Zhejiang Tiancheng Controls Co.,Ltd.’s Net Profit Dropped 46.8% in First Half 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 12 million yuan in the first half of 2023, down 46.8% year-on-year.

Meanwhile, the company posted 628.2 million yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.