GoAI
Get started
China Vanke Co., Ltd. logo

China Vanke Co., Ltd.

2202.HK

HKSEReal EstateReal Estate - Development

Open in GoAI

Latest quote

HK$2.36

−HK$0.08 · -3.28%

Aug 24, 4:08 PM HKT

2202.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 Property Management. Its development portfolio encompasses residential homes, commercial office buildings, and a range of supporting facilities. Beyond creating properties, China Vanke provides property management and associated services not only for its own developed residential, retail, and office spaces but also for properties constructed by other developers. Additionally, the company undertakes construction contracts. Its business interests are diversified to include logistics and warehousing, hotel and resort operations, educational services, and housing rental solutions. Founded in 1984, the company maintains its headquarters in Shenzhen, People's Republic of China.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
CN
CEO
Jia Sun
Listed since
Jun 25, 2014
Employees
131,429

Market position

Day range

Current HK$2.36

52-week range

Current HK$2.36

Open
HK$2.44
Previous close
HK$2.44
Volume
11.85M
0.53× average
Average volume
22.34M
Average daily volume
Market cap
41.39B HKD
Beta
0.64
Market reference 1
50-day average
HK$2.4117
-2.14% below average
200-day average
HK$3.1457
-24.98% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
176.99B CNY
EV / EBITDA
-3.21×
Earnings yield
-252.88%
Free cash flow yield
-11.95%

Profitability & efficiency

Return on equity
-75.75%
Return on assets
-8.68%
Return on invested capital
-14.74%

Financial health

Current ratio
1.23×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%4%-20%-44%Gross margin, FY2021: 21.82%Gross margin, FY2022: 19.55%Gross margin, FY2023: 14.49%Gross margin, FY2024: 10.17%Gross margin, FY2025: 9.46%Operating margin, FY2021: 11.60%Operating margin, FY2022: 10.32%Operating margin, FY2023: 6.28%Operating margin, FY2024: -13.30%Operating margin, FY2025: -30.42%Net margin, FY2021: 8.41%Net margin, FY2022: 7.45%Net margin, FY2023: 2.61%Net margin, FY2024: -14.42%Net margin, FY2025: -37.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.82%. Gross margin FY2022 19.55%. Gross margin FY2023 14.49%. Gross margin FY2024 10.17%. Gross margin FY2025 9.46%. Operating margin FY2021 11.60%. Operating margin FY2022 10.32%. Operating margin FY2023 6.28%. Operating margin FY2024 -13.30%. Operating margin FY2025 -30.42%. Net margin FY2021 8.41%. Net margin FY2022 7.45%. Net margin FY2023 2.61%. Net margin FY2024 -14.42%. Net margin FY2025 -37.94%.

