Vanke A: Loss of 88.556 billion yuan in 2025

GateUser-bd883c58 · 2026-04-08T07:22:00+00:00

Vanke A stated in its annual report that by 2025, operating revenue will decrease by 31.98%, with net profit attributable to shareholders at -88.56B yuan, and liquidity pressure will increase. Due to concentrated debt repayment, negotiations for extension of medium-term notes and corporate bonds have been initiated, seeking a long-term solution to resolve debt issues.

GateUser-bd883c58

2026-04-08 07:22:00

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People’s Finance News, March 31: On March 31, Vanke A (000002) disclosed its annual report. In 2025, it recorded operating revenue of 233.43B yuan, down 31.98% year over year; net profit attributable to shareholders was -88.56B yuan, compared with a loss of 49.48B yuan in the same period last year.

As of the date of disclosure of the report, the group has completed repayment of 33.21 billion yuan of public debt. However, due to various factors, the risks have not been fully resolved, and the company’s business development still faces serious challenges.

Because it is facing concentrated redemption of public debt, the group’s liquidity pressure has further increased.

Starting from November 2025, the company successively initiated extension negotiations for the two medium-term notes “22 Vanke MTN004” and “22 Vanke MTN005,” as well as one corporate bond “H1 Vanke 02” (originally “21 Vanke 02”). At present, the extension proposals have been voted through at bondholders’ meetings.

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