Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 58.8% in First Three Quarters of 2022

Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (秦皇岛天秦装备制造股份有限公司) (300922.SZ) reported a net profit of 23.3 million yuan in the first three quarters of 2022, down 58.8% year-on-year.

Meanwhile, the company posted 99.4 million yuan in revenue, down 35.9% year-on-year.

At the end of the reporting period, it had 916.1 million yuan in total assets and 54.3 million yuan in total liabilities, with a liability-to-asset ratio of 5.9%.