Long Yuan Construction Group Co.,Ltd. Posted 574.8 Million Yuan Net Loss in First Three Quarters of 2023

Long Yuan Construction Group Co.,Ltd. (龙元建设集团股份有限公司) (600491.SH) reported a net loss of 574.8 million yuan in the first three quarters of 2023, reversing a net profit of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 7.2 billion yuan in revenue, down 37.9% year-on-year.

At the end of the reporting period, it had 60.9 billion yuan in total assets and 48.1 billion yuan in total liabilities, with a liability-to-asset ratio of 79.1%.