Tongkun Group Co.,Ltd.’s Net Profit Dropped 68.5% in First Three Quarters of 2022

Tongkun Group Co.,Ltd. (桐昆集团股份有限公司) (601233.SH) reported a net profit of 1.9 billion yuan in the first three quarters of 2022, down 68.5% year-on-year.

Meanwhile, the company posted 47.2 billion yuan in revenue, down 6.3% year-on-year.

At the end of the reporting period, it had 89.9 billion yuan in total assets and 53.2 billion yuan in total liabilities, with a liability-to-asset ratio of 59.2%.