Langfang Development Co.,Ltd. Posted 15.6 Million Yuan Net Loss in First Quarter of 2022

Langfang Development Co.,Ltd. (廊坊发展股份有限公司) (600149.SH) reported a net loss of 15.6 million yuan in the first quarter of 2022, reversing a net profit of 4.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 77.9 million yuan in revenue, up 8.1% year-on-year.

At the end of the reporting period, it had 615 million yuan in total assets and 366.6 million yuan in total liabilities, with a liability-to-asset ratio of 59.6%.