Gemdale Corporation’s Net Profit Dropped 6.6% in First Three Quarters of 2022

Gemdale Corporation (金地(集团)股份有限公司) (600383.SH) reported a net profit of 5.3 billion yuan in the first three quarters of 2022, down 6.6% year-on-year.

Meanwhile, the company posted 53 billion yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 465.6 billion yuan in total assets and 350.3 billion yuan in total liabilities, with a liability-to-asset ratio of 75.2%.