Guangzhou Lingnan Group Holdings Company Limited Posted 31.9 Million Yuan Net Profit in First Half of 2023

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 profit of 31.9 million yuan in the first half of 2023, reversing a net loss of 106.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 234.2% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 36.5%.