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China Vanke Co
(2202)
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Rating:47Neutral
Price Target:
HK$3.00
â–²(23.97% Upside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by sharply deteriorating financial performance—large recent losses, shrinking revenue, elevated leverage, and fragile cash generation. Technical indicators provide some near-term support (price above key short/mid-term moving averages with positive MACD), but valuation remains weak due to a loss-making profile and no dividend yield data.
Positive Factors
Diversified property income model
The combination of development, property services, and rental-oriented operations gives Vanke more than one route to generate revenue. Recurring service and rental income can provide a steadier base than project deliveries alone, supporting business resilience over the next several quarters.
Negative Factors
Severe profitability deterioration
The shift from earlier profits to very large recent losses signals a substantial deterioration in earnings power. Deeply negative net margins reduce internal funding capacity, weaken returns on capital, and make recovery dependent on improving project economics and delivery performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified property income model
The combination of development, property services, and rental-oriented operations gives Vanke more than one route to generate revenue. Recurring service and rental income can provide a steadier base than project deliveries alone, supporting business resilience over the next several quarters.
Read all positive factors
China Vanke Co (2202) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$54.47B
Dividend Yield7.6%
Average Volume (3M)46.15M
Price to Earnings (P/E)―
Beta (1Y)1.86
Revenue Growth-34.04%
EPS Growth-80.30%
CountryHK
Employees131,429
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-7.68
Shares Outstanding2,206,513,000
10 Day Avg. Volume88,155,402
30 Day Avg. Volume46,148,048
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$2.10Price Target Upside-13.22% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-2.74
Revenue Forecast (FY)HK$205.68B
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’s core revenue model is centered on real estate development: it acquires land use rights, plans and constructs residential (and some commercial) projects, and generates revenue from contracted sales and the recognized delivery of completed p...
China Vanke Co Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
32
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 196.12B | 233.43B | 343.18B | 465.74B | 503.84B | 452.80B |
| Gross Profit | -5.64B | 22.09B | 34.91B | 67.47B | 98.52B | 98.82B |
| EBITDA | -62.29B | -55.07B | -44.74B | 43.73B | 55.55B | 67.04B |
| Net Income | -91.52B | -88.56B | -49.48B | 12.16B | 37.55B | 38.07B |
Balance Sheet | ||||||
| Total Assets | 959.59B | 1.02T | 1.29T | 1.50T | 1.76T | 1.94T |
| Cash, Cash Equivalents and Short-Term Investments | 59.04B | 67.31B | 88.34B | 99.83B | 137.23B | 149.37B |
| Total Debt | 378.59B | 209.21B | 235.87B | 278.34B | 339.71B | 294.00B |
| Total Liabilities | 743.82B | 784.76B | 947.41B | 1.10T | 1.35T | 1.55T |
| Stockholders Equity | 102.16B | 116.91B | 202.67B | 250.78B | 242.69B | 235.95B |
Cash Flow | ||||||
| Free Cash Flow | 14.94M | -4.18B | -719.76M | -4.42B | -10.08B | -5.46B |
| Operating Cash Flow | 2.50B | -988.13M | 3.80B | 3.91B | 2.75B | 4.11B |
| Investing Cash Flow | 2.01B | 3.69B | 10.81B | -4.62B | -13.03B | -26.28B |
| Financing Cash Flow | -20.57B | -24.92B | -27.67B | -36.81B | 3.44B | -23.10B |
China Vanke Co Technical Analysis
Positive
2.42
Price Trends
2.45
Positive
2.49
Positive
2.94
Negative
Market Momentum
0.09
Negative
61.18
Neutral
64.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2202, the sentiment is Positive. The current price of 2.42 is below the 20-day moving average (MA) of 2.45, below the 50-day MA of 2.45, and below the 200-day MA of 2.94, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 61.18 is Neutral, neither overbought nor oversold. The STOCH value of 64.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$158.75B | 11.96 | 3.39% | 3.98% | 47.69% | 16.48% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$209.65B | 7.69 | 8.04% | 4.54% | -11.74% | -11.38% | |
62 Neutral | HK$304.27B | 14.11 | 3.41% | 2.75% | 17.93% | 11.15% | |
51 Neutral | HK$140.75B | 10.99 | 2.82% | 3.69% | 4.14% | -16.76% | |
47 Neutral | HK$54.47B | -0.55 | -72.47% | 7.60% | -34.04% | -80.30% | |
45 Neutral | HK$36.65B | -112.92 | -0.14% | 3.57% | -41.83% | -102.04% |
* Real Estate Sector Average
HK:2202
China Vanke Co
2.80
-2.67
-48.81%
HK:0688
China Overseas Land & Investment
13.00
-0.42
-3.16%
HK:1113
CK Asset Holdings
45.22
9.14
25.33%
HK:1109
China Resources Land
29.54
1.68
6.02%
HK:0960
Longfor Group Holdings
5.29
-5.43
-50.63%
HK:0016
Sun Hung Kai Properties
104.40
14.51
16.14%
China Vanke Co Corporate Events
China Vanke Publishes Unaudited Interim Results for First Half of 2026
Aug 27, 2026
China Vanke has released its unaudited interim results for the six months ended 30 June 2026, prepared in accordance with IAS 34 and reviewed by Deloitte Touche Tohmatsu under ISRE 2410. The full interim report will be made available online in Sep...
