geniejackpots| Ligao Group (01622): Revenue in 2022 will be 18.636 billion yuan, and sales price per square meter will drop by 1000 yuan

News summary

Ligao Group loses 47 in 2022geniejackpots.63 billion yuangeniejackpots, revenue fell to 18.636 billion yuan, and land reserves remained at 15.9 million square meters. The average selling price dropped from 8221 yuan per square meter to 7204 yuan, resulting in a decrease in revenue.

Newsletter text

[Ligo Group's annual results: revenue reached 18.636 billion yuan, basic loss per share of 134.1 points] Ligo Group (01622) disclosed its annual results as of December 31, 2022. The group achieved revenue of 18.636 billion yuan during the reporting period. However, its loss for the year attributable to owners reached 4.763 billion yuan, and the basic loss per share was 134.1 points. In addition, as of the end of the reporting period, Ligao's land reserve was 15.9 million square meters. The decrease in revenue was mainly due to the year-on-year decrease in the recognized average selling price of delivered properties. Specifically, the selling price per square meter in 2022 will drop from 8221 yuan in 2021 to 7204 yuan. This change has had a significant impact on the Group's financial position.