Yunnan Metropolitan Real Estate Development Co.,Ltd. Posted 132.1 Million Yuan Net Profit in First Half of 2023

Yunnan Metropolitan Real Estate Development Co.,Ltd. (云南城投置业股份有限公司) (600239.SH) reported a net profit of 132.1 million yuan in the first half of 2023, reversing a net loss of 400 million yuan for the same period in the previous year.

Meanwhile, the company posted 803.4 million yuan in revenue, down 43.9% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 10.3 billion yuan in total liabilities, with a liability-to-asset ratio of 80.2%.