Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 07:35 am EDT
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Changzhou Tiansheng New Materials Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 754.61 million compared to CNY 876.62 million a year ago. Revenue was CNY 761 million compared to CNY 893.5 million a year ago. Net loss was CNY 164.09 million compared to CNY 284.7 million a year ago. Basic loss per share from continuing operations was CNY 0.5 compared to CNY 0.87 a year ago. Diluted loss per share from continuing operations was CNY 0.5 compared to CNY 0.87 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.