Tianjin Port Holdings Co.,Ltd.’s Net Profit Dropped 36.7% in First Quarter of 2022

Tianjin Port Holdings Co.,Ltd. (天津港股份有限公司) (600717.SH) reported a net profit of 185.2 million yuan in the first quarter of 2022, down 36.7% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 26.9% year-on-year.

At the end of the reporting period, it had 34.2 billion yuan in total assets and 11.1 billion yuan in total liabilities, with a liability-to-asset ratio of 32.6%.