Guangzhou Development Group Incorporated’s Net Profit Rose 92.7% in First Half of 2023

Guangzhou Development Group Incorporated (广州发展集团股份有限公司) (600098.SH) reported a net profit of 1.2 billion yuan in the first half of 2023, up 92.7% year-on-year.

Meanwhile, the company posted 21.7 billion yuan in revenue, up 4.9% year-on-year.

At the end of the reporting period, it had 65.5 billion yuan in total assets and 38.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.