Embattled Chinese developer China Vanke (2202) widened its net loss by over 21 percent to 11.95 billion yuan (HK$13 billion) in the first half of 2025.
Revenue for six months slumped by more than 26 percent to 105 billion yuan, of which, sales from property development business plunged by 45.7 percent to 69.11 billion yuan.
The developer delivered over 45,000 units in the six months and completed 13 project transactions with contracted sales of 6.43 billion yuan.
It has revitalized 64 projects over the past three years, with approximately 78.5 billion yuan of saleable value involved.
While acknowledging it faces “phased pressure in operation”, Vanke said it believes that it will “certainly emerge from the trough and embrace a turning point.”
