Bright Real Estate Group Co.,Ltd.’s Net Profit Dropped 15.6% in First Half of 2023

Bright Real Estate Group Co.,Ltd. (光明房地产集团股份有限公司) (600708.SH) reported a net profit of 100.6 million yuan in the first half of 2023, down 15.6% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, down 38.9% year-on-year.

At the end of the reporting period, it had 64.1 billion yuan in total assets and 52.2 billion yuan in total liabilities, with a liability-to-asset ratio of 81.5%.