Cedar Development Co.,Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 480.81 million compared to CNY 1,188.7 million a year ago. Revenue was CNY 489.89 million compared to CNY 1,214.37 million a year ago.

Net income was CNY 49.83 million compared to net loss of CNY 6.03 million a year ago. Basic earnings per share from continuing operations was CNY 0.0916 compared to basic loss per share from continuing operations of CNY 0.0111 a year ago. Diluted earnings per share from continuing operations was CNY 0.0916 compared to diluted loss per share from continuing operations of CNY 0.0111 a year ago.