asianFin -- Vanke A (000002.SZ) saw its stock hit the daily trading limit on the morning of August 25, roughly six months after its last surge. Shares opened strong and reached the upper limit of US$1.00 within about 30 minutes of trading. Meanwhile, Vanke Enterprises (02202.HK) climbed more than 11% to US$0.73.

The rally comes as investors digest the company’s latest financial report released on August 22. Vanke reported first-half 2025 revenue of US$14.5 billion (105.32 billion yuan), while net losses attributable to shareholders totaled US$1.64 billion (11.95 billion yuan). Sales volume fell to 5.389 million square meters, generating US$9.5 billion (69.11 billion yuan) in sales revenue—down 42.6% and 45.7% year on year, respectively. Despite the declines, Vanke ranked among the top three developers by sales revenue in 15 cities.

Market attention has also focused on the company’s debt obligations. Vanke disclosed that it has successfully repaid US$3.36 billion (24.39 billion yuan) in public debt and has no overseas public debt maturing before 2027. During the first half of the year, the company secured US$3.43 billion (24.9 billion yuan) in new and refinancing funds and received liquidity support from its largest shareholder, Shenzhen Metro Group, in the form of shareholder loans totaling US$3.29 billion (23.88 billion yuan) to date.