According to the performance forecast released by China Vank...

According to the performance forecast released by China Vanke $CHINA VANKE (02202.HK)$ , the company expects a net loss of 7 to 9 billion yuan for the current period, compared to a net profit of 9.87 billion yuan in the same period last year. After excluding non-recurring gains and losses, Vanke anticipates a net loss of 5 to 6.5 billion yuan.

The increased losses compared to the first quarter are attributed to a decline in settlement profits from real estate projects and the company's intensified efforts in inventory reduction and asset disposal.