China Tianying Inc.’s Net Profit Dropped 72.9% in First Half of 2022

China Tianying Inc. (中国天楹股份有限公司) (000035.SZ) reported a net profit of 121.5 million yuan in the first half of 2022, down 72.9% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 78.1% year-on-year.

At the end of the reporting period, it had 24.2 billion yuan in total assets and 13.5 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.