Shanghai Tianchen Co.,Ltd. Posted 34.5 Million Yuan Net Loss in First Half of 2022

Shanghai Tianchen Co.,Ltd. (上海市天宸股份有限公司) (600620.SH) reported a net loss of 34.5 million yuan in the first half of 2022, reversing a net profit of 177 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.3 million yuan in revenue, down 74.7% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 555.5 million yuan in total liabilities, with a liability-to-asset ratio of 20.3%.