绿地控股执行总裁陈军离职！半年营收已跌破千亿元大关

Core Viewpoint - The resignation of Chen Jun, the Executive President of Greenland Holdings, highlights ongoing management instability amid significant financial losses, with the company struggling to recover from a downturn in the real estate and infrastructure sectors [3][6][8]. Management Changes - Chen Jun resigned due to personal reasons after being on leave for over two months, marking a significant leadership change as he is the second Executive President to leave this year, following Zhang Yun's retirement in May [3][6][9]. - The company appointed five new vice presidents to fill the leadership gap, indicating a restructuring effort within the management team [3][6]. Financial Performance - Greenland Holdings reported a revenue drop to 944.95 billion yuan in the first half of the year, a decrease of 18.06% year-on-year, falling below the 1 trillion yuan mark [8][9]. - The net profit attributable to shareholders was -35.06 billion yuan, reflecting a staggering year-on-year decline of 1772.4% [6][9]. - Cumulatively, the company has incurred losses exceeding 286 billion yuan over the past two and a half years, primarily due to slow project turnover and asset impairments [9]. Industry Context - The real estate and infrastructure sectors remain in a state of adjustment, contributing to the company's declining revenues as fewer projects are completed and recognized in income [8][9]. - Greenland Holdings is actively working to revive its real estate and infrastructure businesses while also exploring new avenues such as the export of electric vehicles, aiming for significant growth in this area [9].