Titan Wind Energy(Suzhou) Co.,Ltd.’s Net Profit Dropped 68.6% in First Half of 2022

Titan Wind Energy(Suzhou) Co.,Ltd. (天顺风能(苏州)股份有限公司) (002531.SZ) reported a net profit of 251.5 million yuan in the first half of 2022, down 68.6% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 38% year-on-year.

At the end of the reporting period, it had 16.8 billion yuan in total assets and 8.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.6%.