Zhejiang Tiantie Industry Co.,Ltd. Posted 58.8 Million Yuan Net Loss in First Three Quarters of 2023

Zhejiang Tiantie Industry Co.,Ltd. (浙江天铁实业股份有限公司) (300587.SZ) reported a net loss of 58.8 million yuan in the first three quarters of 2023, reversing a net profit of 333.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.