China Vanke Co.,Ltd.’s Net Profit Dropped 16.3% in First Half of 2023

China Vanke Co.,Ltd. (万科企业股份有限公司) (000002.SZ) reported a net profit of 15.2 billion yuan in the first half of 2023, down 16.3% year-on-year.

Meanwhile, the company posted 200.9 billion yuan in revenue, down 2.9% 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 76.1%.