Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 66.7% in 2022

Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (秦皇岛天秦装备制造股份有限公司) (300922.SZ) reported a net profit of 26.9 million yuan in 2022, down 66.7% year-on-year.

Meanwhile, the company posted 147.9 million yuan in revenue, down 38.6% year-on-year.

At the end of the reporting period, it had 927.1 million yuan in total assets and 61.1 million yuan in total liabilities, with a liability-to-asset ratio of 6.6%.