Tibet Development Co.,Ltd. Posted 76.5 Million Yuan Net Loss in 2022

Tibet Development Co.,Ltd. (西藏发展股份有限公司) (000752.SZ) reported a net loss of 76.5 million yuan in 2022, reversing a net profit of 8.6 million yuan for the previous year.

Meanwhile, the company posted 276.9 million yuan in revenue, down 29.5% year-on-year.

At the end of the reporting period, it had 853.7 million yuan in total assets and 561.9 million yuan in total liabilities, with a liability-to-asset ratio of 65.8%.