Yango Group Co.,Ltd. Posted 3.6 Billion Yuan Net Loss in First Half of 2022

Yango Group Co.,Ltd. (阳光城集团股份有限公司) (000671.SZ) reported a net loss of 3.6 billion yuan in the first half of 2022, reversing a net profit of 2.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 9.3 billion yuan in revenue, down 69.1% year-on-year.

At the end of the reporting period, it had 340.3 billion yuan in total assets and 304.1 billion yuan in total liabilities, with a liability-to-asset ratio of 89.4%.