Chongyi Zhangyuan Tungsten Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 08, 2021 at 12:44 pm
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Chongyi Zhangyuan Tungsten Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,931.225 million compared to CNY 1,827.799 million a year ago. Operating income was CNY 43.793 million compared to operating loss of CNY 292.739 million a year ago. Net income was CNY 37.154 million compared to net loss of CNY 288.420 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to basic loss per share from continuing operations of CNY 0.31 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.