Tech-Bank Food Co.,Ltd. Posted 584.8 Million Yuan Net Profit in First Half of 2022

Tech-Bank Food Co.,Ltd. (天邦食品股份有限公司) (002124.SZ) reported a net profit of 584.8 million yuan in the first half of 2022, reversing a net loss of 648.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 30% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 78.7%.