Tianyu Eco-Environment Co.,Ltd. Posted 69.7 Million Yuan Net Loss in First Quarter of 2023

Tianyu Eco-Environment Co.,Ltd. (天域生态环境股份有限公司) (603717.SH) reported a net loss of 69.7 million yuan in the first quarter of 2023, reversing a net profit of 20.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 188.9 million yuan in revenue, up 53% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 62.8%.