Zhejiang Tiantie Industry Co.,Ltd.’s Net Profit Dropped 78.5% in First Half of 2023

Zhejiang Tiantie Industry Co.,Ltd. (浙江天铁实业股份有限公司) (300587.SZ) reported a net profit of 38.6 million yuan in the first half of 2023, down 78.5% year-on-year.

Meanwhile, the company posted 927.2 million yuan in revenue, up 27.8% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.