Zhejiang Tiancheng Controls Co.,Ltd. Posted 273.2 Million Yuan Net Loss in 2022

Zhejiang Tiancheng Controls Co.,Ltd. (浙江天成自控股份有限公司) (603085.SH) reported a net loss of 273.2 million yuan in 2022, reversing a net profit of 28.2 million yuan for the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 61.7%.