Langfang Development Co.,Ltd. Posted 12.8 Million Yuan Net Loss in 2022

Langfang Development Co.,Ltd. (廊坊发展股份有限公司) (600149.SH) reported a net loss of 12.8 million yuan in 2022, reversing a net profit of 10.8 million yuan for the previous year.

Meanwhile, the company posted 213.5 million yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 657.7 million yuan in total assets and 410.3 million yuan in total liabilities, with a liability-to-asset ratio of 62.4%.