Editorial photo #11110341 Economy, Business and Finance
Vanke 2023 Revenue Decline
Construction workers are working on a property under construction by China Vanke in Hangzhou, China, on March 31, 2024. Vanke's 2023 annual report revealed that the company canceled its 2023 dividend for the first time since going public in 1991. The report also stated that Vanke's operating income for 2023 was 465.74 billion yuan, a decrease of 7.56% from the previous year, and the net profit attributable to the parent company was 12.16 billion yuan, a 46.39% decline. As of the end of 2023, Vanke's total liabilities reached 1.1 trillion yuan, with interest-bearing liabilities amounting to 320.05 billion yuan. (Photo by Costfoto/NurPhoto)
