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China Vanke Co
(2202)
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Rating:44Neutral
Price Target:
HK$2.00
â–¼(-17.36% Downside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by weak financial performance, including sustained large losses, declining revenue, and high leverage, with only limited relief from recently positive but modest cash flow. Technicals also remain bearish (price below key moving averages, negative MACD), despite oversold signals. Valuation contributes only modestly because negative earnings make P/E less informative and no dividend yield is available.
Positive Factors
Recent Positive Cash Flow
Positive operating and free cash flow provide some internal funding for ongoing operations and project commitments. Although coverage remains weak and cash flow has been volatile, the improvement from 2025 offers a useful foundation for financial stabilization over the coming quarters.
Negative Factors
Sustained Loss-Making Profile
Deeply negative margins indicate that current revenue is not translating into sustainable earnings. The shift from profits to large losses weakens retained capital, limits reinvestment capacity, and makes recovery dependent on restoring project profitability rather than merely maintaining sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Positive Cash Flow
Positive operating and free cash flow provide some internal funding for ongoing operations and project commitments. Although coverage remains weak and cash flow has been volatile, the improvement from 2025 offers a useful foundation for financial stabilization over the coming quarters.
Read all positive factors
China Vanke Co (2202) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$41.32B
Dividend Yield7.6%
Average Volume (3M)47.77M
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth-35.13%
EPS Growth-45.10%
CountryHK
Employees131,429
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-7.10
Shares Outstanding2,206,513,000
10 Day Avg. Volume26,691,018
30 Day Avg. Volume47,773,896
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$2.13Price Target Upside-11.85% Downside
Rating ConsensusStrong Sell
Number of Analyst Covering3
EPS Forecast (FY)-2.82
Revenue Forecast (FY)HK$207.80B
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 generates revenue from real-estate development by selling completed (and in some cases pre-sold) residential units and related property products to homebuyers; this typically represents the largest share of its revenue and is drive...
China Vanke Co Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
24
Negative
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 176.24B | 233.43B | 343.18B | 465.74B | 503.84B | 452.80B |
| Gross Profit | 1.33B | 22.09B | 34.91B | 67.47B | 98.52B | 98.82B |
| EBITDA | -55.50B | -55.07B | -44.74B | 43.73B | 55.55B | 67.04B |
| Net Income | -84.45B | -88.56B | -49.48B | 12.16B | 37.55B | 38.07B |
Balance Sheet | ||||||
| Total Assets | 932.80B | 1.02T | 1.29T | 1.50T | 1.76T | 1.94T |
| Cash, Cash Equivalents and Short-Term Investments | 52.47B | 67.31B | 88.34B | 99.83B | 137.23B | 149.37B |
| Total Debt | 170.24B | 209.21B | 235.87B | 278.34B | 339.71B | 294.00B |
| Total Liabilities | 727.23B | 784.76B | 947.41B | 1.10T | 1.35T | 1.55T |
| Stockholders Equity | 93.09B | 116.91B | 202.67B | 250.78B | 242.69B | 235.95B |
Cash Flow | ||||||
| Free Cash Flow | 1.19B | -4.18B | -719.76M | -4.42B | -10.08B | -5.46B |
| Operating Cash Flow | 2.62B | -988.13M | 3.80B | 3.91B | 2.75B | 4.11B |
| Investing Cash Flow | 2.72B | 3.69B | 10.81B | -4.62B | -13.03B | -26.28B |
| Financing Cash Flow | -18.65B | -24.92B | -27.67B | -36.81B | 3.44B | -23.10B |
China Vanke Co Technical Analysis
Negative
2.42
Price Trends
2.43
Negative
2.43
Negative
2.85
Negative
Market Momentum
-0.07
Positive
36.70
Neutral
8.39
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 2.42 is below the 20-day moving average (MA) of 2.47, below the 50-day MA of 2.43, and below the 200-day MA of 2.85, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 36.70 is Neutral, neither overbought nor oversold. The STOCH value of 8.39 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$161.55B | 12.21 | 3.39% | 3.90% | 47.69% | 16.48% | |
73 Outperform | HK$315.57B | 14.72 | 3.41% | 3.47% | 17.33% | 11.15% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$217.21B | 7.88 | 8.04% | 4.40% | -11.74% | -11.38% | |
51 Neutral | HK$138.89B | 10.66 | 2.82% | 3.78% | 4.14% | -16.76% | |
47 Neutral | HK$31.39B | -96.20 | -0.14% | 4.16% | -41.83% | -102.04% | |
44 Neutral | HK$41.32B | -0.45 | -79.94% | 7.60% | -35.13% | -45.10% |
* Real Estate Sector Average
HK:2202
China Vanke Co
2.16
-2.25
-51.02%
HK:0688
China Overseas Land & Investment
12.69
0.16
1.29%
HK:1113
CK Asset Holdings
46.16
9.12
24.61%
HK:1109
China Resources Land
30.46
3.45
12.75%
HK:0960
Longfor Group Holdings
4.54
-4.99
-52.39%
HK:0016
Sun Hung Kai Properties
108.90
17.80
19.54%
China Vanke Co Corporate Events
China Vanke narrows loss as revenue plunges in Q3 2026
Oct 29, 2026
China Vanke reported unaudited results for the third quarter and first nine months of 2026, prepared under IFRS and released as inside information under Hong Kong listing rules. The board and senior management affirmed the accuracy of the data, no...
China Vanke Sets Late-October Board Meeting to Approve Q3 and Nine-Month Results
Oct 15, 2026
China Vanke Co., Ltd. has scheduled a board meeting for 29 October 2026 in Shenzhen to review and approve the quarterly results of the company and its subsidiaries for the three and nine months ended 30 September 2026. The board will also consider...
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...
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.