Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 01:47 pm IST
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Changzhou Tiansheng New Materials Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 182.812 million compared to CNY 138.908 million a year ago. Operating loss was CNY 6.721 million compared to CNY 22.055 million a year ago. Net loss was CNY 4.071 million compared to CNY 16.473 million a year ago. Basic loss per share from continuing operations was CNY 0.0125 compared to CNY 0.0505 a year ago.
Changzhou Tiansheng New Materials Group Co Ltd is a China-based company mainly engaged in the research, development, production and sales of polymer foam materials. The Company's main products include soft foam plastic products, soft foam rubber products and polyvinyl chloride (PVC) rigid foam products. The Company's products are mainly used in home appliances, communications, information technology (IT), automobiles and other fields. The Company's structural foam material Strucell series products are used in wind power generation, rail transit, motor home campgrounds, shipbuilding, energy-saving buildings and other fields. The Company mainly conducts its business in domestic and foreign markets.