Chongyi Zhangyuan Tungsten Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 05:10 am
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Chongyi Zhangyuan Tungsten Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 347.393 million compared to CNY 451.976 million a year ago. Operating loss was CNY 49.180 million compared to operating Income of CNY 8.866 million a year ago. Net loss was CNY 48.892 million compared to net income of CNY 7.140 million a year ago. Basic loss per share from continuing operations was CNY 0.05 compared to basic earnings per share from continuing operations of CNY 0.0077 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.
CHONGYI ZHANGYUAN TUNGSTEN CO., LTD. 
