Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 55.3% in First Half 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 8.3 million yuan in the first half of 2023, down 55.3% year-on-year.

Meanwhile, the company posted 43.9 million yuan in revenue, down 35.2% year-on-year.

At the end of the reporting period, it had 910.3 million yuan in total assets and 51.7 million yuan in total liabilities, with a liability-to-asset ratio of 5.7%.