On August 27th, GLP Holdings (Asia) (03366.HK) announced that in the first half of 2024, the group achieved operating revenue of approximately RMB 0.598 billion, an increase of approximately 208.25% compared to the same period last year. The main reason for this is the significant increase in the revenue of the comprehensive development project compared to the same period last year. The company's equity holders' share of the loss is approximately RMB 0.221 billion, mainly due to the substantial increase in the excess profit from the comprehensive development business and the significant reduction in losses from investment and fund businesses compared to the same period of the previous year. However, due to the increase in liabilities and the continued high US dollar interest rate during the reporting period, the increased financial expenses offset some of the profits. The basic loss per share is RMB 0.296.

The group holds comprehensive development projects in Hefei, Shanghai, Chongqing, Zhongshan, and other places, with a total land reserve area of 1.2081 million square meters. In the first half of 2024, the pressure on the group's operations continued to increase, and contract sales declined. The total sales area for the reporting period is approximately 0.0297 million square meters; the total sales amount is approximately RMB 0.413 billion; the equity sales amount is approximately RMB 0.142 billion.