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on september 4, vanke co., ltd.vanke a, 000002.sz) issued an announcement regarding its holding subsidiary providing guarantee for bank loans.

the announcement shows that in order to meet business needs, vanke applied for a loan from a bank, and vanke's holding subsidiaries provided guarantees for the relevant loans by providing pledges, mortgages and guarantees. in addition, some holding subsidiaries acted as co-borrowers and assumed repayment obligations together with vanke.

this time, vanke receivedping an bank、bank of communicationsthe syndicated loans provided by the lead bank totaled 11.48 billion yuan.

among them, vanke applied for a loan from ping an bank co., ltd. shenzhen branch (referred to as "ping an bank"), with a total loan principal of rmb 3.5 billion and has been withdrawn. the current loan balance is rmb 2.946 billion, with a term of 3 years.

according to the guarantee agreement, vanke's holding subsidiaries tianjin wanyun, shenyang wanxizhihui, shenyang wanxi, guangxi vanke and xinjiang xinchi have signed pledge, mortgage and guarantee contracts with ping an bank for related loan matters to provide guarantees for the company's financing. the total guaranteed principal amount is 3.5 billion yuan. the guarantee period for pledge and mortgage is from the date of effectiveness of the debt contract to the date of expiration of the debt performance period, and the guarantee period is three years after the expiration of the debt performance period.

in addition, vanke applied for a syndicated loan from a bank consortium led by the shenzhen branch of bank of communications co., ltd. (referred to as "bank of communications") and has completed withdrawals. the loan principal is rmb 7.98 billion, the current loan balance is rmb 1.6 billion, and the term is 5 years.

vanke's holding subsidiary vanke mangrove bay has signed a pledge contract with bank of communications for the aforementioned financing matters, providing pledge guarantee for the company's related loans. the guaranteed principal amount is 7.98 billion yuan, and the guarantee period is from the date the debt contract takes effect to the date when the debt performance period expires.

the announcement shows that after this guarantee occurs, vanke's total external guarantees will be 101.228 billion yuan, accounting for 40.36% of vanke's audited net assets attributable to shareholders of listed companies at the end of 2023.

according to data disclosed by vanke, in the first half of the year, vanke achieved operating income of 142.78 billion yuan, a year-on-year decrease of 28.9%; the net profit attributable to shareholders of the listed company was a loss of 9.85 billion yuan.

on the financing side, with the strong support and help of financial institutions and relevant departments, vanke achieved new financing and refinancing of 61.2 billion yuan in the first half of the year, with an average financing cost of 3.66%, and its financing channels remained stable. according to information disclosed by vanke, as of the end of july, the total amount of new financing and refinancing completed exceeded 67 billion yuan.

regarding the financial situation and debt repayment arrangements in the second half of the year, vanke said that there are nearly 100,000 houses to be delivered in the second half of the year, a year-on-year decrease of 40%. currently, there are only 2 billion yuan of domestic bonds to be repaid in the maturing open market credit bonds, which will mature in september. the relevant funding arrangements have now been made.

as of the close of september 4, vanke a was priced at 6.46 yuan per share, down 0.92%.