Xinjiang Tianfu Energy Co.,Ltd. Posted 748.4 Million Yuan Net Loss in First Three Quarters of 2022

Xinjiang Tianfu Energy Co.,Ltd. (新疆天富能源股份有限公司) (600509.SH) reported a net loss of 748.4 million yuan in the first three quarters of 2022, reversing a net profit of 131.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.4 billion yuan in revenue, up 17.8% year-on-year.

At the end of the reporting period, it had 21.4 billion yuan in total assets and 15.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.