China Vanke Co Ltd (HK:2202)
:2202
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China Vanke Co
(2202)
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Rating:41Neutral
Price Target:
HK$2.50
â–¼(-33.51% Downside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by very weak financial performance—sharp margin compression, sustained large losses, rising leverage, and persistently negative free cash flow. Technicals add further pressure with the stock below key moving averages and negative MACD, while valuation is also constrained by negative earnings and no provided dividend yield.
Positive Factors
Recurring property management revenue
A recurring property management business provides more stable, repeatable revenue than one-off property sales. Over 2-6 months this supports cash flow resilience, customer retention, and margin diversification, reducing sensitivity to cyclical new-home demand and smoothing operational cash needs.
Negative Factors
Severe margin collapse and losses
A sharp, sustained decline in gross and net margins indicates deep pricing pressure, impairments, or structural cost issues. Persistent losses erode retained earnings, constrain reinvestment, and impair the company's ability to fund projects or absorb further market shocks without substantive operational turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring property management revenue
A recurring property management business provides more stable, repeatable revenue than one-off property sales. Over 2-6 months this supports cash flow resilience, customer retention, and margin diversification, reducing sensitivity to cyclical new-home demand and smoothing operational cash needs.
Read all positive factors
China Vanke Co (2202) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$39.83B
Dividend YieldN/A
Average Volume (3M)35.86M
Price to Earnings (P/E)―
Beta (1Y)2.29
Revenue Growth-28.73%
EPS Growth-60.86%
CountryHK
Employees127,638
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-7.41
Shares Outstanding2,206,513,000
10 Day Avg. Volume38,840,333
30 Day Avg. Volume35,857,744
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.15
P/FCF Ratio-8.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.45Price Target Upside-34.84% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-2.65
Revenue Forecast (FY)HK$203.92B
China Vanke Co Business Overview & Revenue Model
Company Description
China Vanke Co., Ltd. is a prominent real estate firm that focuses on property development and sales in Mainland China, Hong Kong, and various international locations. The company primarily operates through two segments: Property Development and P...
How the Company Makes Money
Vanke primarily makes money from (1) property development and sales: it acquires/controls land, develops residential (and related) real estate projects, and recognizes revenue from selling completed or qualifying properties to homebuyers. This bus...
China Vanke Co Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
24
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 233.43B | 343.18B | 465.74B | 503.84B | 452.80B |
| Gross Profit | 22.09B | 34.91B | 67.47B | 98.52B | 98.82B |
| EBITDA | -55.07B | -44.74B | 43.73B | 55.55B | 67.04B |
| Net Income | -88.56B | -49.48B | 12.16B | 37.55B | 38.07B |
Balance Sheet | |||||
| Total Assets | 1.02T | 1.29T | 1.50T | 1.76T | 1.94T |
| Cash, Cash Equivalents and Short-Term Investments | 67.31B | 88.34B | 99.83B | 137.23B | 149.37B |
| Total Debt | 209.21B | 235.87B | 278.34B | 339.71B | 294.00B |
| Total Liabilities | 784.76B | 947.41B | 1.10T | 1.35T | 1.55T |
| Stockholders Equity | 116.91B | 202.67B | 250.78B | 242.69B | 235.95B |
Cash Flow | |||||
| Free Cash Flow | -4.18B | -719.76M | -4.42B | -10.08B | -5.46B |
| Operating Cash Flow | -988.13M | 3.80B | 3.91B | 2.75B | 4.11B |
| Investing Cash Flow | 3.69B | 10.81B | -4.62B | -13.03B | -26.28B |
| Financing Cash Flow | -24.92B | -27.67B | -36.81B | 3.44B | -23.10B |
China Vanke Co Technical Analysis
Negative
3.76
Price Trends
2.86
Negative
3.18
Negative
3.82
Negative
Market Momentum
-0.11
Positive
29.12
Positive
14.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2202, the sentiment is Negative. The current price of 3.76 is above the 20-day moving average (MA) of 2.62, above the 50-day MA of 2.86, and below the 200-day MA of 3.82, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 29.12 is Positive, neither overbought nor oversold. The STOCH value of 14.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2202.
