Trade China Vanke Co. Ltd. - 2202 CFD

China Vanke Company profile

About China Vanke Co Ltd

CHINA VANKE CO., LTD. is a China-based company principally engaged in real estate development and property management businesses. The Company mainly develops commodity residential housings, as well as provides property management services. The Company is also involved in derivative businesses related city ancillary services, including commercial real estate business, logistics real estate business, skiing business and long rental apartment and senior life business. The Company operates its business in Guangzhou and Shenzhen Region, Beijing Region, Shanghai Region and Chengdu Region of China.

Financial summary

BRIEF: For the nine months ended 30 September 2021, China Vanke Co Ltd revenues increased 12% to RMB271.49B. Net income decreased 16% to RMB16.69B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Selling and marketing expenses increase of 25% to RMB7.28B (expense), Administrative expenses increase of 5% to RMB10.07B (expense).