Langold Real Estate Co.,Ltd. Posted 180 Million Yuan Net Loss in First Quarter of 2023

Langold Real Estate Co.,Ltd. (南国置业股份有限公司) (002305.SZ) reported a net loss of 180 million yuan in the first quarter of 2023, widening 146.4% year-on-year.

Meanwhile, the company posted 194.5 million yuan in revenue, down 58.6% year-on-year.

At the end of the reporting period, it had 28.8 billion yuan in total assets and 24.9 billion yuan in total liabilities, with a liability-to-asset ratio of 86.4%.