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China Vanke Co
(2202)
China Vanke Co (2202) vs. iShares MSCI Hong Kong ETF (EWH)
China Vanke Co Business Overview & Revenue Model
China Vanke Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 283.31B | 343.18B | 465.74B | 503.84B | 452.80B | 419.11B |
| Gross Profit | 18.95B | 34.91B | 67.47B | 98.52B | 98.82B | 122.57B |
| EBITDA | -21.41B | -44.74B | 43.73B | 55.55B | 67.04B | 94.43B |
| Net Income | -28.01B | -49.48B | 12.16B | 37.55B | 38.07B | 59.30B |
Balance Sheet | ||||||
| Total Assets | 1.14T | 1.29T | 1.50T | 1.76T | 1.94T | 1.87T |
| Cash, Cash Equivalents and Short-Term Investments | 65.68B | 88.34B | 99.83B | 137.23B | 149.37B | 195.40B |
| Total Debt | 354.42B | 235.87B | 278.34B | 339.71B | 294.00B | 285.78B |
| Total Liabilities | 835.54B | 947.41B | 1.10T | 1.35T | 1.55T | 1.52T |
| Stockholders Equity | 175.75B | 202.67B | 250.78B | 242.69B | 235.95B | 224.51B |
Cash Flow | ||||||
| Free Cash Flow | -277.61M | -719.76M | -4.42B | -10.08B | -5.46B | 45.98B |
| Operating Cash Flow | -5.87B | 3.80B | 3.91B | 2.75B | 4.11B | 53.19B |
| Investing Cash Flow | 7.95B | 10.81B | -4.62B | -13.03B | -26.28B | 5.80B |
| Financing Cash Flow | -27.60B | -27.67B | -36.81B | 3.44B | -23.10B | -32.50B |
China Vanke Co Technical Analysis
China Vanke Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$156.09B | 13.75 | 2.92% | 4.33% | 9.72% | -26.47% | |
68 Neutral | HK$150.27B | 10.01 | 3.63% | 4.54% | -9.54% | -38.16% | |
67 Neutral | HK$107.55B | 25.08 | 2.41% | 5.62% | -0.48% | -13.78% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$70.03B | 8.17 | 4.81% | 3.96% | -16.02% | -30.04% | |
49 Neutral | HK$59.02B | -0.66 | -23.88% | ― | -28.36% | -206.13% | |
39 Underperform | HK$10.77B | -0.18 | ― | ― | -19.37% | 72.77% |
China Vanke Co Corporate Events
China Vanke has issued a profit alert for 2025, warning that it expects to post a net loss of about RMB 82 billion, significantly wider than the RMB 49.48 billion loss recorded a year earlier, with basic loss per share projected at roughly RMB 6.89. The company attributed the deeper losses mainly to a sharp decline in settlement scale for its real estate development projects and persistently low gross profit margins tied to high land acquisition costs, as well as higher provisions for credit and asset impairments, losses in certain operating and non-core financial investment businesses, and bulk asset and equity disposals below book value. Despite delivering 117,000 housing units with ensured quality and keeping its operational and service business revenues stable while cutting administrative expenses for a second consecutive year, China Vanke acknowledged that its development business remains under severe pressure and said it will focus on strategic refocusing, standardized operations, and technology-driven efficiency to optimize its business layout, adjust its structure, and mitigate risks as it works to pull out of its current downturn.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has disclosed the outcome of the first 2026 holders’ meeting for its 2022 fourth-tranche medium-term notes, identified under bond code 102282715 and abbreviated as 22 Vanke MTN004. Convened offsite on 21 January 2026 by Shanghai Pudong Development Bank via an online post‑issuance service platform and Tencent Meeting, the noteholders adopted resolutions relating to this RMB 2 billion bond issue, which had its principal payment date on 15 December 2025; the company has now formally issued its response to those resolutions, signaling ongoing engagement with onshore creditors and continued attention to the management of its domestic bond obligations.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced arrangements for the repayment of principal and interest during the grace period for its 2022 fourth-tranche medium-term notes, known as 22 Vanke MTN004. The notes, with a total issue amount and outstanding debt balance of RMB 2 billion, were issued for a three-year term starting 15 December 2022, and the company is taking steps to ensure the smooth progress of interest payments and redemption within the designated grace period, signaling attention to its debt-servicing obligations and creditor relations.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke has released an overseas regulatory announcement in Hong Kong concerning the first bondholders’ meeting of 2026 for its 2022 fifth-tranche medium-term notes (bond code 102282785, 22 Vanke MTN005), which had a principal payment date of 28 December 2025 and an outstanding balance of RMB 3.7 billion. The company disclosed that the meeting, convened offsite on 21 January 2026 by Bank of Communications via designated online platforms, has formed resolutions, to which Vanke has provided an official response, underscoring ongoing engagement with noteholders and formal communication around its onshore debt management.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke has announced arrangements to ensure the orderly interest payment and redemption of its 2022 fifth tranche medium-term notes, identified as 22 Vanke MTN005, during the grace period. The RMB 3.7 billion, three-year notes, which began accruing interest on 28 December 2022, remain fully outstanding, and the company’s clarification of repayment arrangements signals continued attention to managing its bond obligations and providing transparency to debt investors amid heightened scrutiny of Chinese developers’ funding and liquidity.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke’s board has approved a shareholder loan arrangement under which its largest shareholder, Shenzhen Metro Group, plans to provide up to RMB2.36 billion to the company on preferential terms. The three-year facility, priced at the one-year Loan Prime Rate minus 66 basis points and to be drawn before 31 January 2026, will be used specifically to repay principal and interest on bonds issued by China Vanke in the open market, easing near-term refinancing pressure. Independent non-executive directors stated that the loan is on fair, market-based terms and will not adversely affect the company’s financial position, while the structure qualifies as a connected transaction that is fully exempt from shareholder approval and additional disclosure requirements under Hong Kong listing rules, underscoring strong support from the state-backed cornerstone investor for Vanke’s liquidity and debt management.