Langfang Development Co.,Ltd. Posted 4.9 Million Yuan Net Loss in First Quarter of 2023

Langfang Development Co.,Ltd. (廊坊发展股份有限公司) (600149.SH) reported a net loss of 4.9 million yuan in the first quarter of 2023, narrowing 68.2% year-on-year.

Meanwhile, the company posted 84.9 million yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 609.1 million yuan in total assets and 366.6 million yuan in total liabilities, with a liability-to-asset ratio of 60.2%.