Langold Real Estate Co.,Ltd. Posted 1 Billion Yuan Net Loss in First Three Quarters of 2023

Langold Real Estate Co.,Ltd. (南国置业股份有限公司) (002305.SZ) reported a net loss of 1 billion yuan in the first three quarters of 2023, widening 124.5% year-on-year.

Meanwhile, the company posted 615.8 million yuan in revenue, down 76.8% year-on-year.

At the end of the reporting period, it had 29.2 billion yuan in total assets and 26 billion yuan in total liabilities, with a liability-to-asset ratio of 89%.