Chongyi Zhangyuan Tungsten Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 06:40 am
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Chongyi Zhangyuan Tungsten Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,351.532 million compared to CNY 1,382.971 million a year ago. Operating loss was CNY 3.295 million compared to CNY 110.082 million a year ago. Net loss was CNY 3.020 million compared to CNY 114.117 million a year ago. Basic loss per share from continuing operations was CNY 0.0033 compared to CNY 0.1235 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.