Changzhou Tiansheng New Materials Co.,Ltd. Posted 187.7 Million Yuan Net Loss in 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 187.7 million yuan in 2022, widening 14.2% year-on-year.

Meanwhile, the company posted 584.7 million yuan in revenue, down 23.2% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 80.2%.