Zhejiang Tiancheng Controls Co.,Ltd.’s Net Profit Dropped 45.3% in First Half 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 22.5 million yuan in the first half of 2022, down 45.3% year-on-year.

Meanwhile, the company posted 750.1 million yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.9%.