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke has withdrawn its application to spin off and separately list three high-standard warehouse logistics park projects via a publicly traded infrastructure securities investment fund on the Shenzhen Stock Exchange, a move taken after comprehensive consideration of external and market conditions and consultations among relevant parties. The company stated that the termination of the review and withdrawal of related application documents will not have a material adverse impact on its daily operations, and indicated it may restart the listing application when market conditions are more favorable, while advising shareholders and potential investors to exercise caution in trading its securities.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke has convened its first 2026 bondholders’ meeting for its 2021 corporate bonds specialized in rental housing (first tranche, variety II), known as “21 Vanke 02,” to consider proposals related to extending the maturity and repayment schedule of the bonds. The meeting, organized by bond trustee CITIC Securities under applicable corporate bond regulations and existing bondholder meeting rules, is part of the company’s effort to steadily promote the orderly repayment of principal and interest on this rental-housing-focused instrument, with implications for bondholder returns and Vanke’s ongoing management of its financing structure amid a challenging property market environment.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.50 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced that executive director and executive vice president Mr. Yu Liang has resigned effective 8 January 2026 upon reaching the company’s retirement age, and he will no longer hold any position within the group. The board stated that Yu, who holds 7,394,945 A-shares in the company, has no disagreements with the board and that his departure will not affect board quorum or the company’s normal operations, with a by-election to appoint new director(s) to be carried out in accordance with legal procedures in due course.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced the composition of its 20th board of directors, confirming a total of eight directors, including non-executive, executive and independent non-executive members, reflecting a governance structure aligned with Hong Kong listing requirements and corporate best practices in the property sector. The company detailed the roles and functions of each director and the membership of three specialised board committees—Audit, Remuneration and Nomination, and Investment and Decision-making—signalling an emphasis on oversight, remuneration governance and investment decisions at a time when board composition and independence are closely scrutinised by investors and regulators in China’s real estate industry.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has issued an announcement responding to resolutions passed at the first 2025 bondholders’ meeting for its 2022 fifth-tranche medium-term notes, which carry a remaining balance of RMB 370 million and have a principal repayment date of 28 December 2025. The meeting, convened off-site by Bank of Communications on 22 December 2025 via an online post-issuance service platform and Tencent Meeting, reflects ongoing engagement between Vanke and its noteholders over the management and servicing of this onshore debt, underscoring the company’s efforts to address investor concerns and maintain orderly financing arrangements in the domestic bond market.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced adjustments to the repayment arrangements for its 2022 fifth tranche medium-term notes (bond abbreviation: 22 Vanke MTN005, bond code: 102282785), originally issued in a total amount of RMB 3.7 billion with interest commencing on 28 December 2022. The company is extending the grace period and setting out measures to ensure the orderly payment of interest and principal on this note, a move that underscores its efforts to manage near-term liquidity and maintain stability in its onshore debt structure for bondholders and other stakeholders.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has issued an overseas regulatory announcement detailing its response to resolutions passed at the second 2025 holders’ meeting for its 2022 fourth-tranche medium-term notes, known as 22 Vanke MTN004. The meeting, convened offsite on 18 December 2025 by Shanghai Pudong Development Bank via an online post-issuance service platform and Tencent Meeting, concerned a bond with principal repayment due on 15 December 2025 and an outstanding balance of 2,000,000. The company’s disclosure underscores ongoing engagement with noteholders and adherence to regulatory and bondholder communication requirements in the context of its onshore debt management.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced arrangements concerning its 2022 fourth-tranche medium-term notes, identified as 22 Vanke MTN004 with a bond code of 102282715 and a total issuance size of RMB 2 billion, including an extension of the grace period and a plan for the payment of principal and interest. The move is aimed at ensuring the orderly servicing and redemption of this onshore debt instrument, signaling the company’s efforts to manage near‑term liquidity and maintain stability in its bond repayment schedule, an issue closely watched by creditors and other stakeholders amid ongoing stress in China’s property financing markets.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. announced the arrangement for the repayment of principal and interest during the grace period for its medium-term notes issued in 2022, specifically the fourth tranche. This announcement ensures the smooth progress of interest payment and redemption for these notes, reflecting the company’s commitment to maintaining its financial obligations and potentially impacting its credit standing positively.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. announced the resolution from its first holders’ meeting of 2025 concerning the medium-term notes issued in 2022, fourth tranche. This announcement reflects the company’s ongoing efforts to manage its financial instruments and maintain transparency with stakeholders, potentially impacting its financial strategy and investor relations.
