China Carbon Graphite Group, Inc. reported audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported sales of $9,526,709 against $31,482,852 a year ago. Operating loss before other expense was $58,540,568 against $500,732 a year ago.

Loss before income tax expense was $61,878,880 against $3,561,515 a year ago. Net loss was $61,878,880 against $3,561,515 a year ago. Net loss available to common shareholders was $61,887,079 against $3,580,232 a year ago.

Basic and diluted loss per share was $2.39 against $0.15 a year ago. Net cash used in operating activities was $2,740,948 against $4,934,906 a year ago. Acquisition of property, plant and equipment was $65,005 against $65,945 a year ago.