Tanac Automation Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
July 29, 2020 at 05:27 am EDT
Share
Tanac Automation Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 171.891 million compared to CNY 332.889 million a year ago. Operating income was CNY 14.658 million compared to operating loss of CNY 131.158 million a year ago. Net income was CNY 17.122 million compared to net loss of CNY 95.545 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to basic loss per share from continuing operations of CNY 0.77 a year ago.
Tanac Automation Co., Ltd is a China-based company principally engaged in development, manufacture and sales of computer numerical control (CNC) automatic winding equipment and accessories. The Companyâs products include CNC automatic winding machines-standard, CNC automatic winding machines-non standard, CNC automatic special equipment and CNC equipment parts. CNC automatic winding machines-standard include air core coil winding machines, full-automatic winding machines and others; CNC automatic winding machines-non standard include full-automatic motor winding machines, full automatic flying winding machines and others; CNC automatic special equipment include full-automatic floating machines, assembly machines, terminal connectors and others; CNC equipment parts include tensioners, sealing-tape machines, twisters, succors sets, free location thread clamp devices. The Company distributes its products mainly within domestic market and to overseas markets.
TANAC AUTOMATION CO., LTD. 
