Zitong Financial App News, Hengda Group Holdings (03616) announced that the board of directors expects to make a profit of about 1.4 billion yuan to 1.5 billion yuan in the first half of 2023, an increase of about 195.8% to 216.9% over the same period last year. The expected net profit is about 60 million yuan to 70 million yuan, compared with a net loss of 22.4 million yuan in the same period in 2022.
The announcement said that the improvement in earnings and net profit was mainly due to an increase in the delivery of properties due to restrictions related to the COVID-19 epidemic and the relaxation of social distance measures.