Shares of China Vanke (SZ:000002) fell on Tuesday after the property developer warned of a wider first-half net loss of up to 12 billion yuan ($1.65 billion), citing lower settlement volumes, asset impairments, and weaker bulk asset transactions.
The company expects to report a net loss between 10 billion yuan and 12 billion yuan for the half-year ended June 30, deepening from a 9.85 billion yuan loss a year earlier.
Hong Kong-listed shares (HK:2202) of the company declined 3.5% to HK$5.13, while Shenzhen-listed stock fell 2.3% to 6.51 yuan, as of 03:03 GMT.
China Vanke has posted steeper-than-expected losses in the first quarter of 2025.
