China Carbon Graphite Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
May 14, 2020 at 05:11 pm EDT
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China Carbon Graphite Group, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 359,974 compared to USD 1.478 million a year ago. Net loss was USD 298,883 compared to USD 346,100 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
China Carbon Graphite Group, Inc., formerly Achievers Magazine Inc., is engaged in the manufacturing of graphene, graphene oxide and graphite bipolar plates products. The Company also operates a business-to-business and business-to-consumers Internet portal, www.roycarbon.com, for graphite related products. Vendors can sell raw materials, industrial commodities and consumer (household) commodities to both business and consumers through the Website by paying a fee for each transaction conducted through the Website. Its business scope includes manufacturing and selling primarily the graphite products. The Company's customers primarily include international customers, which generally purchase products pursuant to purchase orders. The Company does not enter into long-term contracts with its customers. Its subsidiaries include Talent International Investment Limited, XingheYongle Carbon Co., Ltd., Golden Ivy Limited and Royal Elite International Limited.
CHINA CARBON GRAPHITE GROUP, INC. 
