Vanke A: Net profit loss of 11.947 billion yuan in the first half of 2025.

Vanke A announced that its operating income in the first half of 2025 was 105.323 billion yuan, a year-on-year decrease of 26.23%. The net loss was 11.947 billion yuan, compared to a net loss of 9.852 billion yuan in the same period last year. The company will not distribute cash dividends, issue bonus shares, or increase its share capital through capital reserves in the first half of 2025.