China Vanke Co Ltd (HK:2202)
:2202
Want to see HK:2202 full AI Analyst Report?
Top Page
China Vanke Co
(2202)
Select Model
Select Model
Rating:41Neutral
Price Target:
HK$3.00
▼(-20.21% 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
Diversified revenue: development plus recurring property management
A dual model—project sales plus recurring property management fees—provides structural diversification. Recurring service fees scale with units under management and smooth revenue volatility from cyclical property sales, supporting more stable cash flow profiles over 2–6 months.
Negative Factors
Severe margin compression and sustained net losses
Sharp margin collapse and large net losses indicate lasting pressure from pricing, impairments, or higher costs. Eroded profitability reduces retained earnings and hampers the firm's ability to self-fund projects and absorb shocks, constraining strategic flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue: development plus recurring property management
A dual model—project sales plus recurring property management fees—provides structural diversification. Recurring service fees scale with units under management and smooth revenue volatility from cyclical property sales, supporting more stable cash flow profiles over 2–6 months.
Read all positive factors
China Vanke Co (2202) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$46.49B
Dividend YieldN/A
Average Volume (3M)35.86M
Price to Earnings (P/E)―
Beta (1Y)2.30
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)-1.9
Revenue Forecast (FY)HK$201.51B
China Vanke Co Business Overview & Revenue Model
Company Description
China Vanke Co., Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally. The company operates through Property Development and Property Management segments. It ...
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
3.10
Negative
3.36
Negative
4.08
Negative
Market Momentum
-0.01
Positive
38.77
Neutral
10.92
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 3.05, above the 50-day MA of 3.10, and below the 200-day MA of 4.08, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.77 is Neutral, neither overbought nor oversold. The STOCH value of 10.92 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$397.29B | 6.70 | 3.55% | 3.89% | 4.66% | 26.27% | |
74 Outperform | HK$177.61B | 7.34 | 2.75% | 4.33% | 27.01% | -20.16% | |
73 Outperform | HK$248.58B | 3.64 | 8.80% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | HK$172.05B | 10.85 | 3.54% | 4.54% | -9.39% | -19.08% | |
58 Neutral | HK$58.07B | 51.26 | 0.65% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$46.49B | -1.28 | -59.37% | ― | -28.73% | -60.86% |
* Real Estate Sector Average
HK:2202
China Vanke Co
2.81
-2.39
-45.96%
HK:0688
China Overseas Land & Investment
15.72
2.92
22.81%
HK:1113
CK Asset Holdings
50.75
19.49
62.35%
HK:1109
China Resources Land
34.86
10.68
44.17%
HK:0960
Longfor Group Holdings
8.39
-1.54
-15.49%
HK:0016
Sun Hung Kai Properties
137.10
57.67
72.61%
China Vanke Co Corporate Events
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...
China Vanke Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 17, 2026
China Vanke has scheduled a board meeting for 31 March 2026 in Shenzhen to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider whether to recommend a...
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.