Zhongtian Financial Group Company Limited Posted 2.1 Billion Yuan Net Loss in First Quarter of 2023

Zhongtian Financial Group Company Limited (中天金融集团股份有限公司) (000540.SZ) reported a net loss of 2.1 billion yuan in the first quarter of 2023, widening 56.1% year-on-year.

Meanwhile, the company posted 816.6 million yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 149.6 billion yuan in total assets and 161.2 billion yuan in total liabilities, with a liability-to-asset ratio of 107.7%.