Guangzhou Lingnan Group Holdings Company Limited Posted 102.3 Million Yuan Net Loss in First Three Quarters 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 102.3 million yuan in the first three quarters of 2022, narrowing 5% year-on-year.

Meanwhile, the company posted 854.1 million yuan in revenue, down 28.3% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 30.9%.