Vanke will maintain its leading position in the market-although based on Fitch's forecast that the sales of the real estate industry will drop by 5%, the company's sales in 2023 are expected to drop by 2% year-on-year. Measured by the total contracted sales, in the first half of 2023, although Vanke's sales decreased by 5% year-on-year, which was roughly the same as the market level, it still maintained the status of the top two real estate enterprises in China.
More than 80% of Vanke's diversified land reserves are located in first-and second-tier cities, which Fitch predicts should help the company maintain a strong market position in China's two largest regional markets, namely the Yangtze River Delta and Greater Bay Area.
Vanke has good financing channels at home and abroad. In the difficult financing environment in China, the company obtained additional low-cost domestic and foreign loans. Vanke said that the proportion of its short-term debt in total debt dropped from more than 20% between 202 1 and 2022 to less than 15% in the first half of 2023, which helped the company to keep the average debt maturity at about five years.
The Development Course of Vanke Enterprise Co., Ltd.
At the beginning of 2005, through strategic cooperation with Du Nan Group, Vanke entered Jiangsu Zhenjiang, and its business has expanded to 265,438+0 large and medium-sized cities, and the development strategies of three regional urban agglomerations centered on regional central cities such as Pearl River Delta, Yangtze River Delta and Bohai Bay have been determined.
In March 2005, we started strategic cooperation with Du Nan and made a solid step in the new decade. In 2007, Vanke Architecture Research Center was approved by the Ministry of Construction as a national housing industrialization base. In 2007, Vanke built Wanhui Building in Guangzhou. This project is the first enterprise in China to explore the housing problem of low-income people to invest in low-rent housing, and it has been listed as a "pilot project for renting houses for low-income people" by the Guangdong Provincial Construction Department.
In 2009, Vanke Beijing Holiday Scenery Project B3 # and B4 # won the title of "Beijing Residential Industrialization Pilot Project". 20 1 1 year, the company successfully declared 2.737 million square meters of green Samsung projects, accounting for 50.7% of the national total.
Reference to the above content: Baidu Encyclopedia-Vanke Enterprise Co., Ltd.