Tibet Development Co.,Ltd. Posted 81,943 Yuan Net Loss in First Quarter of 2022

Tibet Development Co.,Ltd. (西藏发展股份有限公司) (000752.SZ) reported a net loss of 81,943 yuan in the first quarter of 2022, reversing a net profit of 3.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 111.7 million yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 919.7 million yuan in total assets and 551.6 million yuan in total liabilities, with a liability-to-asset ratio of 60%.