Summary by Moomoo AI
According to China Vanke's mid-year report in 2024, the company and its subsidiaries (the Group) had revenue of RMB 142.779 billion, a decrease of 28.93% compared to the same period last year's RMB 200.893 billion. The company's shareholders' share of the loss was RMB 9.853 billion, compared to a profit of RMB 0.987 billion in the same period last year. The main reasons for the loss include a decrease in the settlement scale and gross margin of the development business, provision for impairment, losses from non-primary financial investments, and prices of asset transactions and equity disposals lower than book value. In the face of market challenges, China Vanke prioritizes operational safety and launches a "package solution", focusing on its main business...Show More