Apr 23, 2022 08:00 AM

Xinjiang Tianye Co.,Ltd.’s Net Profit Dropped 47.4% in First Quarter of 2022

By Caixin Automation

Xinjiang Tianye Co.,Ltd. (新疆天业股份有限公司) (600075.SH) reported a net profit of 271 million yuan in the first quarter of 2022, down 47.4% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, up 12.7% year-on-year.

At the end of the reporting period, it had 16.2 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.

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