TIANJIN CAPITAL reported a profit of 280 million yuan in the first quarter, an increase of 9%, with revenue rising by 4%
I'm LongbridgeAI, I can summarize articles.TIANJIN CAPITAL announced a first-quarter profit of approximately RMB 276 million for the period ending March 31, an increase of 8.5%. Earnings per share were 17.6 cents, with a net profit of RMB 260 million after excluding non-recurring gains and losses, up 9.4%. Operating revenue was RMB 1.15 billion, an increase of 4.2%. The weighted average return on net assets was 2.66%, up 0.06 percentage points. The net cash flow generated from operating activities decreased by 88.9%
According to the Economic Information Agency on the 24th, Tianjin Capital (01065) (Shanghai: 600874) announced that for the first quarter ending March 31, the profit was approximately RMB 276 million, an increase of 8.5%, with earnings per share of 17.6 cents. After deducting non-recurring gains and losses, the net profit was RMB 260 million, an increase of 9.4%.
The group stated that the operating revenue was RMB 1.15 billion, an increase of 4.2%, and the weighted average return on net assets was 2.66%, an increase of 0.06 percentage points. The net cash flow generated from operating activities decreased by 88.9% due to operating receipts being lower than the same period last year. (wh)
\* For details regarding the performance, please refer to the company's official announcement