Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 10:17 am EDT
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Changzhou Tiansheng New Materials Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 412.933 million compared to CNY 395.962 million a year ago. Operating loss was CNY 19.686 million compared to operating Income of CNY 2.972 million a year ago. Net loss was CNY 8.578 million compared to net income of CNY 5.292 million a year ago. Basic loss per share from continuing operations was CNY 0.0263 compared to basic earnings per share from continuing operations of CNY 0.0162 a year ago.
Changzhou Tiansheng New Materials Group Co Ltd is a China-based company mainly engaged in the research, development, production and sales of polymer foam materials. The Company's main products include soft foam plastic products, soft foam rubber products and polyvinyl chloride (PVC) rigid foam products. The Company's products are mainly used in home appliances, communications, information technology (IT), automobiles and other fields. The Company's structural foam material Strucell series products are used in wind power generation, rail transit, motor home campgrounds, shipbuilding, energy-saving buildings and other fields. The Company mainly conducts its business in domestic and foreign markets.