Zhongtian Financial Group Company Limited Posted 1.3 Billion Yuan Net Loss in First Quarter of 2022

Zhongtian Financial Group Company Limited (中天金融集团股份有限公司) (000540.SZ) reported a net loss of 1.3 billion yuan in the first quarter of 2022, reversing a net profit of 306.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 59.1% year-on-year.

At the end of the reporting period, it had 157.5 billion yuan in total assets and 147.7 billion yuan in total liabilities, with a liability-to-asset ratio of 93.8%.