Changzhou Tiansheng New Materials Co.,Ltd. Posted 19.6 Million Yuan Net Loss in First Half 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 19.6 million yuan in the first half of 2022, reversing a net profit of 3 million yuan for the same period in the previous year.

Meanwhile, the company posted 289.5 million yuan in revenue, down 30.7% 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%.