Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd.’s Net Profit Dropped 22.2% in First Three Quarters 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 18.2 million yuan in the first three quarters of 2023, down 22.2% year-on-year.

Meanwhile, the company posted 87 million yuan in revenue, down 12.5% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 83 million yuan in total liabilities, with a liability-to-asset ratio of 8.7%.