Taier Heavy Industry Co.,Ltd. Posted 3.1 Million Yuan Net Loss in First Half of 2022

Taier Heavy Industry Co.,Ltd. (泰尔重工股份有限公司) (002347.SZ) reported a net loss of 3.1 million yuan in the first half of 2022, reversing a net profit of 20.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 532.5 million yuan in revenue, up 25.8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.