On August 30, Gracefound (600730.SH) announced its interim report for the first half of 2024, with the company achieving revenue of 70.7197 million yuan, a year-on-year increase of 7.03%; net income attributable to the parent company was 21.7722 million yuan, a year-on-year increase of 1162.97%; and basic earnings per share were 0.037 yuan.
The company's revenue in this period increased by 7.03% year-on-year, mainly due to the overall acceptance of the Beijing Centergate Technologies Life Science Park Boya A-5 project developed and constructed by the company's controlling subsidiary, Beijing Wanshunda Real Estate Development Co., Ltd. in 2023, and the completion of the remaining land transfer payment. The remaining underground parking spaces of the project met the sales conditions, and the sales revenue of the remaining parking spaces confirmed in this period was approximately 5.97 million yuan, with a year-on-year increase of about 37% in real estate development business income.