Jindi Group to achieve revenue of 35.86B yuan in 2025, with a net loss of 13.28B yuan

Source: Global Times

【Global Times Comprehensive Report】On April 3, China Vanke Co., Ltd. disclosed its 2025 annual report.

The announcement shows that in 2025, Vanke Group achieved operating revenue of 35.86B yuan, a decrease of 52.41% year-on-year; net loss attributable to shareholders of the listed company was 13.28B yuan, compared to a loss of 6.12B yuan in the same period last year.

Vanke Group explained in the annual report that, affected by the decline in sales scale in recent years, the area that can be transferred this year significantly decreased compared to last year, leading to a drop in operating income. At the same time, the gross profit margin of the real estate business fell to 7.93%, and combined with large inventory write-downs and credit loss provisions, this jointly caused a net loss attributable to the parent company.

As of the end of 2025, the company’s interest-bearing debt scale was steadily reduced, the debt structure was further optimized, and the weighted average cost of debt financing was 3.92%, down 13 basis points compared to the end of 2024.

By the end of the reporting period, Vanke Group achieved a total signing amount of 30.02 billion yuan for the year. The company’s total land reserves were approximately 24.72 million square meters, with equity land reserves of about 10.59 million square meters, of which about 79% were in first- and second-tier cities.

In terms of agency construction business, during the period, Vanke managed an additional signed service area of 15.31 million square meters, a year-on-year increase of 59%. The accumulated signed management area reached 53.62 million square meters, covering over 70 cities nationwide. The report states that the agency construction business has formed a pattern of multiple formats such as residential, commercial-office, and industrial parks, with clients including state-owned enterprises, urban investment platforms, and others.

According to the company’s operational arrangements, in 2026, Vanke plans to start construction on a new area of 460k square meters and complete 1.71 million square meters. In the future, the company will continue to adhere to the principles of safety and prudence, and will reasonably arrange investment, new construction, and completion plans based on market conditions and its own resources, strictly controlling delivery progress and quality.

Image source: Vanke Group

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