Risesun Real Estate Development Co.,Ltd. Posted 594.6 Million Yuan Net Profit in First Half of 2023

Risesun Real Estate Development Co.,Ltd. (荣盛房地产发展股份有限公司) (002146.SZ) reported a net profit of 594.6 million yuan in the first half of 2023, reversing a net loss of 2.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 22.8 billion yuan in revenue, up 57.4% year-on-year.

At the end of the reporting period, it had 234.8 billion yuan in total assets and 209.3 billion yuan in total liabilities, with a liability-to-asset ratio of 89.1%.