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Shenzhen Metro Group Suffered a Loss of Nearly 5 Billion Yuan in the First Half of the Year, but Provided 4.5 Billion Yuan in Financial Support to Vanke.
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Shenzhen Metro Group reported revenue of 6.481 billion yuan in the first half of the year, but its net loss attributable to shareholders widened to 4.932 billion yuan. With a sharp decline in real estate development revenue, coupled with the drag from Vanke's losses, Shenzhen Metro Group's operational pressure has become increasingly apparent. Meanwhile, Shenzhen Metro's outstanding shareholder loans to Vanke have reached 34 billion yuan.
·New York, United States
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