China Vanke Co. said its loss for the first half of 2025 could reach as high as $1.67 billion, underscoring the lingering problems in the nation’s property market.
Vanke reported a preliminary net loss for the period of 10 billion yuan to 12 billion yuan, according to a filingBloomberg Terminal with the Hong Kong stock exchange Monday. The estimated loss widened from 9.85 billion yuan for the same period last year. Sales revenue was 69.1 billion yuan.