Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 03:57 am EDT
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Changzhou Tiansheng New Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 138.908 million compared to CNY 181.526 million a year ago. Operating loss was CNY 22.055 million compared to CNY 8.480 million a year ago. Net loss was CNY 16.473 million compared to CNY 4.836 million a year ago. Basic loss per share from continuing operations was CNY 0.0505 compared to CNY 0.0148 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.
CHANGZHOU TIANSHENG NEW MATERIALS GROUP CO., LTD. 
