Xinjiang Tianye Co.,Ltd.’s Net Profit Dropped 34.1% in First Half of 2022

Xinjiang Tianye Co.,Ltd. (新疆天业股份有限公司) (600075.SH) reported a net profit of 709 million yuan in the first half of 2022, down 34.1% year-on-year.

Meanwhile, the company posted 6.3 billion yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 19.5 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 43.7%.