China Vanke Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$156.30B | 14.22 | 2.75% | 4.33% | 27.01% | -20.16% | |
67 Neutral | HK$228.76B | 7.84 | 8.50% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$326.58B | 14.84 | 3.55% | 3.89% | 4.66% | 26.27% | |
51 Neutral | HK$148.41B | 10.23 | 3.44% | 4.54% | -9.39% | -19.08% | |
46 Neutral | HK$48.59B | 40.52 | 0.62% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$39.83B | -0.41 | -59.37% | ― | -28.73% | -60.86% |
* Real Estate Sector Average
HK:2202
China Vanke Co
2.42
-2.30
-48.73%
HK:0688
China Overseas Land & Investment
13.56
0.72
5.62%
HK:1113
CK Asset Holdings
44.66
12.00
36.73%
HK:1109
China Resources Land
32.08
6.21
24.01%
HK:0960
Longfor Group Holdings
7.02
-2.12
-23.22%
HK:0016
Sun Hung Kai Properties
112.70
27.39
32.10%
China Vanke Co Corporate Events
China Vanke Sets Repayment Plan for 2023 Third-Tranche Medium-Term Notes
Jun 12, 2026
China Vanke has detailed the repayment arrangements for its 2023 third-tranche medium-term notes, known as 23 Vanke MTN003, with a total issue amount of RMB 2 billion and a three-year term. The notes, bearing an interest rate of 3.07%, reach their...
China Vanke Ends Failed Tender for Huanshan Stake but Keeps Disposal Plan Alive
Jun 12, 2026
China Vanke has provided an update on its planned disposal of a 99.41% equity stake in its subsidiary Huanshan via a public tender on the Shenzhen Assets Exchange. The Hong Kong Stock Exchange approved the company’s application on how to cal...
China Vanke Secures RMB1.14 Billion Loan from Major Shareholder Shenzhen Metro
Jun 12, 2026
China Vanke has entered into a connected transaction with its substantial shareholder Shenzhen Metro Group, securing up to RMB1.14 billion in loan financing on what it describes as normal or better commercial terms. The facility, with a term of up...
China Vanke Wins Unanimous Holder Approval to Extend RMB2 Billion Medium-Term Notes
Jun 10, 2026
China Vanke has proposed and received unanimous approval from noteholders to adjust the principal and interest payment arrangements on its 2023 third-tranche medium-term notes, a RMB2 billion issue bearing a 3.07% coupon and originally maturing on...
China Vanke Wins Investor Support for RMB2 Billion Note Repayment Extension
Jun 10, 2026
China Vanke has outlined new payment terms for its 2023 fourth-tranche medium-term notes, with a principal size of RMB2 billion and a 3.07% coupon, following resolutions passed at a recent holders’ meeting. Noteholders who opt in will receiv...
China Vanke Details Shareholder Participation and Compliance at 2025 AGM
May 29, 2026
China Vanke Co., Ltd. held its 2025 annual general meeting in Shenzhen on 29 May 2026, combining on-site and online voting and confirming that the meeting complied with PRC company law, shareholder meeting rules and Hong Kong and Shenzhen listing ...
China Vanke Outlines Attendance Arrangements for 2025 AGM H-Shareholders
May 22, 2026
China Vanke has detailed arrangements for its H-share investors to attend the 2025 annual general meeting, scheduled for the afternoon of 29 May 2026 at the company’s Vanke Center headquarters in Shenzhen. The developer is asking H-sharehold...
China Vanke Adds Major Shareholder Loan Deals to 2025 AGM Agenda
May 14, 2026
China Vanke has added new shareholder loan-related items to the agenda of its 2025 annual general meeting, after its board approved resolutions on a RMB2.5 billion shareholder loan framework agreement with Shenzhen Metro Group and a supplemental a...
China Vanke Adds Major Shareholder Loan Proposals to 2025 AGM Agenda
May 14, 2026
China Vanke has issued a supplemental notice for its 2025 annual general meeting after major shareholder Shenzhen Metro Group, which holds over 27% of the company’s shares, formally submitted interim proposals related to substantial sharehol...
