China Tungsten and Hightech Materials Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 23, 2020 at 04:09 am EDT
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China Tungsten and Hightech Materials Co.,Ltd announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 4,113.471 million compared to CNY 4,046.449 million a year ago. Operating income was CNY 179.922 million compared to CNY 135.904 million a year ago. Net income was CNY 102.816 million compared to CNY 73.655 million a year ago. Basic earnings per share from continuing operations was CNY 0.117 compared to CNY 0.0837 a year ago.
China Tungsten and Hightech Materials Co Ltd is a China-based company mainly engaged in the production and sales of cemented carbide and tungsten products. The Company is mainly engaged in the research, development, production, sale and trading of cemented carbide and non-ferrous metals such as tungsten, molybdenum, tantalum, niobium and their deep processing products and equipment. The Company's products are mainly used in automobile manufacturing, aerospace, rail transportation, shipbuilding, marine engineering equipment, military industry, mining, tunneling, mechanical mold processing, integrated circuits, steel metallurgy, semiconductors and other manufacturing and processing fields. The Company mainly conducts its businesses in domestic and overseas markets.
CHINA TUNGSTEN AND HIGHTECH MATERIALS CO.,LTD 
