Tanac Automation Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 28, 2022 at 10:28 am
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Tanac Automation Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 336 million compared to CNY 361.21 million a year ago. Revenue was CNY 343.89 million compared to CNY 363.77 million a year ago. Net income was CNY 31.91 million compared to CNY 104.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.26 compared to CNY 0.87 a year ago. Diluted earnings per share from continuing operations was CNY 0.26 compared to CNY 0.87 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. 
