Xinjiang Tianye Co.,Ltd. Posted 39 Million Yuan Net Loss in First Quarter of 2023

Xinjiang Tianye Co.,Ltd. (新疆天业股份有限公司) (600075.SH) reported a net loss of 39 million yuan in the first quarter of 2023, reversing a net profit of 271 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 15.4% year-on-year.

At the end of the reporting period, it had 19 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 44.1%.