China Carbon Graphite Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 23, 2021 at 01:18 pm EDT
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China Carbon Graphite Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 63,214 compared to USD 75,634 a year ago. Net loss was USD 110,282 compared to USD 77,290 a year ago. For the half year, sales was USD 69,419 compared to USD 261,415 a year ago. Net loss was USD 296,457 compared to USD 116,105 a year ago. Basic loss per share from continuing operations was USD 0.01.
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. 
