Changzhou Tiansheng New Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 23, 2020 at 08:26 am EDT
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Changzhou Tiansheng New Materials Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 893.508 million compared to CNY 904.549 million a year ago. Operating loss was CNY 272.668 million compared to operating Income of CNY 32.100 million a year ago. Net loss was CNY 288.775 million compared to net income of CNY 16.193 million a year ago. Basic loss per share from continuing operations was CNY 0.89 compared to basic earnings per share from continuing operations of CNY 0.05 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.
CHANGZHOU TIANSHENG NEW MATERIALS GROUP CO., LTD. 
