Guangzhou Development Group Incorporated’s Net Profit Dropped 10.5% in First Half of 2022

Guangzhou Development Group Incorporated (广州发展集团股份有限公司) (600098.SH) reported a net profit of 601.3 million yuan in the first half of 2022, down 10.5% year-on-year.

Meanwhile, the company posted 20.7 billion yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 57.7 billion yuan in total assets and 31.2 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.