Tech-Bank Food Co.,Ltd. Posted 1 Billion Yuan Net Profit in First Three Quarters of 2022

Tech-Bank Food Co.,Ltd. (天邦食品股份有限公司) (002124.SZ) reported a net profit of 1 billion yuan in the first three quarters of 2022, reversing a net loss of 2.7 billion yuan for the same period in the previous year.

Meanwhile, the company posted 6.8 billion yuan in revenue, down 18.9% year-on-year.

At the end of the reporting period, it had 19.1 billion yuan in total assets and 14.6 billion yuan in total liabilities, with a liability-to-asset ratio of 76.5%.