Tanac Automation Co.,Ltd. Posted 37.5 Million Yuan Net Loss in First Three Quarters 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 37.5 million yuan in the first three quarters of 2022, reversing a net profit of 12.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 140.7 million yuan in revenue, down 42.8% year-on-year.

At the end of the reporting period, it had 557 million yuan in total assets and 333.6 million yuan in total liabilities, with a liability-to-asset ratio of 59.9%.