Tianjin Tianbao Infrastructure Co.,Ltd.’s Net Profit Dropped 30.7% in First Quarter of 2023

Tianjin Tianbao Infrastructure Co.,Ltd. (天津天保基建股份有限公司) (000965.SZ) reported a net profit of 22.4 million yuan in the first quarter of 2023, down 30.7% year-on-year.

Meanwhile, the company posted 266.4 million yuan in revenue, down 46.2% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 7.1 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.