Summary by Moomoo AI
Baolong Real Estate Holdings Limited announced its interim results for the six months ended June 30, 2024. The contracted sales amounted to approximately RMB 733.2 million, with a sales area of approximately 690,941 square meters. The revenue was approximately RMB 1,565.1 million, an increase of about 27.3% compared to the same period last year. Rental income, commercial operation services, and residential property management services amounted to approximately RMB 217.5 million, an increase of about 7.2% compared to the same period last year. However, the company's owner's share of core losses was approximately RMB 193.7 million, resulting in a loss. The fair value loss of investment properties was approximately RMB 72.9 million, and sales and marketing costs and administrative expenses amounted to approximately RMB 90.1 million. As of June 30, 2024, the...Show More