Chongyi Zhangyuan Tungsten Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 03:59 am EDT
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Chongyi Zhangyuan Tungsten Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 575.834 million compared to CNY 347.393 million a year ago. Operating income was CNY 6.500 million compared to operating loss of CNY 49.180 million a year ago. Net income was CNY 6.725 million compared to net loss of CNY 48.892 million a year ago. Basic earnings per share from continuing operations was CNY 0.0073 compared to basic loss per share from continuing operations of CNY 0.05 a year ago.
CHONGYI ZHANGYUAN TUNGSTEN CO., LTD. is a China-based company, principally engaged in the mining, smelting and deep processing of non-ferrous metals. The Company's main products include ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder and tungsten carbide, among others. It owns right of exploring and mining mines, as well as tungsten smelting and deep processing factories. The Company distributes its products in domestic and overseas markets.