Shanghai Tianchen Co.,Ltd.’s Net Profit Dropped 60.1% in 2022

Shanghai Tianchen Co.,Ltd. (上海市天宸股份有限公司) (600620.SH) reported a net profit of 47.9 million yuan in 2022, down 60.1% year-on-year.

Meanwhile, the company posted 243.7 million yuan in revenue, up 482.9% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 36.9%.