China Tianying Inc.’s Net Profit Dropped 86% in 2022

China Tianying Inc. (中国天楹股份有限公司) (000035.SZ) reported a net profit of 121.6 million yuan in 2022, down 86% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 67.4% year-on-year.

At the end of the reporting period, it had 26.5 billion yuan in total assets and 16 billion yuan in total liabilities, with a liability-to-asset ratio of 60.6%.

This article was automatically produced by Caixin Automation on May 8, 2023.

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