Gemdale Corporation’s Net Profit Rose 16.8% in First Half of 2022

Gemdale Corporation (金地(集团)股份有限公司) (600383.SH) reported a net profit of 3.4 billion yuan in the first half of 2022, up 16.8% year-on-year.

Meanwhile, the company posted 28 billion yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 465.4 billion yuan in total assets and 353.7 billion yuan in total liabilities, with a liability-to-asset ratio of 76%.