China Tungsten and Hightech Materials Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 05:17 am EDT
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China Tungsten and Hightech Materials Co.,Ltd announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 5,914.834 million compared to CNY 6,058.838 million a year ago. Operating income was CNY 209.631 million compared to CNY 230.579 million a year ago. Net income was CNY 108.503 million compared to CNY 107.732 million a year ago. Basic earnings per share from continuing operations was CNY 0.1233 compared to CNY 0.1224 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.