Research On The Profit Model Of Vanke's Asset-light Transformation And Its Financial Risk Evaluation

In recent years,under the government's control over the development of China's real estate market,"domestic and residential non-fried" and "living and sheltering"have tightened restrictions on lending policies and land prices,and the real estate industry in China is facing more and more serious financing.pressure.In addition,the real estate industry in China's third-and fourth-tier cities is also facing huge inventory pressure,and it is difficult for large-scale inventory backlog to be digested in a short period of time.The traditional heavy asset model of the real estate industry is no longer conducive to corporate profits because of its high initial capital spending and longer product construction cycle.In the depressed real estate environment,some real estate companies in China have begun to explore the transition path,taking the "light asset"transformation as the company's new strategic transformation goal,trying to get out of the predicament and gain new development.Vanke,as one of the leading companies in the real estate industry,took the lead in light asset transformation in the face of the transformation of the real estate industry.In this paper,literature analysis,case analysis,quantitative and qualitative methods are used to study.First,under the premise of combing the relevant concepts and theoretical foundations such as real estate light asset profit model and financial risk,Vanke is selected as the object of case study.This article begins with the collaborative development and innovation model of "Small Shares Trader" project selected by Vanke Light Assets Transformation and the profit output model of "Rui Services" property export.It analyzes the elements of the two transition models and defines its profit point,profit source,profit leverage and Profit barrier.Then,through the establishment of Vanke's financial risk principal component factor analysis model,the company comprehensively evaluates the financial risks before and after Vanke Light Assets'transformation and analyzes the transformation financial effects,and concludes that Vanke Light Asset Transformation not only achieved certain financial results but also reduced Vanke.Financial risk.Finally,we summarize some possible problems with Vanke's transformation of asset-light profit model,and put forward corresponding suggestions.It is hoped that this article will play a role in improving Vanke's asset-light profitability model,and provide some reference for some real estate companies that have not carried out light asset transformation or are in the stage of preparation for transition.