Qingdao Tianneng Heavy Industries Co.,Ltd.’s Net Profit Dropped 8.2% in First Half of 2021

Qingdao Tianneng Heavy Industries Co.,Ltd. (青岛天能重工股份有限公司) (300569.SZ) reported a net profit of 155.1 million yuan in the first half of 2021, down 8.2% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 6.5 billion yuan in total liabilities, with a liability-to-asset ratio of 72%.

This article was automatically produced by Caixin Automation on Sept. 1, 2021.

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