Guangzhou Lingnan Group Holdings Company Limited Posted 106.6 Million Yuan Net Loss in First Half 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 106.6 million yuan in the first half of 2022, widening 5.2% year-on-year.

Meanwhile, the company posted 374.2 million yuan in revenue, down 49% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 828.7 million yuan in total liabilities, with a liability-to-asset ratio of 27.9%.