China Carbon Graphite Group Inc (PK:CHGI)
Business Focus: Electrical Components & Equipment
| Sector: Industrials | Industry: Electrical Components & Equipment |
| Company Contact | |
| Address: | C/O Xinghe Xingyong Carbon Co. Ltd., 787 Xicheng Wai, Chengguantown WULANCHABU INM 00000 |
| Tel: | 1-917-6090333 |
| Website: | https://chinacarboninc.com |
| IR: | See website |
| Key People | ||
| Donghai Yu President, Chief Executive Officer, Director | Zhenfang Yang Interim Chief Financial Officer | Grace King Senior Vice President of Finance |
| Business Overview |
| 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. |
| Financial Overview |
| For the nine months ended 30 September 2021, China Carbon Graphite Group Inc revenues decreased 45% to $192K. Net loss increased from $173K to $380K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects General and administrative increase of 27% to $322K (expense), Other income (expense), net decrease from $3K (income) to $0K. |
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