Tianjin Jinbin Development Co.,Ltd. Posted 11.1 Million Yuan Net Loss in First Quarter of 2023

Tianjin Jinbin Development Co.,Ltd. (天津津滨发展股份有限公司) (000897.SZ) reported a net loss of 11.1 million yuan in the first quarter of 2023, reversing a net profit of 43.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 69.5 million yuan in revenue, down 48.4% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 71.1%.