Tangrenshen Group Co.,Ltd. Posted 173.8 Million Yuan Net Loss in First Quarter of 2022

Tangrenshen Group Co.,Ltd. (唐人神集团股份有限公司) (002567.SZ) reported a net loss of 173.8 million yuan in the first quarter of 2022, reversing a net profit of 299.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 15.3 billion yuan in total assets and 9.4 billion yuan in total liabilities, with a liability-to-asset ratio of 61.2%.