Tungkong Inc.’s Net Profit Dropped 18.9% in First Three Quarters of 2022

Tungkong Inc. (东港股份有限公司) (002117.SZ) reported a net profit of 119.8 million yuan in the first three quarters of 2022, down 18.9% year-on-year.

Meanwhile, the company posted 742.4 million yuan in revenue, down 15.5% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 431.4 million yuan in total liabilities, with a liability-to-asset ratio of 21.9%.