China Tungsten and Hightech Materials Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 25, 2021 at 12:59 pm
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China Tungsten and Hightech Materials Co.,Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 9,689.54 million compared to CNY 7,051.22 million a year ago. Revenue was CNY 9,689.54 million compared to CNY 7,051.22 million a year ago. Net income was CNY 397.63 million compared to CNY 155.37 million a year ago. Basic earnings per share from continuing operations was CNY 0.3748 compared to CNY 0.1656 a year ago. Diluted earnings per share from continuing operations was CNY 0.3748 compared to CNY 0.1656 a year ago.
China Tungsten and Hightech Materials Co Ltd is a China-based company mainly engaged in the production and sales of cemented carbide and tungsten products. The Company is mainly engaged in the research, development, production, sale and trading of cemented carbide and non-ferrous metals such as tungsten, molybdenum, tantalum, niobium and their deep processing products and equipment. The Company's main products include cutting tools and tools such as integral tools, computer numerical control (CNC) tools, and cutting blades; other cemented carbides such as bars, mining alloys, rolls, special shapes, precision parts, traditional alloys, drilling tools, and finished tools; refractory metals such as tungsten-molybdenum products, tungsten-niobium products, hard facing materials, tungsten wires, as well as tungsten compounds such as tungsten carbide powder, blue tungsten, and yellow tungsten, mixtures, cobalt powder and other powder products.