China Tianbao Group (01427) announced its 2023 results, with revenue of about 2,717 billion yuan, up 41% year on year...
According to the Zhitong Finance App, China Tianbao Group (01427) announced its 2023 results, with revenue of about 2,717 billion yuan, an increase of 41% over the previous year. Net profit of 10.99 million yuan, net loss of about 347 million yuan in 2022, profit per share of 0.01 yuan.
According to the announcement, turning a loss into profit was mainly due to the impact of the novel coronavirus pneumonia epidemic in 2022, and the construction contracting business gradually returned to normal in 2023. Gross profit increased, fair value losses obtained from investment properties this year, realized losses from financial assets included in profit and loss at fair value, and impairment losses on financial and contract assets were drastically reduced by about RMB 349 million compared to 2022.