Tianfeng Securities Co.,Ltd. Posted 597.2 Million Yuan Net Profit in First Quarter of 2023

Tianfeng Securities Co.,Ltd. (天风证券股份有限公司) (601162.SH) reported a net profit of 597.2 million yuan in the first quarter of 2023, reversing a net loss of 66.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 283% year-on-year.

At the end of the reporting period, it had 94.1 billion yuan in total assets and 69.6 billion yuan in total liabilities, with a liability-to-asset ratio of 74%.