Beijing Dalong Weiye Real Estate Development Co.,Ltd.’s Net Profit Dropped 49.5% in First Half of 2023

Beijing Dalong Weiye Real Estate Development Co.,Ltd. (北京市大龙伟业房地产开发股份有限公司) (600159.SH) reported a net profit of 6.8 million yuan in the first half of 2023, down 49.5% year-on-year.

Meanwhile, the company posted 270.6 million yuan in revenue, down 10.2% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 38.5%.