China Tianying Inc.’s Net Profit Rose 19.8% in First Quarter of 2023

China Tianying Inc. (中国天楹股份有限公司) (000035.SZ) reported a net profit of 49.3 million yuan in the first quarter of 2023, up 19.8% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 7.3% year-on-year.

At the end of the reporting period, it had 26.9 billion yuan in total assets and 16.4 billion yuan in total liabilities, with a liability-to-asset ratio of 61%.