Tieling Newcity Investment Holding(Group) Limited Posted 30.4 Million Yuan Net Loss in First Quarter of 2023

Tieling Newcity Investment Holding(Group) Limited (铁岭新城投资控股(集团)股份有限公司) (000809.SZ) reported a net loss of 30.4 million yuan in the first quarter of 2023, narrowing 6.1% year-on-year.

Meanwhile, the company posted 6 million yuan in revenue, up 49% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 33.2%.