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China Gerui Advanced Materials Group's CEO Discusses Q2 2012 Results - Earnings Call Transcript

China Gerui Advanced Materials Group Limited (CHOP)

Q2 2012 Earnings Call

August 15, 2012 10:00 am ET

Executives

David Rudnick – CCG Investor Relations

Mingwang Lu – Chairman and Chief Executive Officer

Edward Meng – Chief Financial Officer

Analysts

Echo He – Maxim Group

Presentation

Operator

Good morning. My name is Melia, and I will be your conference operator for today. At this time I would like to welcome everyone to the China Gerui Materials Group Second Quarter 2012 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator instructions)

Thank you. David Rudnick, you may begin your conference.

David Rudnick

Thank you, Melia. Good morning, ladies and gentleman, and good evening to those of you joining from China. I'm David Rudnick from CCG Investor Relations. I would like to welcome all of you to the China Gerui Advanced Materials conference call to discuss second quarter 2012 results. With me today, I have China Gerui's Chairman and Chief Executive Officer, Mr. Mingwang Lu; and Chief Financial Officer, Mr. Edward Meng.

I'd like to remind our listeners in this call, management's prepared remarks contain forward-looking statements, which are subject to risks and uncertainties and management may make additional forward-looking statements in response to your questions. Therefore, the Company claims the protection of the safe harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995.

Actual results may differ from those discussed today due to various risks including, but not limited to, the availability of funds and working capital to finance its activities; the actions and initiatives of current and potential competitors; the Company's ability to win new customers, merchants and vendors for its products; the development of new steel products, marketing and promotional activities, pricing policies of suppliers and competitors, increased competition in the steel market; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

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