Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 36.7% in First Quarter of 2022

Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (秦皇岛天秦装备制造股份有限公司) (300922.SZ) reported a net profit of 9.9 million yuan in the first quarter of 2022, down 36.7% year-on-year.

Meanwhile, the company posted 30.5 million yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 929.6 million yuan in total assets and 42 million yuan in total liabilities, with a liability-to-asset ratio of 4.5%.