Summary by Moomoo AI
China Resources Land Limited ("the Company")'s interim financial report for the six months ended June 30, 2024, shows that the Company achieved revenue of RMB 79.13 billion, an 8.4% year-on-year increase, with core net profit of RMB 10.74 billion, a slight decrease of 4.7%. During the period, the Company's investment property fair value increased by RMB 3.32 billion, and it sold all equity interests in China Resources Land (Shandong) Limited and China Resources Land (Shijiazhuang) Limited, realizing revenue of RMB 0.163 billion. In addition, the Company announced an interim dividend of RMB 0.200 per ordinary share for the six months ended June 30, 2024. During the reporting period, the Company provided loan guarantees to banks totaling RMB 8.147 billion, signed strategic cooperation agreements with China Resources Bank and China Resources Trust, and earned deposit interest income of RMB 65.77 million during the period.
