Langold Real Estate Co.,Ltd. Posted 723.7 Million Yuan Net Loss in First Half of 2023

Langold Real Estate Co.,Ltd. (南国置业股份有限公司) (002305.SZ) reported a net loss of 723.7 million yuan in the first half of 2023, widening 108.2% year-on-year.

Meanwhile, the company posted 443.8 million yuan in revenue, down 72.2% year-on-year.

At the end of the reporting period, it had 29.4 billion yuan in total assets and 25.9 billion yuan in total liabilities, with a liability-to-asset ratio of 88.1%.