Tianjin Jinbin Development Co.,Ltd.’s Net Profit Dropped 78.9% in First Three Quarters of 2022

Tianjin Jinbin Development Co.,Ltd. (天津津滨发展股份有限公司) (000897.SZ) reported a net profit of 107.1 million yuan in the first three quarters of 2022, down 78.9% year-on-year.

Meanwhile, the company posted 442.9 million yuan in revenue, down 79% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 73.9%.