Guangdong Tengen Industrial Group Co.,Ltd.’s Net Profit Dropped 98% in First Quarter of 2022

Guangdong Tengen Industrial Group Co.,Ltd. (广东天元实业集团股份有限公司) (003003.SZ) reported a net profit of 281,999 yuan in the first quarter of 2022, down 98% year-on-year.

Meanwhile, the company posted 326.6 million yuan in revenue, up 19.9% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 509 million yuan in total liabilities, with a liability-to-asset ratio of 29.4%.