Guangzhou Lingnan Group Holdings Company Limited Posted 70.5 Million Yuan Net Profit in First Three Quarters 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 70.5 million yuan in the first three quarters of 2023, reversing a net loss of 102.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 190.9% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.2%.