Vanke Earnings: Net Loss Narrows Despite Low Margins, Inventory Reduction a Positive
China Vanke’s revenue declined 38% year on year in the third quarter of 2026 amid weaker property sales bookings. Gross margin fell to 4.0% from 8.9% a year ago on lower home selling prices, but net loss narrowed to CNY 9.0 billion from CNY 16.1 billion due to lower asset impairment charges.