Tianjin Jinbin Development Co.,Ltd.’s Net Profit Dropped 46% in 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 261.9 million yuan in 2022, down 46% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 37% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 72.9%.