Chongyi Zhangyuan Tungsten Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 05:07 am
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Chongyi Zhangyuan Tungsten Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 1,827.799 million compared to CNY 1,869.256 million a year ago. Operating loss was CNY 292.739 million compared to operating Income of CNY 76.597 million a year ago. Net loss was CNY 288.420 million compared to net income of CNY 46.282 million a year ago. Basic loss per share from continuing operations was CNY 0.31 compared to basic earnings 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.