Core Viewpoint - Vanke Overseas (01036) anticipates a shareholder loss of approximately HKD 101 million in the first half of 2025, compared to a loss of about HKD 29 million in the first half of 2024 [1] Financial Performance - The board attributes the anticipated shareholder loss primarily to an increase in the fair value loss of the group's investment properties [1] - Fair value losses are non-cash items and do not impact the group's operating cash flow [1] Financial Stability - Despite the losses, the company is committed to maintaining financial stability amid market fluctuations [1] - As of the announcement date, the company reports a net debt ratio of zero, indicating strong financial health [1] Operational Outlook - The company expects stable operations for its investment properties in the second half of 2025 [1]