1. People's Republic of China Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
China Vanke Co., Ltd.

China Vanke Co., Ltd.

2202.HK
China Vanke Co., Ltd.HK flagHong Kong Stock Exchange
2.39
HKD
+0.13
- -
41.92BMarket Cap
China Vanke Co., Ltd.
2202.HK
(Hong Kong Stock Exchange)

Recent

price

2.39

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.6
6.56
9.37
12.27
13.29
17.7
21.73
21.99
26.97
32.84
36.54
39
43.53
39.44
28.92
19.64
14.14
Revenue per Share
0.66
0.88
1.14
1.37
1.43
1.64
1.9
2.54
3.06
3.47
3.62
1.94
1.96
1.03
-4.17
-7.45
-6.06
Basic EPS, GAAP
0.18
0.29
0.32
-0.05
3.62
1.27
3.38
7.24
2.51
3.52
4.01
-0.47
-0.87
-0.37
-0.06
-0.35
-0.12
Free Cash Flow per Basic Share
0.31
0.48
0.52
0.73
0.97
0.97
1.15
1.44
2.17
2.29
2.38
2.31
2.04
1.87
1.12
1.06
0.54
Dividend per Share
2.22
2.74
3.42
4.32
4.82
5.76
6.53
7.99
9.31
9.52
9.59
8.99
9.47
8.94
4.73
-2.73
-3.23
Book Value per Share
4.91
6.16
7.4
9.5
10.43
12.22
14.48
16.75
20.88
23.66
29.96
32.6
33.58
32.74
27.39
18.74
18.07
Tangible Book Value per Share
11,035
10,937
11,010
11,035
11,011
11,048
11,065
11,044
11,037
11,202
11,468
11,610
11,576
11,808
11,865
11,887
11,904
Basic Weighted Avg Shares
50,714
71,783
103,116
135,419
146,388
195,549
240,477
242,897
297,679
367,894
419,112
452,798
503,838
465,739
343,176
233,433
168,301
Sales/Revenue/Turnover
21.87
21.79
20.31
17.88
15.19
15.61
15.3
19.75
23.26
21.56
17.6
11.94
10.21
7.26
-0.21
-0.6
0.96
Operating Margin (%)
117
137
183
179
549
716
1,149
1,929
2,922
6,306
6,985
8,063
9,300
9,081
8,722
10,354
- -
Depreciation Expense
7,283
9,625
12,551
15,119
15,745
18,119
21,023
28,052
33,773
38,872
41,516
22,524
22,689
12,163
-49,478
-88,556
-72,193
Net Income, GAAP
25.97
26.61
25.66
24.67
23.62
23.23
27.78
27.24
26.96
27.97
25.58
27.1
28.23
31.37
- -
- -
- -
Effective Tax Rate (%)
14.36
13.41
12.17
11.16
10.76
9.27
8.74
11.55
11.35
10.57
9.91
4.97
4.5
2.61
-14.42
-37.94
-42.9
Profit Margin (%)
75,870
81,922
102,940
113,125
119,152
126,963
141,297
170,197
171,603
166,379
229,894
288,822
337,555
328,475
198,450
132,176
122,238
Working Capital
30,612
26,822
36,036
44,082
46,149
52,844
85,514
128,352
190,654
185,243
200,203
231,652
271,655
277,280
219,892
182,878
173,114
LT Debt
54,586
67,833
82,138
105,439
115,894
136,310
161,677
186,674
235,621
270,579
349,844
392,773
405,637
402,934
338,855
235,860
228,062
Total Equity
8.94
10.1
11.1
10.57
9.02
11.35
10.16
10.14
11.05
10.35
8.84
5.73
4.96
2.99
- -
- -
- -
Return on Invested Capital (%)
9.24
9.66
9.64
9.31
8.84
7.08
7.17
7.51
6.15
6.33
6.1
2.36
2.06
1.29
- -
- -
- -
Return on Capital (%)
32.9
35.39
37.13
35.4
31.26
31.06
30.94
34.97
35.37
37.12
38.32
21.02
21.21
11.3
-61.23
- -
-173.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
162,982
167,602
LT Borrowings
- -
168,481
159,773
LT Finance Leases
- -
14,396
13,341
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
11,931
11,931
Market Capitalization
60,044
34,735
30,483

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
697,374
679,339
Cash, Cash Equivalents & STI
- -
67,309
60,560
Accounts Receivable, Net
- -
9,519
10,642
Inventories
- -
373,738
365,660
Total Current Liabilities
- -
565,198
557,101
Payables & Accruals
- -
- -
- -
ST Debt
- -
162,982
167,602
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.3%
-6.28%
-30.39%
Free Cash Flow
58.87%
62.77%
481.19%
Net Income, GAAP
-42.75%
-103.85%
78.98%
Sales/Revenue/Turnover
3.75%
-9.31%
-31.98%
Total Cash Common Dividend
4.19%
-13.03%
-5.43%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
61,594
81,185
77,116
123,282
343,176
2025
37,995
67,329
- -
72,044
233,433
2026
28,928
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
- -
- -
- -
-4.17
2025
-0.53
- -
- -
- -
-7.45
2026
-0.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
- -
- -
- -
1.12
2025
0.31
- -
- -
- -
1.06
2026
0.11
- -
- -
- -
- -
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Business
China Vanke Co., Ltd. (2202.HK) operates as one of China's largest real estate developers, focusing on property development, property management, and related services; it develops and sells residential properties, commercial properties including retail and office spaces, and auxiliary facilities such as hotels, resorts, and rental apartments; the company also provides construction contracts, asset management, community residential and consumption services, enterprise and city space services, artificial intelligence Internet of Things solutions, business process as a service, logistics and warehousing via its VX Logistics Properties brand, supply chain platforms, urban renewal projects, transit-oriented development (TOD), and EPC-agent construction. Founded in 1984 and headquartered in Shenzhen, China, China Vanke maintains operations across mainland China in key economic circles including the Pearl River Delta, Yangtze River Delta, and Bohai Rim regions, as well as Hong Kong, the United States, the United Kingdom, Malaysia, and other international markets; its largest shareholder is Shenzhen Metro Group Co., Ltd., which supports its mixed-ownership structure and "Railway + Property" model; subsidiaries and affiliates include Vanke Property Services for residential, commercial, and facility management; SCPG Group for commercial operations managing over 260 projects; and Port Apartments for long-term rental housing targeting young urban professionals. Recent developments include Shenzhen Metro Group's acquisition of 49% of the investment income rights in the Mangrove Bay property development project and injection of liquidity in early 2025 to address liquidity challenges; the group pledged its 57.16% stake in Hong Kong-listed subsidiary Onewo (2602.HK), valued at approximately $3 billion, as collateral to Shenzhen Metro in late 2025; it secured RMB 13.9 billion in new financing and refinancing in Q1 2025 with a 21% reduction in composite financing costs; eight state-owned and joint-stock banks in Shenzhen committed ongoing financial support via loans, bonds, and other tools; and the company reported a $6.8 billion loss for 2024 amid broader sector pressures, while implementing debt repayment plans and management changes including a new chairman.