Chongyi Zhangyuan Tungsten Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 08:42 am
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Chongyi Zhangyuan Tungsten Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 872.9 million compared to CNY 575.83 million a year ago. Revenue was CNY 872.9 million compared to CNY 575.83 million a year ago. Net income was CNY 65.7 million compared to CNY 6.73 million a year ago. Basic earnings per share from continuing operations was CNY 0.0711 compared to CNY 0.0073 a year ago. Diluted earnings per share from continuing operations was CNY 0.0711 compared to CNY 0.0073 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.