Tande Co.,Ltd. Posted 29.5 Million Yuan Net Loss in First Quarter of 2022

Tande Co.,Ltd. (天地源股份有限公司) (600665.SH) reported a net loss of 29.5 million yuan in the first quarter of 2022, narrowing 17% year-on-year.

Meanwhile, the company posted 361.1 million yuan in revenue, up 5.7% year-on-year.

At the end of the reporting period, it had 40.6 billion yuan in total assets and 36.1 billion yuan in total liabilities, with a liability-to-asset ratio of 88.9%.