Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . G 港龍 中國 地產 GANGLONG CHINA PROPERTY Ganglong China Property Group Limited 港龍 中國 地產 集團 有限公司 ( Incorporated in the Cayman Islands with limited liability ) ( Stock Code : 6968 ) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 FINANCIAL HIGHLIGHTS Contracted sales ( including the overall contracted sales of subsidiaries , joint ventures and associates ) amounted to approximately RMB17,853 million for the six months ended 30 June 2021 with a total sales area of approximately 1,488,418 square meters , representing a period - on - period increase of 58 % and 65 % , respectively . Revenue for the six months ended 30 June 2021 amounted to approximately RMB4,859 million , representing an increase of 184 % as compared to the corresponding period in 2020 . Net profit for the six months ended 30 June 2021 amounted to approximately RMB453 million , representing an increase of 41 % as compared to the corresponding period in 2020 . As of 30 June 2021 , the Group's liabilities to assets ratio after excluding contract liabilities was approximately 68 % ( as at 31 December 2020 : 82 % ) . As of 30 June 2021 , the Group's net gearing ratio ( calculated as the total borrowings net of restricted cash , pledged time deposits and cash and cash equivalents divided by total equity ) was 25 % ( as at 31 December 2020 : 41 % ) . As of 30 June 2021 , cash to short term debt ratio ( calculated as cash and bank balances divided by short term bank and other borrowings ) was 1.7 times ( as at 31 December 2020 : 1.1 times ) . As of 30 June 2021 , the Group had contract liabilities of approximately RMB24,874 million , as compared to approximately RMB20,980 million as of 31 December 2020 , representing an increase of approximately 19 % . − 1 −