Greenland Holdings Corporation Limited’s Net Profit Dropped 24.3% in First Quarter of 2023

Greenland Holdings Corporation Limited (绿地控股集团股份有限公司) (600606.SH) reported a net profit of 2.4 billion yuan in the first quarter of 2023, down 24.3% year-on-year.

Meanwhile, the company posted 78.8 billion yuan in revenue, down 17.9% year-on-year.

At the end of the reporting period, it had 1.3 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 87.6%.