{"id":9406,"date":"2022-05-13T12:00:00","date_gmt":"2022-05-13T12:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3756895_CN56895_0"},"modified":"2022-05-13T12:00:00","modified_gmt":"2022-05-13T12:00:00","slug":"td-holdings-inc-reports-first-quarter-2022-financial-results-showing-progress-of-company-turnaround","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=9406","title":{"rendered":"TD Holdings, Inc. Reports First Quarter 2022 Financial Results Showing Progress of Company Turnaround"},"content":{"rendered":"
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Revenue up 63% year-over-year<\/i><\/b><\/p>\n

SHENZHEN, China<\/span><\/span>, May 13, 2022<\/span><\/span> \/PRNewswire\/ — TD Holdings, Inc. (Nasdaq: GLG) (the “Company”), a commodities trading service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2022, supporting the turnaround efforts made by the Company.<\/p>\n

Ms. Renmei Ouyang, the Chief Executive Officer of the Company, stated, “Despite facing a challenging macroeconomic situation, we delivered strong financial results in the first quarter, reflecting the sustainable profitability of our business model. In the first quarter of 2022, our revenue was up 63% to $48.16 million<\/span> from $29.58 million<\/span> in the same period of last year, demonstrating the continued execution and progress on our strategic development. Our net income was $1.59 million<\/span> in the first quarter of 2022, compared with the net loss of $1.54 million<\/span> for the same period of last year, indicating that we have realized the goal of reaching break-even or even profitable. The significant increase in our financial results marks an excellent start to the year and supports our growth objectives. Looking ahead to the remainder of the year and beyond, we will continue our efforts to serve our customers, explore opportunities in the market of global gold spot trading, digital cloud warehouse as well as lightweight new materials, and drive growth in our business by leveraging our market leadership and investing to capitalize on robust demand dynamics. We believe that we remain well-positioned as the industry leader while maintaining our competitive advantages to deliver long-term growth and generate long-term shareholder value.”<\/p>\n

First Quarter 2022 Financial Highlights<\/b><\/p>\n