China Tianying Inc.’s Net Profit Dropped 74.3% in First Quarter of 2022

China Tianying Inc. (中国天楹股份有限公司) (000035.SZ) reported a net profit of 41.1 million yuan in the first quarter of 2022, down 74.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 79.2% year-on-year.

At the end of the reporting period, it had 24.2 billion yuan in total assets and 13 billion yuan in total liabilities, with a liability-to-asset ratio of 53.6%.