Tibet Development Co.,Ltd. Posted 40.4 Million Yuan Net Loss in First Three Quarters of 2022

Tibet Development Co.,Ltd. (西藏发展股份有限公司) (000752.SZ) reported a net loss of 40.4 million yuan in the first three quarters of 2022, reversing a net profit of 15.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 214.8 million yuan in revenue, down 29.8% year-on-year.

At the end of the reporting period, it had 891.1 million yuan in total assets and 563.3 million yuan in total liabilities, with a liability-to-asset ratio of 63.2%.