Vanke Yu Liang no longer shouts "wolf is here": There is no reason to lie down with the most stressful stage.

"This year is particularly sad, this is also the most stressful time I have been stressed since I was working. The hardest thing is that when I hand in our transcript at the end of March, the pressure is great."

On the afternoon of June 28, Vanke A (SZ000002, a stock price of 18.45 yuan, and a market value of 214.488 billion yuan) held a 2021 shareholders meeting in Shenzhen. At the meeting, in the face of the current situation of the real estate market situation that investors are most concerned about, the chairman of the board of directors of Vanke said that the short -term real estate market has bottomed out, and market recovery is a slow and gentle process. It takes time to recover.

In the past few years, Vanke paid a lot of tuition and costs to explore the diversified track business at the same time. Yu Liang believes that business services such as property, logistics, commerce, long -term rental apartments will constitute Vanke's future growth space.

"What does the industry need today? The industry needs confidence and does not need to be alert." In the past, it was good to wake up the industry, and this time I hope to convey confidence to the industry.

Photo Conferry, Chairman of Vanke Board of Directors Yu Liang

"The most stressful stage has passed"

In the environment of unclear industry and low confidence in the capital market, confusion is still the norm.

Yu Liang, who often be a bell person and prophet, hopes to convey clear information to the industry. He shared a group of industry data-although the industry has experienced a difficult time in the first half of this year, according to the public data statistics of various local online signing, the sales area of ​​the main first- and second-tier cities decreased by 36%from January to February, and in April The decline was about 60 %, but the situation in May has improved, and after entering June, a month -on -month increase.

Yu Liang believes that the short -term market has bottomed out, but it is not a rebound, but a recovery. Market recovery is a slow and gentle process, which still takes time. Although the month -on -month increase in June, it still declined year -on -year, but the decline was relatively contracted. More importantly, the current environment of the real estate market is different from the past.

In other words, the most stressful stage has passed, and now it is a little better than the beginning of the year, which is the same for the industry and Yu Liang.

"This year is particularly sad, this is also the most stressful time I have been stressed since I was working. The hardest thing is that when I handed over our transcript with everyone at the end of March, the pressure was great." Yu Liang said.

The industry is sad, but he believes that the real estate industry must not be the most difficult one in society, so there is no reason to lie flat. As long as a company can serve their main customers and make good products and services, they can still survive it.

In 2021, Vanke realized operating income of 452.8 billion yuan, an increase of 8.0%year -on -year; net profit attributable to shareholders of listed companies was 22.52 billion yuan, a year -on -year decrease of 45.7%. This is the third time that Vanke has appeared in the 31st years since the listing of 1995 and 2008 declined.

The focus of Vanke's work this year is to achieve stability and stability and improve. In terms of real estate development, Vanke has further optimized this year in terms of investment mechanisms. Investment target improvement is expected to support its future performance.

"We have estimates about the market downward at the beginning of the year or March, but I haven't thought about it so seriously." Vanke President Zhu Jiusheng said that Vanke's sales from January to May fell by about 41%, slightly stronger, but the industry also performed more performance in the industry. Good enterprises do bring greater challenges. For Vanke, I think of the difficulties in front of them, and I have made some layouts and arrangements in advance. At present, it only increases the difficulty of work. It will use more positive sales and more specific measures to fulfill the commitment to achieve performance and stability this year.

The industry needs confidence, walking forward

In the past many years, Vanke has been good at being a pessimist and anxious division in the industry. From another perspective, this is called a sense of anxiety, such as "survival" in 2018 and the "Black Rail Age" earlier this year.

Yu Liang explained at the shareholders' meeting why Vanke always played the child who said "wolf is coming", and hoped to insist on the strategic determination of "not greedy and not fear", that is, to leave a soberness when good, There is a confidence when it is bad.

"When the market is good, we know that we must leave a soberness and don't make the last copper plate. How can there be no chance in this 10 trillion level of industry in the future? You need to find an opportunity for yourself."

Each reporter Huang Wanyin was taken by reporter Huang Wanyin at the scene of Vanke's Shareholders Conference

Why does Vanke seem more optimistic now? Yu Liang pointed out that the angle of the same thing is different about the same thing. Whether it is alert or a way of giving pressure, the goal is to make the enterprise better. Today the industry needs confidence and needs to go forward. At this time, the market sentiment becomes very important. Whenever a trace of light is used to go forward, so more excavations need to be discovered.

A single residential development can no longer meet the requirements of the times, but the diversified business is currently unable to contribute to the development of residential development. Yu Liang said that Vanke's development and operation service sector structure should not change greatly in the future, such as logistics and property industries such as the original market size will be limited. challenging.

In addition to the property of Vanke's diversified business, it has not yet been explicitly reflected in financial statements. Zhu Jiusheng pointed out that Vanke will achieve reporting on the logistics business this year. The long -term rental apartment business has achieved profitability at the cash flow level this year. It is expected that the profit statement level will be profitable next year.

In addition, Vanke's everything has submitted a prospectus on the Hong Kong Stock Exchange. In 2021, everything in realizing operating income of 23.704 billion yuan, an increase of 30.6%year -on -year; gross profit of about 4.02 billion yuan, and net profit of about 1.714 billion yuan.

Yu Liang believes that in addition to the relationship between income and profit proportion, a business has the relationship between market -oriented value and the degree of society.At the beginning of the year, he also called on institutional investors to establish a new valuation model for the above -mentioned business service business and see Vanke's new market value.

Daily Economic News

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