Ch Tianbao GP (01427.HK) announced its interim performance on August 21. For the six months ending June 30, 2024, the group's income was approximately RMB 821 million, a decrease of approximately RMB 123 million (13.0%) compared to the same period in 2023. The income from the group's construction contracting business was approximately RMB 707 million, a decrease of approximately RMB 25 million (3.5%) compared to the same period in 2023. The income from the group's real estate development business was approximately RMB 114 million, a decrease of approximately RMB 98 million (46.1%) compared to the same period in 2023.

The group's gross profit and gross margin were approximately RMB 35 million and 4.3% respectively during the reporting period.

The group's basic loss during the reporting period was approximately RMB 28 million, compared to a basic surplus of approximately RMB 26 million in the same period of 2023.

As of June 30, 2024, the group's net capital debt ratio was approximately 93.3% (as of December 31, 2023: 60.1%).