Tangrenshen Group Co.,Ltd. Posted 174 Million Yuan Net Loss in First Half of 2022

Tangrenshen Group Co.,Ltd. (唐人神集团股份有限公司) (002567.SZ) reported a net loss of 174 million yuan in the first half of 2022, reversing a net profit of 203.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 11.4 billion yuan in revenue, up 5% year-on-year.

At the end of the reporting period, it had 16.1 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63%.