Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 54.2% in First Half of 2022

Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (秦皇岛天秦装备制造股份有限公司) (300922.SZ) reported a net profit of 18.6 million yuan in the first half of 2022, down 54.2% year-on-year.

Meanwhile, the company posted 67.8 million yuan in revenue, down 38% year-on-year.

At the end of the reporting period, it had 904.3 million yuan in total assets and 47.2 million yuan in total liabilities, with a liability-to-asset ratio of 5.2%.