Tibet Gaozheng Explosive Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 06:32 am
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Tibet GaoZheng Explosive Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 63.218 million compared to CNY 46.304 million a year ago. Operating loss was CNY 16.057 million compared to CNY 7.919 million a year ago. Net loss was CNY 15.667 million compared to CNY 7.948 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to CNY 0.03 a year ago.
Tibet GaoZheng Explosive Co., Ltd. is a China-based company principally engaged in the manufacture and distribution of civil explosive materials and industrial explosives, as well as the provision of blasting services. Its products mainly include powdery emulsion explosives, gelatinous emulsion explosives, blasting caps, as well as industrial electric detonators and industrial cables, among others. Its products are mainly applied in infrastructure construction and national defense construction such as coal, metal, non-metallic mineral resources mining, hydropower and water conservancy. The Company mainly operates its business mainly in domestic market, with Tibet Autonomous Region as its main market.
TIBET GAOZHENG EXPLOSIVE CO., LTD. 
