China Vanke Corporation announced its financial data for the third quarter of 2024, showing the financial figures for the three months and nine months ending on September 30, 2024. During the reporting period, the company's revenue was 219.89 billion yuan, a decrease of 24.25% from 290.31 billion yuan in the same period last year. The company's attributable net loss to shareholders was 17.94 billion yuan, compared to a profit of 13.62 billion yuan in the same period last year. The net cash flow from operating activities was -48.48 billion yuan, compared to a positive 0.235 billion yuan in the same period last year. Basic earnings per share were -1.51 yuan, compared to earnings per share of 1.16 yuan in the same period last year. The company's total assets were...Show More

China Vanke Corporation announced its financial data for the third quarter of 2024, showing the financial figures for the three months and nine months ending on September 30, 2024. During the reporting period, the company's revenue was 219.89 billion yuan, a decrease of 24.25% from 290.31 billion yuan in the same period last year. The company's attributable net loss to shareholders was 17.94 billion yuan, compared to a profit of 13.62 billion yuan in the same period last year. The net cash flow from operating activities was -48.48 billion yuan, compared to a positive 0.235 billion yuan in the same period last year. Basic earnings per share were -1.51 yuan, compared to earnings per share of 1.16 yuan in the same period last year. The company's total assets were 1.36 trillion yuan, a decrease of 9.81% from 1.5 trillion yuan at the end of last year. The board of directors ensured the truthfulness, accuracy, and completeness of the report, with no false records, misleading statements, or significant omissions. During the reporting period, China Vanke actively responded to challenges in the real estate market, implemented multiple measures to ensure quality delivery and public debt repayment, and adjusted internal management institutions to adapt to new industry trends.