Income trends

Revenue

233.43B CNY-31.98%

Operating income

−71B CNY-55.55%

Net income

−88.56B CNY-78.98%
Income trends across reported periods563.08B CNY326.12B CNY89.16B CNY−147.8B CNYRevenue, FY2021: 452.8B CNYRevenue, FY2022: 503.84B CNYRevenue, FY2023: 465.74B CNYRevenue, FY2024: 343.18B CNYRevenue, FY2025: 233.43B CNYOperating income, FY2021: 52.53B CNYOperating income, FY2022: 52.01B CNYOperating income, FY2023: 29.25B CNYOperating income, FY2024: −45.64B CNYOperating income, FY2025: −71B CNYNet income, FY2021: 38.07B CNYNet income, FY2022: 37.55B CNYNet income, FY2023: 12.16B CNYNet income, FY2024: −49.48B CNYNet income, FY2025: −88.56B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 452.8B CNY. Revenue FY2022 503.84B CNY. Revenue FY2023 465.74B CNY. Revenue FY2024 343.18B CNY. Revenue FY2025 233.43B CNY. Operating income FY2021 52.53B CNY. Operating income FY2022 52.01B CNY. Operating income FY2023 29.25B CNY. Operating income FY2024 −45.64B CNY. Operating income FY2025 −71B CNY. Net income FY2021 38.07B CNY. Net income FY2022 37.55B CNY. Net income FY2023 12.16B CNY. Net income FY2024 −49.48B CNY. Net income FY2025 −88.56B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue233.43B CNY343.18B CNY465.74B CNY503.84B CNY452.8B CNY
Cost of goods sold211.35B CNY308.26B CNY398.27B CNY405.32B CNY353.98B CNY
Gross profit22.09B CNY34.91B CNY67.47B CNY98.52B CNY98.82B CNY
Research and development444.03M CNY507.84M CNY535.99M CNY685.86M CNY642.37M CNY
Selling, general, and administrative13.67B CNY16.78B CNY18.04B CNY22B CNY23.05B CNY
Operating expenses93.08B CNY80.56B CNY38.21B CNY47.08B CNY44.75B CNY
Interest income1.36B CNY2.04B CNY2.58B CNY3.57B CNY3.82B CNY
Interest expense8.5B CNY−5.71B CNY4.84B CNY5.89B CNY7.86B CNY
Depreciation and amortization10.35B CNY8.72B CNY9.08B CNY9.3B CNY8.06B CNY
Operating income−71B CNY−45.64B CNY29.25B CNY52.01B CNY52.53B CNY
Net income−88.56B CNY−49.48B CNY12.16B CNY37.55B CNY38.07B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 10 misses, 0 met estimates
Average EPS surprise
-806.00%
11 comparable reports
Latest EPS result
-0.57
Estimate -0.19 · Miss by 193.30%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.01-2.11-4.21-6.3Q4 '24MissQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Estimate
Q4 2024, reported Oct 31, 2024: actual -0.755, estimate -0.053, surprise -1324.32%, Miss. Q1 2025, reported Mar 31, 2025: actual -1.33, estimate -1.13, surprise -17.41%, Miss. Q2 2025, reported Apr 28, 2025: actual -0.562, estimate -0.012, surprise -4749.96%, Miss. Q3 2025, reported Aug 28, 2025: actual -0.199, estimate -0.241, surprise +17.43%, Beat. Q4 2025, reported Oct 28, 2025: actual -1.47, estimate -0.106, surprise -1283.74%, Miss. Q1 2026, reported Mar 31, 2026: actual -5.84, estimate -1.29, surprise -352.11%, Miss. Q2 2026, reported Apr 29, 2026: actual -0.572, estimate -0.195, surprise -193.30%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate -0.209, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates143.5B103.88B64.27B24.65BQ4 '24BeatQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 31, 2024: actual 85.33B HKD, estimate 52.48B HKD, surprise +62.60%, Beat. Q1 2025, reported Mar 31, 2025: actual 131.98B HKD, estimate 135.02B HKD, surprise -2.25%, Miss. Q2 2025, reported Apr 28, 2025: actual 40.54B HKD, estimate 47.12B HKD, surprise -13.95%, Miss. Q3 2025, reported Aug 28, 2025: actual 73.4B HKD, estimate 32.98B HKD, surprise +122.59%, Beat. Q4 2025, reported Oct 28, 2025: actual 59.79B HKD, estimate 40.19B HKD, surprise +48.76%, Beat. Q1 2026, reported Mar 31, 2026: actual 83.04B HKD, estimate 100.57B HKD, surprise -17.43%, Miss. Q2 2026, reported Apr 29, 2026: actual 33.16B HKD, estimate 29.76B HKD, surprise +11.42%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 29B HKD, surprise —, Comparison unavailable.

2202.HK peers

Sun Hung Kai Properties Limited logo

0016.HK

Sun Hung Kai Properties Limited

HK$126.3

-1.48%

China Resources Land Limited logo

1109.HK

China Resources Land Limited

HK$34.22

-3.28%

CK Asset Holdings Limited logo

1113.HK

CK Asset Holdings Limited

HK$47.32

0.00%

China Overseas Land & Investment Ltd. logo

0688.HK

China Overseas Land & Investment Ltd.

HK$13.83

-1.91%

KE Holdings Inc. logo

2423.HK

KE Holdings Inc.

HK$47.00

+3.57%

Henderson Land Development Company Limited logo

0012.HK

Henderson Land Development Company Limited

HK$30.18

-0.07%

ETFs holding 2202.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
10.11M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71—
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
9.74M
Weight
0.01%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45—
Schwab Fundamental Emerging Markets Large Company Index ETF logoSchwab Fundamental Emerging Markets Large Company Index ETFFNDE
Market value
8.89M
Weight
0.09%
AUM
10.2B USD
Expense ratio
0.39%
Price / 1D
$41.87—
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
3.24M
Weight
0.01%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24—
Invesco RAFI Emerging Markets ETF logoInvesco RAFI Emerging Markets ETFPXH
Market value
2.98M
Weight
0.15%
AUM
2B USD
Expense ratio
0.47%
Price / 1D
$29.37—
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
2.54M
Weight
0.06%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71—
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
1.63M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69—
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
820.3K
Weight
0.00%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.38—

Continue in GoAI

Research 2202.HK

research.disclaimer