Shanghai Tianchen Co.,Ltd. Posted 32.3 Million Yuan Net Loss in First Three Quarters of 2022

Shanghai Tianchen Co.,Ltd. (上海市天宸股份有限公司) (600620.SH) reported a net loss of 32.3 million yuan in the first three quarters of 2022, reversing a net profit of 169.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 8.6 million yuan in revenue, down 73.2% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 585.5 million yuan in total liabilities, with a liability-to-asset ratio of 22.7%.