Qingdao Tianneng Heavy Industries Co.,Ltd.’s Net Profit Rose 26.7% in First Three Quarters 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 207.3 million yuan in the first three quarters of 2023, up 26.7% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.