Tongyu Heavy Industry Co.,Ltd.’s Net Profit Dropped 51.8% in First Quarter of 2022

Tongyu Heavy Industry Co.,Ltd. (通裕重工股份有限公司) (300185.SZ) reported a net profit of 53.3 million yuan in the first quarter of 2022, down 51.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 8.4% year-on-year.

At the end of the reporting period, it had 14.1 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.3%.