万科2025年归母净亏损820亿元，债务展期压力持续

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万科A（000002.SZ）1月30日发布2025年业绩预告，预计全年归母净利润亏损约820亿元，扣非后净利润亏损约800亿元，基本每股收益亏损约6.89元/股。上年同期三项指标分别为亏损494.78亿元、453.94亿元、4.17元/股。亏损主要原因包括：房地产开发项目结算规模显著下降，毛利率持续低位；地价获取成本较高，导致2025年结算项目（主要对应2023—2024年销售及2025年消化的...

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