Taier Heavy Industry Co.,Ltd. Posted 6.5 Million Yuan Net Loss in First Three Quarters of 2022

Taier Heavy Industry Co.,Ltd. (泰尔重工股份有限公司) (002347.SZ) reported a net loss of 6.5 million yuan in the first three quarters of 2022, reversing a net profit of 26.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 769.2 million yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.