Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 03:54 am EDT
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Changzhou Tiansheng New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 131.6 million compared to CNY 182.81 million a year ago. Revenue was CNY 131.6 million compared to CNY 182.81 million a year ago. Net loss was CNY 17.46 million compared to CNY 4.07 million a year ago. Basic loss per share from continuing operations was CNY 0.0536 compared to CNY 0.0125 a year ago. Diluted loss per share from continuing operations was CNY 0.0536 compared to CNY 0.0125 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 new polymer materials. The Company's products include soft foam materials, structural foam materials, post-processing products and transportation supporting products. The soft foam materials are used in electronic products, home appliances, automobiles, sports and leisure and other fields. The structural foam materials are used in wind power generation, rail transportation, ships, aerospace, building energy conservation and other fields. The post-processing business carries the application and promotion of the Company's series of structural core materials in the market. The transportation supporting products are mainly sound barrier products, which are used in high-speed railways, subways and other urban rail transportation fields. The Company mainly operates its businesses in the domestic market.