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<Results>CHINA VANKE Annual Results Swing to Loss RMB49.478B
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CHINA VANKE (02202.HK) announced its 2024 annual results, revealing revenue of RMB343.176 billion, a 26.3% YoY decline. Gross profit fell 58.7% to RMB27.8429 billion. The company recorded a net loss of RMB49.478 billion, a stark contrast to the net profit of RMB12.163 billion in the previous year. The company achieved a sales amount of RMB246.02 billion, topping the industry ranking in terms of sales area, with a sales recovery rate of over 100%. It also achieved a net cash inflow from operations of RMB3.8 billion for the entire year, which has been remained positive for 16 consecutive years. AAStocks Financial News |
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