Shanghai Tianchen Co.,Ltd. Posted 42.1 Million Yuan Net Profit in First Three Quarters of 2023

Shanghai Tianchen Co.,Ltd. (上海市天宸股份有限公司) (600620.SH) reported a net profit of 42.1 million yuan in the first three quarters of 2023, reversing a net loss of 32.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 233.7 million yuan in revenue, up 2630.3% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.