According to the Zhitong Finance App, Hongyang Real Estate (01996) announced unaudited interim results for the six months ended June 30, 2023. The group earned revenue of 6.099 billion yuan (RMB, same below) during the period, a year-on-year decrease of 51.63%; loss attributable to shareholders was 2,655 billion yuan, an increase of 284.27% over the previous year; and a basic loss of 0.8 yuan per share.
According to the announcement, the main sources of revenue include property sales, commercial operations, and hotel operating income. Among them, property sales revenue decreased by 53.3% from the same period last year to about 5.734 billion yuan, accounting for 94.0% of total confirmed revenue; commercial operating income increased 12.1% over the same period last year to about 348 million yuan; and revenue from hotel operations increased by 46.3% over the same period last year to about 17.5 million yuan.