Tibet Urban Development And Investment Co.,Ltd.’s Net Profit Dropped 60.7% in First Three Quarters 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 14.9 million yuan in the first three quarters of 2023, down 60.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 16.9% year-on-year.

At the end of the reporting period, it had 14 billion yuan in total assets and 10.3 billion yuan in total liabilities, with a liability-to-asset ratio of 73.6%.