China Vanke Board Approves 2026 Interim Results, Withholds Mid-Year Dividend
Aug 27, 2026
China Vanke’s board held its second meeting of the twenty-first session on 27 August 2026 in Shenzhen, with all 11 directors participating either in person or via electronic means, and confirmed that the meeting complied with PRC company law...
China Vanke Sets Late-August Board Meeting to Approve Interim Results
Aug 13, 2026
China Vanke has scheduled a board meeting for 27 August 2026 to review and approve the interim results of the company and its subsidiaries for the six months ended 30 June 2026. The planned meeting signals the forthcoming release of mid-year finan...
China Vanke Confirms 2026 EGM Results and Forms New Board Session
Jul 31, 2026
China Vanke Co., Ltd. announced that its first extraordinary general meeting of 2026 was duly convened in Shenzhen on 31 July, with both on-site and A-share online voting used to pass resolutions related to corporate governance. The meeting was or...
China Vanke Reshapes Board Leadership and Committees in New Session
Jul 31, 2026
China Vanke’s board convened its first meeting of the twenty-first session on 31 July 2026 in Shenzhen following the extraordinary general meeting, confirming compliance with PRC company law and Hong Kong listing rules. The meeting marked a ...
China Vanke Details Board Composition and Governance Committees
Jul 31, 2026
China Vanke Co., Ltd., a major Chinese property developer listed in Hong Kong, has a diversified board structure that includes executive, non-executive and independent non-executive directors. The company operates under PRC corporate law as a join...
China Vanke Outlines Arrangements for H Shareholders at 2026 Extraordinary Meeting
Jul 24, 2026
China Vanke has issued an indicative announcement detailing arrangements for H shareholders to attend its first extraordinary general meeting of 2026, scheduled for 3:30 p.m. on 31 July 2026 at Vanke Center in Shenzhen. The company reiterates that...
China Vanke Secures RMB519 Million Loan From Major Shareholder Shenzhen Metro Group
Jul 21, 2026
China Vanke has entered into a connected transaction with its substantial shareholder Shenzhen Metro Group, securing access to a loan facility of up to RMB519 million. The facility carries a floating interest rate set at the one-year Loan Prime Ra...
China Vanke Flags Wider Interim Loss as Property Downturn Persists
Jul 10, 2026
China Vanke has warned that it expects to report a net loss of RMB12 billion to RMB15 billion for the first half of 2026, slightly wider than the loss recorded a year earlier. The company attributes the continued red ink to a sharp decline in real...
China Vanke Calls 2026 EGM to Elect New Board and Revise Director Pay
Jul 10, 2026
China Vanke Co., Ltd. has called its first extraordinary general meeting of 2026 for 31 July in Shenzhen, inviting eligible H-share holders registered as of 24 July to attend or vote by proxy on key corporate governance matters. The meeting unders...
China Vanke Sets New Board Line-Up and Staff Representation for Next Three-Year Term
Jul 10, 2026
China Vanke Co., Ltd. announced a comprehensive reshuffle of its board, initiating the election of non-independent directors, independent directors and a staff representative director for the twenty-first board session. The move underscores the de...
China Vanke Pledges RMB1.14 Billion in Receivables to Secure Shenzhen Metro Loan
Jul 2, 2026
China Vanke has entered into a new pledge agreement involving its controlling subsidiary Beijing Zhongsheng Xingjian Real Estate Development Co., Ltd. and substantial shareholder Shenzhen Metro Group. The agreement leverages accounts receivable fr...
China Vanke Appoints Huang Yu as New President
Jul 2, 2026
China Vanke has appointed Huang Yu as president of the company, following nomination by the chairman and approval at the thirty-sixth meeting of the twentieth session of its board. His term runs from the date of board approval until the end of the...
China Vanke Independent Director Resigns as Six-Year Term Ends
Jun 30, 2026
China Vanke announced that independent non-executive director Zhang Yichen has resigned from the board and its Investment and Decision-making Committee after serving six consecutive years, in compliance with Chinese regulations that cap independen...
China Vanke Sets Out Board Line-Up and Key Committee Roles
Jun 30, 2026
China Vanke Co., Ltd. announced the composition of its 20th board of directors, confirming seven members that include three non-executive directors, one executive director and three independent non-executive directors. The board is chaired by non-...
China Vanke Outlines Repayment Plan for 2023 Medium-Term Notes
Jun 30, 2026
China Vanke has detailed the repayment arrangements for its 2023 fourth tranche medium-term notes, known as 23 Vanke MTN004, with an issuance amount of RMB 2.0 billion, a three-year term, and a coupon rate of 3.07%. The principal and interest are ...
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.