Zhongtian Financial Group Company Limited Posted 3 Billion Yuan Net Loss in First Half 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 3 billion yuan in the first half of 2022, reversing a net profit of 463.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 54% year-on-year.

At the end of the reporting period, it had 158.2 billion yuan in total assets and 150.4 billion yuan in total liabilities, with a liability-to-asset ratio of 95.1%.