Taiyuan Heavy Industry Co.,Ltd.’s Net Profit Dropped 57.7% in First Three Quarters of 2022

Taiyuan Heavy Industry Co.,Ltd. (太原重工股份有限公司) (600169.SH) reported a net profit of 99.5 million yuan in the first three quarters of 2022, down 57.7% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, up 5.1% year-on-year.

At the end of the reporting period, it had 32.1 billion yuan in total assets and 26.1 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.