Tande Co.,Ltd. Posted 30.8 Million Yuan Net Profit in First Quarter of 2023

Tande Co.,Ltd. (天地源股份有限公司) (600665.SH) reported a net profit of 30.8 million yuan in the first quarter of 2023, reversing a net loss of 29.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 783.7% year-on-year.

At the end of the reporting period, it had 39.4 billion yuan in total assets and 34.2 billion yuan in total liabilities, with a liability-to-asset ratio of 86.9%.