Changzhou Tiansheng New Materials Co.,Ltd. Posted 16.2 Million Yuan Net Loss in First Quarter of 2022

Changzhou Tiansheng New Materials Co.,Ltd. (常州天晟新材料股份有限公司) (300169.SZ) reported a net loss of 16.2 million yuan in the first quarter of 2022, widening 278.4% year-on-year.

Meanwhile, the company posted 131.6 million yuan in revenue, down 28% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 71.6%.