Jiangsu Phoenix Property Investment Company Limited’s Net Profit Dropped 58.3% in First Half of 2023

Jiangsu Phoenix Property Investment Company Limited (江苏凤凰置业投资股份有限公司) (600716.SH) reported a net profit of 32.8 million yuan in the first half of 2023, down 58.3% year-on-year.

Meanwhile, the company posted 238.9 million yuan in revenue, down 51.7% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 36.1%.