Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 19.8% in First Quarter of 2023

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 7.9 million yuan in the first quarter of 2023, down 19.8% year-on-year.

Meanwhile, the company posted 27.4 million yuan in revenue, down 10.4% year-on-year.

At the end of the reporting period, it had 920.6 million yuan in total assets and 46.7 million yuan in total liabilities, with a liability-to-asset ratio of 5.1%.