Zhongtian Financial Group Company Limited Posted 19.7 Billion Yuan Net Loss in 2022

Zhongtian Financial Group Company Limited (中天金融集团股份有限公司) (000540.SZ) reported a net loss of 19.7 billion yuan in 2022, widening 85.3% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 57% year-on-year.

At the end of the reporting period, it had 146.1 billion yuan in total assets and 155.5 billion yuan in total liabilities, with a liability-to-asset ratio of 106.4%.