China Vanke Co.,Ltd.’s Net Profit Dropped 22.9% in First Three Quarters of 2023

China Vanke Co.,Ltd. (万科企业股份有限公司) (000002.SZ) reported a net profit of 21 billion yuan in the first three quarters of 2023, down 22.9% year-on-year.

Meanwhile, the company posted 290.3 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 1.6 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 75.3%.