Research On Financial Performance Of Vanke Company By Transforming Asset-Light Operation Model

After the reform and opening,the real estate industry in our country has developed rapidly,and the investment and sales of real estate are growing.However,in recent years,the state’s management has become more and more strict,and most of cities have gradually implemented restrictions on purchases,loans and sales,which lead to the emergence of operational problems under heavy asset operation models,such as excessive stockpiles,high financial risk and slow capital turnover.Therefore,if the real estate enterprises want to survive and develop,it should innovate.At this time,the asset-light operation model has become a hot direction of transformation.Based on this situation,this paper takes Vanke Group as a case,and analyzes the asset-light operation model adopted by its transformation and compares the effects before and after its implementation,and then provides practical experience for most of domestic real estate enterprises,thus promoting the continuous advancement of our country’s real estate industry.Through the research on the financial performance of Vanke’s transformation into asset-light operation model,it can be found that in terms of asset management,Vanke’s use of asset-light can effectively improve asset turnover,ease inventory accumulation and then improve the quality of asset management.In terms of risk level,the asset-light model can enable Vanke to invest a small amount of money or not to invest money,thereby releasing a large amount of cash flow,reducing the overall risk of the company and stabilizing the financial situation.In terms of solvency,asset-light model can help Vanke expand its financial channels,get more money and improve its solvency.In terms of cash flow,after Vanke transformed into the asset-light operation model,its cash flow has increased significantly,reflecting its better cash flow management capabilities.In terms of corporate value,by analyzing the economic value added,it can be found that Vanke’s use of asset-light model is conducive to theimprovement of Vanke’s overall performance,while the asset-light model can create more wealth for shareholders and accumulate more value for enterprises.In summary,the use of the asset-light model is more conducive to Vanke’s performance improvement,stable operation and long-term development.In the end,this paper suggests that if other real estate companies want to use the asset-light model,they should combine their own characteristics and they should not blindly change their operation model.