On June 10, 2025, Vanke Corporation (Vanke) sold 22 million shares of A-shares from its inventory, raising a total of 146 million yuan. Analysts believe that selling A-share inventory will help replenish the company’s working capital.
In an announcement on June 11, Vanke stated that the number of shares sold was 22 million, accounting for 0.18% of the company’s total share capital. The highest transaction price was 6.72 yuan per share, the lowest price was 6.56 yuan per share, and the average transaction price was 6.63 yuan per share. The total proceeds from the sale amounted to 146 million yuan (excluding transaction costs), and the sale period was from June 10 to June 12, 2025.
Vanke stated in the announcement that this reduction in holdings “will not affect the company’s current profits and will not have a significant impact on the company’s operations, finances, and future development.”
On June 12, Caifeng Society mentioned that Vanke’s sale of A-share inventory is beneficial in supplementing the company’s liquidity.
“Daily Economic News” also pointed out that in the current industry environment, the primary task for real estate companies is to ensure the safety of cash flow. Vanke’s inventory size is small, and choosing to sell in batches is expected to have minimal impact on market conditions and stock price trends. However, the importance of the funds raised through the sale for Vanke is undeniable.
As a leading real estate enterprise in China, Vanke is facing ongoing challenges in the country’s real estate industry, leading to financial difficulties.
Data shows that 2025 is a peak period for Vanke’s debt repayment. As of March 31, 2025, Vanke’s total liabilities amounted to 914.065 billion yuan.
According to Wind data, from June to July, Vanke still has four debts to be repaid, totaling over 7.6 billion yuan. Among them, “Vanke 06” will mature on June 18, requiring a payment of 1.2 billion yuan in principal and 131 million yuan in interest.
According to Ke Yanwei data, by the end of 2024, Vanke’s interest-bearing liabilities amounted to 3,612.8 billion yuan, with short-term debts accounting for over 40%. The company’s cash funds amounted to 88.16 billion yuan, with a cash-short-term debt ratio of only 0.56. If regulatory funds are deducted, liquidity will tighten even further.
To alleviate the urgent situation, Shenzhen Metro Group, Vanke’s largest shareholder, has provided funding to Vanke five times this year, with a total borrowing amount of nearly 15 billion yuan. The most recent loan was on June 6, providing Vanke with up to 3 billion yuan for repaying old debts.
Inventory shares refer to publicly issued shares that companies acquire through repurchase, gift, or other means for future resale or cancellation.