Gelonghui August 30?Jinlun Tiandi Holdings (01232.HK) announced interim results that revenue fell by about 56.2% to about 638.5 million yuan in the six months ended June 30, 2023, while total contract sales decreased by about 33.5% to about 562.7 million yuan. The loss during the period was approximately RMB 518.9 million (June 30, 2022: loss of RMB3600 million), mainly due to (I) gross loss on the Group's real estate sales in the severe business environment of the real estate industry; and (ii) foreign exchange loss of approximately RMB 147.3 million.
As of June 30, 2023On December 31, 2022, the Group had cash and bank deposits of about RMB 653.8 million (December 31, 2022: RMB 857.4 million).
As at June 30, 2023, the total investment property is approximately RMB 4.1194 billion (December 31, 2022: RMB 4.1193 billion).