Titan Wind Energy(Suzhou) Co.,Ltd.’s Net Profit Dropped 63.3% in First Three Quarters of 2022

Titan Wind Energy(Suzhou) Co.,Ltd. (天顺风能(苏州)股份有限公司) (002531.SZ) reported a net profit of 379.5 million yuan in the first three quarters of 2022, down 63.3% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 27.4% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 9.4 billion yuan in total liabilities, with a liability-to-asset ratio of 53.8%.