Tanac Automation Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 04:13 pm IST
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Tanac Automation Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 88.140 million compared to CNY 38.389 million a year ago. Operating income was CNY 15.110 million compared to operating loss of CNY 2.199 million a year ago. Net income was CNY 12.891 million compared to CNY 1.610 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.01 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. 
