Changzhou Tiansheng New Materials Co.,Ltd. Posted 36.8 Million Yuan Net Loss in First Three Quarters 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 36.8 million yuan in the first three quarters of 2022, reversing a net profit of 3.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 437.2 million yuan in revenue, down 27.2% 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 72.2%.