China Tianying Inc.’s Net Profit Dropped 80.4% in First Three Quarters of 2022

China Tianying Inc. (中国天楹股份有限公司) (000035.SZ) reported a net profit of 130.4 million yuan in the first three quarters of 2022, down 80.4% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 77.7% year-on-year.

At the end of the reporting period, it had 25.6 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.