Gemdale Corporation’s Net Profit Dropped 32.7% in First Half of 2023

Gemdale Corporation (金地(集团)股份有限公司) (600383.SH) reported a net profit of 2.3 billion yuan in the first half of 2023, down 32.7% year-on-year.

Meanwhile, the company posted 36.8 billion yuan in revenue, up 31.1% year-on-year.

At the end of the reporting period, it had 426 billion yuan in total assets and 307.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72.1%.