August 4 -- Shenzhen Zhenye Group (000006), a real estate developer, filed its revenue and net profit attributable to shareholders grew 37.13 percent and 32.28 percent year-on-year to 1.07 billion yuan and 130.86 million yuan in the first half, reports the Southern Metropolis Daily. Transaction area and amount in the first half respectively totaled 130,000 square meters and 1.71 billion yuan. Roughly 93 percent of its revenue came from greater Shenzhen city.

Zhenye holds 310,000 shares of Wuhan Department Store Group (000501), 16.88 million shares of Shenzhen Changcheng Investment Holding (000042), and 100,000 shares of Bank of Communications (601328, 3328.HK). The three firms’ appraised values have together grown roughly 14 million yuan from the end of 2010.

Senior managers at Zhenye reportedly cut their holdings in the company at an average price of 5.83 yuan per share during the first six months of this year.

Shares of Shenzhen Zhenye Group (000006) traded at 5.87 yuan as of 11:30 this morning.