Tongkun Group Co.,Ltd.’s Net Profit Dropped 44.2% in First Half of 2022

Tongkun Group Co.,Ltd. (桐昆集团股份有限公司) (601233.SH) reported a net profit of 2.3 billion yuan in the first half of 2022, down 44.2% year-on-year.

Meanwhile, the company posted 29.9 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 85.9 billion yuan in total assets and 48.1 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.