ZhongWu GaoXin Materials Company Limited Provides Earnings Guidance for the Third Quarter and Nine Months Ended September 30, 2013
October 10, 2013 at 12:05 pm EDT
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ZhongWu GaoXin Materials Company Limited provided earnings guidance for the third quarter and nine months ended September 30, 2013. For the nine months, the company expects to report net loss of RMB 4,090,000 or RMB 0.018 per share.
For the quarter, the company expects to report net loss of RMB 7,210,000 or RMB 0.032 per share.
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 main products include cutting tools and tools such as integral tools, computer numerical control (CNC) tools, and cutting blades; other cemented carbides such as bars, mining alloys, rolls, special shapes, precision parts, traditional alloys, drilling tools, and finished tools; refractory metals such as tungsten-molybdenum products, tungsten-niobium products, hard facing materials, tungsten wires, as well as tungsten compounds such as tungsten carbide powder, blue tungsten, and yellow tungsten, mixtures, cobalt powder and other powder products.