Hejing Youhuo (03913) released interim results. Profit attributable to shareholders was 62.57 million yuan, a year-on-year decrease of 80.1%

Zhitong Finance ·  08/29/2023 19:53

Zitong Financial App News, Hejing leisurely living (03913) released its results for the six months ended June 30, 2023, with income of 1.888 billion yuan (RMB, the same below), down 8.5% from the same period last year; profit attributable to shareholders was 62.57 million yuan, down 80.1% from the same period last year; basic earnings per share were 3 cents.

The decline in revenue during the period was mainly due to, on the one hand, a slight decline in the size of the group's area under management. In the first half of this year, the group took the initiative to manage its project portfolio and withdraw from high-risk projects to optimize its operation; on the other hand, revenue from pre-sale management services and community value-added services declined. In order to cope with the fluctuations in the real estate market, the Group carefully approached the business related to real estate sales on the premise of fully assessing the project risk, so as to manage the business risk of the Group in a more forward-looking manner.

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