Lingnan Eco&Culture-Tourism Co.,Ltd. Posted 209.1 Million Yuan Net Loss in First Three Quarters of 2023

Lingnan Eco&Culture-Tourism Co.,Ltd. (岭南生态文旅股份有限公司) (002717.SZ) reported a net loss of 209.1 million yuan in the first three quarters of 2023, narrowing 51.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 13.5 billion yuan in total liabilities, with a liability-to-asset ratio of 80.6%.