Tibet Urban Development And Investment Co.,Ltd.’s Net Profit Dropped 66.9% in First Half of 2023

Tibet Urban Development And Investment Co.,Ltd. (西藏城市发展投资股份有限公司) (600773.SH) reported a net profit of 8.6 million yuan in the first half of 2023, down 66.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 13.5% year-on-year.

At the end of the reporting period, it had 13.8 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.