Sichuan Languang Development Co.,Ltd. Posted 716.1 Million Yuan Net Loss in First Quarter of 2023

Sichuan Languang Development Co.,Ltd. (四川蓝光发展股份有限公司) (600466.SH) reported a net loss of 716.1 million yuan in the first quarter of 2023, widening 139% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, down 36.4% year-on-year.

At the end of the reporting period, it had 128.5 billion yuan in total assets and 149.6 billion yuan in total liabilities, with a liability-to-asset ratio of 116.4%.