Zhejiang Tiancheng Controls Co.,Ltd.’s Net Profit Dropped 85.7% in First Quarter of 2023

Zhejiang Tiancheng Controls Co.,Ltd. (浙江天成自控股份有限公司) (603085.SH) reported a net profit of 1.9 million yuan in the first quarter of 2023, down 85.7% year-on-year.

Meanwhile, the company posted 278.6 million yuan in revenue, down 35.5% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.