Summary by Futu AI
China res 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, and core net profit of RMB 10.74 billion, a slight decrease of 4.7%. During the period, the Company's investment properties fair value appreciation was RMB 3.32 billion, and sold all the equity in China Resources Land (Shandong) Co., Ltd. and China Resources Land (Shijiazhuang) Co., Ltd., realizing income of RMB 0.163 billion. In addition, the Company declared an interim dividend of RMB 0.200 per ordinary share as of June 30, 2024. During the reporting period, the Company provided loan guarantees to banks totaling RMB 8.147 billion, and signed strategic cooperation agreements with China Resources Bank and China Resources Trust. Interest income from deposits amounted to RMB 65.77 million during the period.