Glory Health Industry LimitedHKEX: 2329

Glory Health Industry: Net loss widened to RMB1,416 million as liquidity risks persist and transformation accelerates

· Issued by Glory Health Industry Limited

Revenue rose 8% year-over-year to RMB2,705 million, but net loss widened to RMB1,416 million amid a challenging real estate market. Liquidity risks and overdue borrowings led to a disclaimer of opinion from the auditor, while the company accelerates its shift toward the health industry.

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