Yango Group Co.,Ltd. Posted 559.7 Million Yuan Net Loss in First Quarter of 2023

Yango Group Co.,Ltd. (阳光城集团股份有限公司) (000671.SZ) reported a net loss of 559.7 million yuan in the first quarter of 2023, narrowing 65.7% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 298.8 billion yuan in total assets and 274.4 billion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.