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Last $0.01 USD
Change Today 0.00 / 0.00%
Volume 0.0
CDNN On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 05/11/15 All times are local (Market data is delayed by at least 15 minutes).

china industrial steel inc (CDNN) Snapshot

Open
$0.01
Previous Close
$0.01
Day High
$0.01
Day Low
$0.01
52 Week High
05/28/14 - $0.14
52 Week Low
12/31/14 - $0.01
Market Cap
883.4K
Average Volume 10 Days
533.0
EPS TTM
--
Shares Outstanding
73.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA INDUSTRIAL STEEL INC (CDNN)

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china industrial steel inc (CDNN) Details

China Industrial Steel Inc., through its subsidiaries, produces and sells of steel plates, bars/wires, and billets. The company offers long products, such as pipes, tubes, wires, and rods; flat products, including hot-rolled steel or cold-rolled steel strips; and reinforcing steel products. It is also involved in reselling byproducts of its production process comprising offcuts of steel plates and steel drops; and oxygen gas and others. The company’s products are used in construction, equipment manufacturing, and infrastructure projects. It sells its products through distributors and traders in the People’s Republic of China. China Industrial Steel Inc. was founded in 2007 and is based in New York, New York.

china industrial steel inc (CDNN) Top Compensated Officers

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china industrial steel inc (CDNN) Key Developments

China Industrial Steel Files Form 15

China Industrial Steel Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock, par value $0.0001 per share under the Securities Exchange Act of 1934, as amended.

China Industrial Steel, Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Revenue Results for the Nine Months Ended September 30, 2013

China Industrial Steel Inc. reported consolidated unaudited earnings results for the third quarter and revenue results for the nine months ended September 30, 2013. For the quarter, the company reported total revenues of $188,594,415 against $169,550,216 a year ago. Net income was $2,763,622, as compared to a loss of $3,748,289 for the same period in 2012. Earnings per share were $0.04, versus a loss of $0.05 for the third quarter 2012. The increase in net income in the three months ended September 30, 2013 was mainly due to the increases in the sales quantity and unit sales price of steel plate and a decrease in unit cost. For the nine months, the company reported total revenues of $557,684,546 against 492,151,233 a year ago.

China Industrial Steel, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

China Industrial Steel Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, total revenues increased 24% to $180.7 million from $145.6 million last year. Income from operations was $2.7 million against $3.5 million last year. Income from operation before income tax was $1.5 million against $2.2 million last year. Net income decreased 42%, to $1.1 million or $0.01 per basic and diluted share as compared to $1.8 million or $0.03 per basic and diluted share for the prior year. The increase in revenue was reflects the increase in the sale of steel wires which resulted from the company's new 600,000 ton steel wire production line which commenced production in January 2013. The decline in net income was primarily the result of an unparalleled decrease in unit selling price of steel products (15%) and unit purchase price of raw material (14%). For the six months, total revenues were $369.1 million against $322.6 million last year. Income from operations was $6.3 million against $11.0 million last year. Income from operation before income tax was $3.6 million against $7.9 million last year. Net income was $2.4 million or $0.03 per basic and diluted share as compared to $6.6 million or $0.09 per basic and diluted share for the prior year.

 

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