Cinda Real Estate Co.,Ltd.’s Net Profit Dropped 51.2% in First Three Quarters of 2023

Cinda Real Estate Co.,Ltd. (信达地产股份有限公司) (600657.SH) reported a net profit of 234 million yuan in the first three quarters of 2023, down 51.2% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 67% year-on-year.

At the end of the reporting period, it had 88.3 billion yuan in total assets and 63.3 billion yuan in total liabilities, with a liability-to-asset ratio of 71.7%.