Greenland Holdings Corporation Limited’s Net Profit Dropped 40.1% in First Half 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 3.8 billion yuan in the first half of 2023, down 40.1% year-on-year.

Meanwhile, the company posted 174.2 billion yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 1.2 trillion yuan in total assets and 1 trillion yuan in total liabilities, with a liability-to-asset ratio of 86.1%.