VANKE OVERSEAS (01036) issue profit warning, expecting a shareholders' net loss of approximately 101 million Hong Kong dollars in the first half of the year.

Vanke Overseas (01036) announced that it is expected to incur a shareholders' attributable loss of approximately HK$101 million in the first half of 2025, compared to a loss of approximately HK$29 million in the first half of 2024. The Board of Directors believes that the shareholders' attributable loss for this period is mainly due to an increase in fair value losses on the group's investment properties. Fair value losses are non-cash items and do not affect the group's operating cash flow. In the face of market volatility, the company is committed to maintaining financial stability. Based on information available to the company but not yet reviewed by the company's auditors as of the date of this announcement, the company's net debt ratio is zero, and the company continues to maintain financial stability. The company's business operations are in good condition, and it is expected that the group's investment properties will remain stable in the second half of 2025.