Tanac Automation Co.,Ltd. Posted 12.8 Million Yuan Net Loss in First Half 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 12.8 million yuan in the first half of 2022, reversing a net profit of 20.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 98.5 million yuan in revenue, down 44.2% year-on-year.

At the end of the reporting period, it had 568.6 million yuan in total assets and 328.5 million yuan in total liabilities, with a liability-to-asset ratio of 57.8%.