke, and Zhu Xu, Secretary of the Board of Directors of Vanke, attended the promotion meeting.

For the decline in Vanke's stock price, Zhu Xu, secretary of the board of directors of Vanke, said that in order to maintain market value, shares can be repurchased, and once the repurchase conditions are triggered, Vanke will repurchase Vanke shares. Regarding the decline in stock prices, partners, investors and management are all sympathetic, and management will also strive to create more value for shareholders.

According to the semi-annual report, in the first half of the year, Vanke achieved operating income of 167.11 billion yuan, an increase of 14.2% year-on-year, and net profit attributable to shareholders of listed companies of 11.05 billion yuan; and realized contract sales of 354.43 billion yuan, an increase of 10.6% year-on-year. In the first half of the year, Vanke's development business achieved a contracted sales area of 21.917 million square meters, with a contract sales amount of 3544.3 yuan, an increase of 5.5% and 10.6% respectively year-on-year.

Text/Beijing Youth Daily reporter Zhu Kaiyun

Editor/Fan Hongwei