TD Holdings, Inc. Reports First Quarter 2022 Financial Results Showing Progress of Company Turnaround
TD Holdings, Inc. (GLG)
Company Research
Source: PR Newswire
Revenue up 63% year-over-yearSHENZHEN, China, May 13, 2022 /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.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 from $29.58 million in the same period of last year, demonstrating the continued execution and progress on our strategic development. Our net income was $1.59 million in the first quarter of 2022, compared with the net loss of $1.54 million for the same period of last year, indicating that we have realized the goal of reaching break-even or even profitable.
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