Qingdao Tianneng Heavy Industries Co.,Ltd.’s Net Profit Rose 3% in First Half of 2023

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 124.9 million yuan in the first half of 2023, up 3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 10% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.