Qingdao Tianneng Heavy Industries Co.,Ltd.’s Net Profit Dropped 48.8% in 2022

Qingdao Tianneng Heavy Industries Co.,Ltd. (青岛天能重工股份有限公司) (300569.SZ) reported a net profit of 234.2 million yuan in 2022, down 48.8% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 7.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.