Cinda Real Estate Co.,Ltd.’s Net Profit Dropped 44.1% in First Half of 2023

Cinda Real Estate Co.,Ltd. (信达地产股份有限公司) (600657.SH) reported a net profit of 183.6 million yuan in the first half of 2023, down 44.1% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 62.5% year-on-year.

At the end of the reporting period, it had 87.8 billion yuan in total assets and 62.8 billion yuan in total liabilities, with a liability-to-asset ratio of 71.5%.