Vanke Enterprise (02202) announced its results for the first three quarters, with revenue of 104.999 billion yuan and completed the delivery of 34,000 suites on schedule and with good quality

According to the Zhitong Finance App, Vanke Enterprise (02202) announced the results for the first three quarters of 2026. The group achieved revenue of 104.999 billion yuan, a year-on-year decrease of 34.94%; loss attributable to the company's shareholders was 23.944 billion yuan, a year-on-year decrease of 14.53%; and a basic loss of 2.01 yuan per share.

During the reporting period, with the strong support of all parties and major shareholders, the Group steadily promoted reform and insurance work. The delivery of 34,000 suites was completed on schedule in the first three quarters, continuously improving project quality and delivery reputation; insisted on active sales and achieved sales volume of 52.01 billion yuan; took additional measures to revitalize existing resources to revitalize and optimize production capacity of 19.50 billion yuan; and actively seize bulk asset trading opportunities, with a total contract amount of 2.62 billion yuan. In the first three quarters, the Group's full-caliber revenue from the operating service business was 43.80 billion yuan, an increase of 0.5% over the previous year, and the quality of operations remained at the forefront of the industry.

On the financing side, the Group continued to receive support from various financial institutions at home and abroad, and overall stock financing remained stable; by the end of the third quarter, the comprehensive cost of stock financing was 2.86%, down 17 basis points from the beginning of the year; in terms of shareholder loans, since this year, Shenzhen Railway Group, the majority shareholder, has provided the company with about 4.52 billion yuan in shareholder loans. The loan interest rate and collateral ratio are superior to market practice. By the end of the reporting period, the company had completed risk mitigation through partial payment and supporting rollover of 10 public bonds, involving a total principal amount of about 18.07 billion yuan.

The company faced multiple pressures during the reporting period. Affected by multiple factors, sales are under pressure, and the business situation is grim; some financial indicators of solvency have not improved significantly, and the task of resolving debt risks is still arduous; at the same time, lawsuits and tax-related matters are also putting some pressure on them. There are many corporate litigation disputes, and some subsidiary companies are lagging behind in tax payment and causing late tax fees. Facing the future, the company will continue to focus on the two major themes of chemical insurance and development, firmly promote urban and business focus, continuously improve product and service capabilities, and continue to optimize the company's financial and debt structure through revitalizing existing resources and implementing financing optimization measures such as refinancing and rollover to achieve orderly mitigation of maturity and debt risk management. At the same time, the company is closely following new industry-related policies, strengthening forward-looking research and policy judgment, providing support for business transformation and risk mitigation, and striving to push the company back to a healthy and sustainable development path.