Tibet Tianlu Co.,Ltd. Posted 106.7 Million Yuan Net Loss in First Quarter of 2023

Tibet Tianlu Co.,Ltd. (西藏天路股份有限公司) (600326.SH) reported a net loss of 106.7 million yuan in the first quarter of 2023, widening 51.6% year-on-year.

Meanwhile, the company posted 531.9 million yuan in revenue, down 23.4% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.