Qingdao Tianneng Heavy Industries Co.,Ltd.’s Net Profit Dropped 44.4% in First Half of 2022

Qingdao Tianneng Heavy Industries Co.,Ltd. (青岛天能重工股份有限公司) (300569.SZ) reported a net profit of 121.3 million yuan in the first half of 2022, down 44.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 14.5% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.3%.