Zhejiang Tiancheng Controls Co.,Ltd.’s Net Profit Dropped 34.9% in First Quarter of 2022

Zhejiang Tiancheng Controls Co.,Ltd. (浙江天成自控股份有限公司) (603085.SH) reported a net profit of 13.3 million yuan in the first quarter of 2022, down 34.9% year-on-year.

Meanwhile, the company posted 431.9 million yuan in revenue, up 15.5% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.8%.