Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 46 , 01 December 2023
Open
Access | Article
The Impact of the Covid-19 on Real Estate Companies: Vanke A and Poly Development
* Author to whom correspondence should be addressed.
Abstract
The COVID-19 pandemic has had a profound impact on the global macroeconomic landscape, social order, and corporate operations. In light of the prevailing trend of economic globalization, the pandemic has significantly affected this process, but it will not deter the progress of economic globalization. The COVID-19 pandemic has not only had a considerable impact on various countries worldwide but has also affected China. To protect the lives and health of our citizens, China has implemented strict containment policies. The pandemic has also had a significant impression on company operations. Our research focuses on two major Chinese real estate companies, "Poly Developments" and "Vanke A." Both companies have publicly available and transparent financial reports that include information on profit figures, profit margins, cash flow, and debt situations. Despite the impact of the COVID-19 pandemic, Vanke witnessed a downward trend in total revenue and cash flow from 2019 to 2021, but a slight recovery was observed in 2022. Vanke displayed stable revenue growth in its development activities and gradually stabilized its profitability. The company also prioritized effective cash flow management and pursued a diversified development strategy, leading to a significant year-on-year increase in investment cash flow. Overall, Vanke exhibited remarkable performance in sustainable strategic planning, collaboration, and operational activities, maintaining its position as an industry leader.
Keywords
COVID-19, Vanke A, Poly Development
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-139-1
- ISBN (Online)
- 978-1-83558-140-7
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/46/20230323
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited