Tanac Automation Co.,Ltd. Posted 11 Million Yuan Net Loss in First Quarter of 2022

Tanac Automation Co.,Ltd. (浙江田中精机股份有限公司) (300461.SZ) reported a net loss of 11 million yuan in the first quarter of 2022, reversing a net profit of 12.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 34.2 million yuan in revenue, down 61.2% year-on-year.

At the end of the reporting period, it had 537.7 million yuan in total assets and 300 million yuan in total liabilities, with a liability-to-asset ratio of 55.8%.