Tanac Automation Co.,Ltd. Posted 898,939 Yuan Net Loss in First Half of 2023

Tanac Automation Co.,Ltd. (浙江田中精机股份有限公司) (300461.SZ) reported a net loss of 898,939 yuan in the first half of 2023, narrowing 93% year-on-year.

Meanwhile, the company posted 120.3 million yuan in revenue, up 22.1% year-on-year.

At the end of the reporting period, it had 872.7 million yuan in total assets and 207.1 million yuan in total liabilities, with a liability-to-asset ratio of 23.7%.