Tengda Construction Group Co.,Ltd. Posted 133.6 Million Yuan Net Profit in First Quarter of 2023

Tengda Construction Group Co.,Ltd. (腾达建设集团股份有限公司) (600512.SH) reported a net profit of 133.6 million yuan in the first quarter of 2023, reversing a net loss of 170.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 817.3 million yuan in revenue, down 41.6% year-on-year.

At the end of the reporting period, it had 10.8 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.8%.