The most recent analyst rating on (HK:2202) stock is a Sell with a HK$2.70 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. held its first extraordinary general meeting (EGM) of 2025, where both on-site and online voting were utilized. The meeting was compliant with relevant laws and regulations, and a substantial shareholder, Shenzhen Metro Group, abstained from voting due to a material interest in a related agreement. The EGM saw participation from various shareholders, with a significant portion of shares represented in the voting process.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has issued an announcement regarding the arrangements for H Shareholders to attend the first extraordinary general meeting (EGM) of 2025. The company recommends that H Shareholders or their proxies register their contact information at least 24 hours prior to the EGM for better service. Shareholders can also submit proxy forms to appoint representatives to attend and vote at the EGM. These recommendations aim to facilitate smooth participation without affecting the rights of shareholders to attend and vote.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced a board resolution approving a shareholder’s loan from its substantial shareholder, Shenzhen Metro Group Co., Ltd., amounting to up to RMB1,666 million. This loan is intended to repay the principal and accrued interest on bonds issued by the company in the open market. The loan, which has a term not exceeding three years, features an interest rate based on the 1-year Loan Prime Rate with a floating point adjustment. This financial arrangement is expected to aid China Vanke in managing its debt obligations, potentially strengthening its financial stability and market position.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has announced the convening of its 2025 first extraordinary general meeting (EGM) to be held on November 20, 2025, in Shenzhen, PRC. The meeting will address key resolutions including the approval and ratification of a Loan Framework Agreement with Shenzhen Metro Group and the associated transactions. This development signifies a strategic financial collaboration that could potentially enhance Vanke’s operational capabilities and strengthen its market position.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has entered into a Loan Framework Agreement with its substantial shareholder, Shenzhen Metro Group, for a loan of up to RMB22 billion. This agreement, which involves both unsecured and secured loans, is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring independent shareholder approval. An Independent Board Committee and Financial Advisor have been appointed to assess the fairness and reasonableness of the terms. The agreement is expected to impact the company’s financial operations and requires shareholder approval at an upcoming extraordinary general meeting (EGM).
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. held its twenty-sixth board meeting to approve the 2025 Third Quarterly Report and financial statements, as well as the recognition and write-off of impairment provisions for the third quarter. The company recognized new impairment provisions totaling RMB9,367.9452 million, primarily due to changes in consolidation scope, and reversed or wrote off RMB1,708.2637 million. These financial adjustments reflect the company’s ongoing efforts to manage its asset value effectively, impacting its financial health and stakeholder interests.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. has released its unaudited quarterly report for the third quarter of 2025, revealing a significant decline in financial performance. The company reported a 26.61% decrease in revenue and a 56.14% increase in losses attributable to shareholders compared to the same period last year. The report highlights challenges in the real estate market, impacting the company’s operations and financial health, with a notable decrease in total assets and equity.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.
China Vanke Co., Ltd. announced that its board of directors has approved a shareholder’s loan from its largest shareholder, Shenzhen Metro Group, amounting to up to RMB2,200 million. This loan is intended to help the company repay the principal and accrued interest on bonds issued in the open market. The loan has a term of up to three years with an interest rate based on the 1-year Loan Prime Rate minus 66 basis points. The arrangement reflects a strategic financial maneuver to manage debt obligations and could enhance the company’s liquidity position, potentially impacting its market standing and stakeholder confidence.
The most recent analyst rating on (HK:2202) stock is a Hold with a HK$5.60 price target. To see the full list of analyst forecasts on China Vanke Co stock, see the HK:2202 Stock Forecast page.