Zhejiang Tiantie Industry Co.,Ltd. Posted 10.6 Million Yuan Net Loss in First Quarter of 2023

Zhejiang Tiantie Industry Co.,Ltd. (浙江天铁实业股份有限公司) (300587.SZ) reported a net loss of 10.6 million yuan in the first quarter of 2023, reversing a net profit of 115.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 223.2 million yuan in revenue, down 41.9% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.