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China SCE Group doubled its net profit in the first half of 2018 and accelerated its sales to hundreds of billions

On 23 August, China SCE Group (Stock Code: 01966.HK) released its results report for the first half of 2018. The main business data performance was outstanding: China SCE Group achieved a 34% year-on-year increase in contracted sales amount in the first half of the year, reaching a record-high (Note: contracted sales amount for January to July 2018 was RMB25.1 billion); net profit attributable amounted RMB2.0 billion, representing a year-on-year increase of 99%; gross profit margin reached 32.3%, maintaining a high market position; asset yield amounted to 30.5%, being  in the leading position of the industry; net debt ratio amounted to 69.2%, lower than the average level of the industry. After the performance was released, the market reacted well. The goal of reaching billions in sales is just around the corner!

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