Vanke’s semi-annual report achieves revenue of 167.1 billion yuan in long-term rental apartment services over 500,000 person-timesFly into the homes of ordinary people
Xinmin Evening News (Reporter Yang Yuhong) On August 29, Vanke released its 2021 semi-annual report, achieving operating income of 167.11 billion yuan, a year-on-year increase of 14.2%, and net profit attributable to shareholders of listed companies at 11.05 billion yuan, a year-on-year decrease of 11.7%; achieving contracted sales The amount was 354.43 billion yuan, a year-on-year increase of 10.6%.
In 2021, under the main tone of “housing, housing and not speculating”, the industry will continue to improve policies and measures around the goal of “stabilizing land prices, stabilizing housing prices, and stabilizing expectations”, and promote the establishment of a multi-subject supply, multi-channel guarantee, and simultaneous rental and purchase. Housing system. Vanke actively responds to the policy call, steadily promotes the “simultaneous rental and purchase”, and actively leverages its professional capabilities in the field of real estate development and rental housing to help improve the level of urban housing and livability.
In the first half of this year, Vanke’s development business achieved a contracted sales area of 21.917 million square meters, and a contracted sales amount of 3544.3 yuan, an increase of 5.5% and 10.6% year-on-year respectively, ranking among the top three in 38 cities. The development business settlement area was 11.154 million square meters, and the settlement income was 144.33 billion yuan, an increase of 6.2% and 11.9% year-on-year respectively. The same amount of sold and unconsolidated within the scope of the consolidated statement was 781.91 billion yuan, an increase of 12% from the beginning of the year. In terms of project resources, Vanke insists on rational investment, living within our means, paying attention to investment quality, and having resources on hand to meet future development needs. In the first half of the year, a total of 95 new projects were acquired, with a construction area of 15.059 million square meters and a total land price of approximately 112.63 billion yuan. 92% of the investment in newly acquired projects were located in first- and second-tier cities.
In terms of rental housing, Vanke continues to build the youth apartment brand “Bo Yu” to provide housing solutions for young people who are new to the city. As of the end of June, BoYu has maintained the largest domestic centralized apartment scale in the country. It has deployed 33 cities, opened 148,000 rooms, and has served more than 510,000 customers. The overall occupancy rate of open projects has reached 95%. In the first half of the year, Park Residence achieved operating income of 1.32 billion yuan, a year-on-year increase of 25.6%, and 6,000 newly opened rooms.
Vanke attaches great importance to creating a warm rental life for talents and building a nest for the city. BoYu actively responds to policies and market demands and provides the government with housing for talents. It has provided more than 30,000 housing for talents in many cities. At the same time, BoYu’s Wancun business has opened 64,000 rooms, and the rent level is higher than that of ordinary urban parking. The apartment is low by nearly 40%, and the overall occupancy rate is 95%. It provides low-rent and convenient living places for the urban low-income groups. 35,000 employees provide rental housing, and the companies they serve cover industries such as finance, technology, manufacturing, and construction.
In addition, BoYu has been working hard to explore a sustainable business development model for long-term rental apartments. At present, BoYu has formed in practice a variety of collective construction land lease communities, self-owned land construction lease housing, urban and village joint operation transformation and operation, government leased housing construction and management, asset-light “product + construction + operation” service output, etc. Business model to meet the leasing needs of different types of customers.
2021 is the opening year of the industry management dividend era. In the face of profound changes in the industry environment and competition rules, Vanke adheres to a prudent business strategy, strictly abides by financial discipline, and maintains a healthy financial situation and good anti-risk capabilities. In the first half of the year, Vanke returned to and maintained the “green file”, and all indicators met the requirements of key real estate companies’ fund monitoring and financing management rules-holding currency cash of 195.22 billion yuan, deducting cash short-term debts from pre-sale supervision funds and restricted funds The ratio is 1.67 times; the net debt ratio is 20.2%, which has been lower than 40% for 20 consecutive years; the debt-to-asset ratio excluding advance receipts is 69.7%. As of the end of June, Vanke’s comprehensive financing cost was 4.27%, a year-on-year decrease of 32 basis points (bps). The company maintains industry-leading credit ratings. The three major international rating agencies, Standard & Poor’s, Moody’s, and Fitch, respectively maintain Vanke’s “BBB+”, “Baa1” and “BBB+” credit ratings, all with a “stable” rating outlook.
At present, Vanke has gradually established its competitiveness in multi-track business related to urban and rural construction and life services. On August 18, Vanke and the Shanghai Municipal People’s Government signed a strategic cooperation framework agreement. According to the agreement, the two parties will seize the opportunity of Shanghai to deepen the construction of the “five centers”, develop the “five-type economy” and build the “five new cities”, and implement innovative practices in the construction of the flagship project of the “Future City” and the comprehensive management of the “Property City”. In-depth cooperation in urban organic renewal, housing leasing industry development, and construction technology application.
Editor: Ren Tianbao
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