Editorial photo #11110340 Economy, Business and Finance
Vanke 2023 Revenue Decline
Construction workers are walking past a building under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual report indicates that the company canceled its 2023 dividend for the first time since going public in 1991. The report also states that Vanke achieved an operating income of 465.74 billion yuan, a decrease of 7.56% from the previous year, and a net profit of 12.16 billion yuan, which is down 46.39% year-on-year. As of the end of 2023, Vanke's total liabilities amounted to 1.1 trillion yuan, with interest-bearing liabilities at 320.05 billion yuan. (Photo by Costfoto/NurPhoto)
