Glorious Property Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of RMB 2,349,930,000 compared to RMB 711,237,000 a year ago. Loss before income tax was RMB 1,146,213,000 compared to RMB 1,375,797,000 a year ago. Loss for the period was RMB 1,710,598,000 compared to RMB 1,521,822,000 a year ago. Loss attributable to the owners of the company was RMB 1,676,911,000 compared to RMB 1,470,788,000 a year ago. Loss per share for loss attributable to the owners of company - basic and diluted was RMB 0.22 compared to RMB 0.19 a year ago. Net cash generated from operating activities was RMB 1,731,971,000 compared to RMB 319,319,000 a year ago. Purchases of property, plant and equipment was RMB 179,000 compared to RMB 541,000 a year ago. Net debt was RMB 22,800,155,000 compared to RMB 23,186,445,000 a year ago. The increase in the loss attributable to the owners of the Company for the current period as compared to the same period in 2017 was mainly due to the larger amount of income tax expenses recorded in the current period arising from higher profit margin properties completed and delivered by the Group in the current period. Net debt was RMB 22,800,155,000 for the period.