China Vanke Co (HK:2202) has released an update.
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China Vanke Co. reported a significant decline in revenue and profits for the first nine months of 2024, with revenue dropping by 24.25% and a net loss of RMB 17.9 billion compared to a profit in the same period last year. The company also saw a decline in total assets and equity, highlighting challenges in its financial performance. Investors should note the substantial drop in net cash from operating activities, reflecting the company’s current financial struggles.
For further insights into HK:2202 stock, check out TipRanks’ Stock Analysis page.
