Vanke Co., Ltd
Announcement on the Provision and Write-off of Impairment Provisions for 2025 Stock codes: 000002, 299903 Stock abbreviations: Vanke A, Vanke H Dai Announcement Number: 〈Ten Thousand Yuan〉2026-030 The company and all members of the board of directors guarantee that the announcement content is true, accurate, and complete, without any false records or misleading content
Statements or material omissions. Vanke Co., Ltd. (hereinafter referred to as the "Company") held the 31st meeting of the 20th Board of Directors The proposal on the "Proposal on Setting Apart and Write Off Impairment Provisions for 2025" was reviewed and approved, with details as follows:
- Comprehensive situation of asset impairment provisions In fiscal year 2025 (hereinafter referred to as the "Reporting Period"), the Company has made provisions or increased provisions due to changes in the scope of consolidation Total impairment provision amounted to RMB 56,274,674,300 (RMB 33,551,079,200 in 2024), The total amount of impairment provisions reversed or written off was RMB 6,129.4807 million (in RMB for 2024). 3,480,264,400 yuan). As of December 31, 2025, the company's total impairment provisions amounted to RMB 92,423,378,600 yuan, an increase of 50,145,193,600 yuan compared to the end of last year. Impairment provisions were made for this period No. Subject Reason for Accrual Amount (ten thousand yuan) Inventory is measured at the lower of cost and net realizable value. When it is feasible 1 Inventory write-down provision: 2,082,634.98 When the net realized value is below cost, an inventory write-down provision is made. Based on expected credit losses, corresponding to credit risk characteristics 2 Credit loss provision 3,432,484.48 Credit loss provisions are made for payments received. Investment property is based on the lower of its carrying amount or the recoverable amount Investment properties decreased 3,116,533.72 meters. When the recoverable amount is below the book value, it is withdrawn Worth preparation Impairment provisions for investment properties. Intangible assets are calculated at the lower of the carrying amount or the recoverable amount Intangible asset impairment reserve 4 16,400.12 volume. If the recoverable amount is less than the carrying amount, no withdrawal Prepared Provision for impairment of physical assets.