Tangrenshen Group Co.,Ltd. Posted 1 Billion Yuan Net Loss in First Three Quarters of 2023

Tangrenshen Group Co.,Ltd. (唐人神集团股份有限公司) (002567.SZ) reported a net loss of 1 billion yuan in the first three quarters of 2023, reversing a net profit of 21.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 20.9 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 19.1 billion yuan in total assets and 12.4 billion yuan in total liabilities, with a liability-to-asset ratio of 64.8%.