China Carbon Graphite Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 04:12 pm EDT
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China Carbon Graphite Group, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 75,634 compared to USD 37,522 a year ago. Net loss was USD 77,290 compared to USD 96,324 a year ago. For the half year, sales was USD 261,415 compared to USD 58,838 a year ago. Net loss was USD 116,105 compared to USD 191,078 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of 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. 
