Taiyuan Heavy Industry Co.,Ltd.’s Net Profit Dropped 42.7% in First Half of 2022

Taiyuan Heavy Industry Co.,Ltd. (太原重工股份有限公司) (600169.SH) reported a net profit of 77.8 million yuan in the first half of 2022, down 42.7% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, flat year-on-year.

At the end of the reporting period, it had 31.9 billion yuan in total assets and 26 billion yuan in total liabilities, with a liability-to-asset ratio of 81.5%.