Cccg Real Estate Corporation Limited Posted 443.1 Million Yuan Net Loss in First Half of 2023

Cccg Real Estate Corporation Limited (中交地产股份有限公司) (000736.SZ) reported a net loss of 443.1 million yuan in the first half of 2023, reversing a net profit of 332.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 8.8 billion yuan in revenue, down 29.6% year-on-year.

At the end of the reporting period, it had 141.1 billion yuan in total assets and 122.3 billion yuan in total liabilities, with a liability-to-asset ratio of 86.6%.