Tianjin Tianbao Infrastructure Co.,Ltd.’s Net Profit Dropped 80.9% in First Half of 2023

Tianjin Tianbao Infrastructure Co.,Ltd. (天津天保基建股份有限公司) (000965.SZ) reported a net profit of 9.5 million yuan in the first half of 2023, down 80.9% year-on-year.

Meanwhile, the company posted 398.6 million yuan in revenue, down 53.5% year-on-year.

At the end of the reporting period, it had 14.5 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.