Zhejiang Tiancheng Controls Co.,Ltd.’s Net Profit Dropped 40% in First Three Quarters 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 17.1 million yuan in the first three quarters of 2023, down 40% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 11.6% 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 62.9%.