China Vanke Co.,Ltd.’s Net Profit Rose 1.7% in First Quarter of 2023

China Vanke Co.,Ltd. (万科企业股份有限公司) (000002.SZ) reported a net profit of 2.8 billion yuan in the first quarter of 2023, up 1.7% year-on-year.

Meanwhile, the company posted 68.5 billion yuan in revenue, up 9.3% year-on-year.

At the end of the reporting period, it had 1.7 trillion yuan in total assets and 1.3 trillion yuan in total liabilities, with a liability-to-asset ratio of 77.2%.