Seazen Holdings Co.,Ltd.’s Net Profit Dropped 32.2% in First Half of 2022

Seazen Holdings Co.,Ltd. (新城控股集团股份有限公司) (601155.SH) reported a net profit of 3.3 billion yuan in the first half of 2022, down 32.2% year-on-year.

Meanwhile, the company posted 42.8 billion yuan in revenue, down 45.9% year-on-year.

At the end of the reporting period, it had 514.9 billion yuan in total assets and 418.2 billion yuan in total liabilities, with a liability-to-asset ratio of 81.2%.