Tianjin Teda Co.,Ltd.’s Net Profit Dropped 74.5% in First Half of 2023

Tianjin Teda Co.,Ltd. (天津泰达股份有限公司) (000652.SZ) reported a net profit of 10.8 million yuan in the first half of 2023, down 74.5% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, up 50.7% year-on-year.

At the end of the reporting period, it had 40.9 billion yuan in total assets and 34.4 billion yuan in total liabilities, with a liability-to-asset ratio of 84%.