Tianfeng Securities Co.,Ltd. Posted 66.1 Million Yuan Net Loss in First Quarter of 2022

Tianfeng Securities Co.,Ltd. (天风证券股份有限公司) (601162.SH) reported a net loss of 66.1 million yuan in the first quarter of 2022, reversing a net profit of 124.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 365.4 million yuan in revenue, down 46% year-on-year.

At the end of the reporting period, it had 100 billion yuan in total assets and 74.4 billion yuan in total liabilities, with a liability-to-asset ratio of 74.4%.