Seazen Holdings Co.,Ltd.’s Net Profit Dropped 25.7% in First Half of 2023

Seazen Holdings Co.,Ltd. (新城控股集团股份有限公司) (601155.SH) reported a net profit of 2.4 billion yuan in the first half of 2023, down 25.7% year-on-year.

Meanwhile, the company posted 41.8 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 437.8 billion yuan in total assets and 348.3 billion yuan in total liabilities, with a liability-to-asset ratio of 79.6%.