China Vanke Tightens Loan Terms and Secures RMB2.5 Billion Framework with Shenzhen Metro
May 12, 2026
China Vanke has signed a supplemental agreement with substantial shareholder Shenzhen Metro Group to revise the 2025 loan framework, adding new forms of security and updating collateral and loan-to-value requirements for existing loan arrangements...
China Vanke Details Repayment Arrangements for RMB 2 Billion Medium-Term Notes
May 11, 2026
China Vanke Co., Ltd. has announced the repayment arrangements for its 2023 medium-term notes (second tranche), known as 23 Vanke MTN002 with bond code 102381172. The issuance, which began accruing interest on 12 May 2023, has a three-year term an...
China Vanke adjusts terms on RMB2 billion medium-term notes, extends partial repayment
May 10, 2026
China Vanke has proposed adjustments to the principal and interest payment terms of its 2023 second-tranche medium-term notes, with a total principal of RMB2 billion and a 3.10% coupon, to address upcoming maturities. Noteholders who agree to the ...
China Vanke Board Backs New Executive Pay System and Sets 2025 AGM
May 8, 2026
China Vanke’s board has approved the establishment of a new remuneration management system for its directors and senior management, formalizing how pay will be structured and overseen. The measure, which received unanimous board support, is ...
China Vanke Sets 2025 AGM to Vote on Capital Mandate, Losses and Governance Changes
May 8, 2026
China Vanke has scheduled its 2025 annual general meeting for May 29, 2026, in Shenzhen, where shareholders of its H and A shares will be able to attend in person or by proxy subject to registration deadlines. The AGM agenda covers approval of the...
China Vanke to Sell 99.41% Stake in Huanshan for Minimum RMB3.27 Billion
Apr 29, 2026
China Vanke plans to dispose of a 99.41% equity interest in its subsidiary Huanshan Group Co., Ltd. through a public tender on the Shenzhen Assets Exchange, setting a minimum aggregate bidding price of RMB3.27 billion. Once completed, Huanshan wil...
China Vanke Narrows Quarterly Loss as Revenue Slides and Balance Sheet Softens
Apr 29, 2026
China Vanke Co., Ltd., one of China’s major property developers, reported a weaker start to 2026 as it continues to navigate pressure in the real estate market. The group operates under International Financial Reporting Standards and maintai...
China Vanke details repayment plan for 2023 first-tranche medium-term notes
Apr 21, 2026
China Vanke Co., Ltd. has announced the repayment arrangements for its 2023 first-tranche medium-term notes, known as 23 Vanke MTN001, issued in the onshore bond market. The notes, with a total issue size and current debt balance of RMB 2 billion,...
China Vanke Adjusts Repayment Terms on RMB2 Billion Medium-Term Notes
Apr 21, 2026
China Vanke has outlined revised payment terms for its 2023 first-tranche medium-term notes, a RMB2 billion issue with a 3.11% coupon originally maturing on 23 April 2026. The company will redeem RMB100,000 per account at the original maturity, pa...
China Vanke Sets April 29 Board Meeting to Approve Q1 2026 Results
Apr 16, 2026
China Vanke Co., Ltd. has scheduled a board meeting for 29 April 2026 in Shenzhen to review and approve the quarterly results of the company and its subsidiaries for the three months ended 31 March 2026. The meeting will also address the publicati...
China Vanke Posts 2025 Loss, Skips Dividend as Auditor Flags Going-Concern Risk
Mar 31, 2026
China Vanke has released its audited 2025 annual results, confirming that the full annual report will be available to H-shareholders and on the company and Hong Kong stock exchange websites in April 2026. The report is issued in both Chinese and E...
China Vanke Flags Heavy 2025 Impairments and Skips Dividend as Board Signs Off Results
Mar 31, 2026
China Vanke’s board convened its thirty-first meeting of the twentieth session in Shenzhen on 31 March 2026, with all eight directors participating either in person or by authorization, and confirmed that the meeting complied with the compan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.