Yu Liang responded to Vanke's decline in net profit: management problems disappointed shareholders.

First, the problem of decentralized management methods, such as full authorization and distributed management methods, has not adapted to the current fierce and complicated project competition; It also caused several mistakes in investment, and divided the quota into regions by cutting big cakes. When the market changes, weaknesses are revealed, and local companies overestimate the market and act rashly.

Second, multi-track exploration at the same time consumes too much cost and cannot produce good profits.

"Our poor performance of 202 1 disappointed our shareholders, and I sincerely apologize to the 520,000 shareholders." Yu Liang said that in 2022, Vanke's development has only eight words: stop falling and stabilize, stabilize and rebound, and we are confident to complete it. (Xu Qian)