Tanac Automation Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 08:47 am EDT
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Tanac Automation Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 290.846 million compared to CNY 445.743 million a year ago. Operating income was CNY 35.933 million compared to operating loss of CNY 135.963 million a year ago. Net income was CNY 33.217 million compared to net loss of CNY 85.136 million a year ago. Basic earnings per share from continuing operations was CNY 0.27 compared to basic loss per share from continuing operations of CNY 0.68 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. 
