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 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.