FilingReader Intelligence

Vanke reports RMB11.95bn net loss amid asset impairments

August 22, 2025 at 07:04 PM UTCBy FilingReader AI

China Vanke reported a net loss of RMB11.95 billion for the first half of 2025, compared to a profit in the same period last year. The loss was driven by plummeting property sales and RMB5.45 billion in asset impairment provisions.

To address liquidity challenges, Vanke secured RMB238.8 billion in shareholder loans from largest shareholder Shenzhen Metro Group and realized RMB64.3 billion from bulk asset sales.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000002Shenzhen Stock Exchange
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