Hunan Tyen Machinery Co.,Ltd. Posted 27.8 Million Yuan Net Loss in 2022

Hunan Tyen Machinery Co.,Ltd. (湖南天雁机械股份有限公司) (600698.SH) reported a net loss of 27.8 million yuan in 2022, reversing a net profit of 8.8 million yuan for the previous year.

Meanwhile, the company posted 330.6 million yuan in revenue, down 41.9% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 300.3 million yuan in total liabilities, with a liability-to-asset ratio of 28.3%.