Tongyu Heavy Industry Co.,Ltd.’s Net Profit Dropped 47.8% in First Half of 2022

Tongyu Heavy Industry Co.,Ltd. (通裕重工股份有限公司) (300185.SZ) reported a net profit of 112.7 million yuan in the first half of 2022, down 47.8% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 0.1% year-on-year.

At the end of the reporting period, it had 15.9 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 57.3%.