China Vanke Swings to Loss in 2024

MT Newswires Live

2025/04/01

China Vanke (HKG:2202, SHE:000002) reported a net loss attributable to shareholders for 2024 of 49.48 billion yuan, reversing the attributable profit of 12.16 billion yuan in the previous year, according to a filing with the Hong Kong bourse on Monday.

Loss per share was 4.17 yuan compared with earnings per share of 1.03 yuan a year ago.

Revenue for the year decreased 26% to 343.18 billion yuan from 465.74 billion yuan in the previous year.

The residential development and property services firm's shares were up nearly 1% in Hong Kong and close to 2% on the Shenzhen bourse in morning trade Tuesday.

Price (HKD): $5.59, Change: $+0.050, Percent Change: +0.90%

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