Zhitong Financial and Economic APP News, Chenxing Development (02286) released its results for the six months ended June 30, 2023. The group's income was 240 million yuan (the same as the unit below), down 52.89% from the same period last year; the profit attributable to shareholders was 4.823 million yuan, down 46.15% from the same period last year; earnings per share were 0.01yuan.
The decrease in profit attributable to shareholders is mainly due to a decrease in the total floor area of completed properties delivered during the reporting period and an increase in interest on short-term loans, the announcement said.