Guangzhou Lingnan Group Holdings Company Limited Posted 81.2 Million Yuan Net Loss in First Quarter of 2022

Guangzhou Lingnan Group Holdings Company Limited (广州岭南集团控股股份有限公司) (000524.SZ) reported a net loss of 81.2 million yuan in the first quarter of 2022, widening 31.8% year-on-year.

Meanwhile, the company posted 187.5 million yuan in revenue, down 35% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 788.5 million yuan in total liabilities, with a liability-to-asset ratio of 26.7%.