Yango Group Co.,Ltd. Posted 6 Billion Yuan Net Loss in First Three Quarters of 2022

Yango Group Co.,Ltd. (阳光城集团股份有限公司) (000671.SZ) reported a net loss of 6 billion yuan in the first three quarters of 2022, reversing a net profit of 3.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 18.7 billion yuan in revenue, down 54.6% year-on-year.

At the end of the reporting period, it had 331.5 billion yuan in total assets and 298.5 billion yuan in total liabilities, with a liability-to-asset ratio of 90.1%.