Changzhou Tiansheng New Materials Co.,Ltd. Posted 14.2 Million Yuan Net Loss in First Quarter of 2023

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 14.2 million yuan in the first quarter of 2023, narrowing 12.2% year-on-year.

Meanwhile, the company posted 105.5 million yuan in revenue, down 19.8% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 80.6%.