Guangzhou Lingnan Group Holdings Company Limited Posted 190.7 Million Yuan Net Loss in 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 190.7 million yuan in 2022, widening 31.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 32.2% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 927.5 million yuan in total liabilities, with a liability-to-asset ratio of 31.1%.