Tanac Automation Co.,Ltd. Posted 213,304 Yuan Net Profit in First Quarter of 2023

Tanac Automation Co.,Ltd. (浙江田中精机股份有限公司) (300461.SZ) reported a net profit of 213,304 yuan in the first quarter of 2023, reversing a net loss of 11 million yuan for the same period in the previous year.

Meanwhile, the company posted 54.5 million yuan in revenue, up 59.4% year-on-year.

At the end of the reporting period, it had 900.3 million yuan in total assets and 233.6 million yuan in total liabilities, with a liability-to-asset ratio of 25.9%.