Tsinghua Tongfang Co.,Ltd. Posted 195.5 Million Yuan Net Profit in First Quarter of 2023

Tsinghua Tongfang Co.,Ltd. (同方股份有限公司) (600100.SH) reported a net profit of 195.5 million yuan in the first quarter of 2023, reversing a net loss of 621.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.4 billion yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 56 billion yuan in total assets and 35.8 billion yuan in total liabilities, with a liability-to-asset ratio of 64%.