China Vanke Co., Ltd. (2202) reported a net loss attributable to shareholders of RMB28.02 billion for the first nine months of 2025, compared with a net loss of RMB17.94 billion year-on-year. Revenue during the same period stood at RMB161.39 billion, down 26.61%. The company cited a difficult real estate market environment, reduced settlement scale, and continued low gross profit margins as main contributors to its earnings pressure. Weighted average return on net assets was -14.81%, compared to -7.40% in 2024.

As of 30 September 2025, total assets were RMB1,136.59 billion, marking an 11.64% decrease from year-end 2024, while total equity attributable to shareholders was RMB175.76 billion, down 13.28%. Property development remained under pressure, with contract sales for January to September declining 44.6% year-on-year to RMB100.46 billion. China Vanke emphasized high-quality delivery, completing handover of 74,000 units during the first three quarters. The company also closed RMB28.89 billion of public debts and secured RMB29.13 billion in shareholder loans from Shenzhen Metro Group. Despite the challenging market, rental housing, property services, retail, and logistics segments continued to expand in both scale and service offerings, aiming to optimize assets and maintain operational stability despite ongoing liquidity tightness.