Due to the investment in Vanke, the Shenzhen Metro Group incurred a loss of 33.461 billion yuan in the consolidated financial statements for 2024, accounting for more than 10% of net assets. This investment is considered one of the most failed investment cases by state-owned assets.
If the Shenzhen Metro had used the money invested in Vanke to invest in Bitcoin back then, the principal would have multiplied several times.