SHANGHAI, Oct. 12, 2012 /PRNewswire/ -- China Precision Steel, Inc. (NASDAQ: CPSL) ("China Precision Steel" or the "Company"), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Tuesday, October 16, 2012 to discuss the fourth quarter and year end fiscal 2012 results. Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be leading the call. To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-419-5570, international callers should dial 617-896-9871; conference passcode is 143 530 34. If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, October 16, 2012 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 75451753. International callers should dial 617-801-6888 and enter the same passcode. This conference call will be broadcast live over the Internet and may be accessed by clicking on http://www.chinaprecisionsteelinc.com. Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link. About China Precision Steel, Inc. China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com. Elite IR Leslie J. Richardson, Partner+852-3183 0283 Leslie.email@example.com SOURCE China Precision Steel Inc.
China Precision Steel CPSL exploded to a one-year high of $3.75 on Thursday on higher-than-average volume. The stock had amassed a volume of more than 1.5 million as of 2:40 p.m., more than 100 times its average of 14,925. The company made no announcements this week but reported its second-quarter results in mid-February. China Precision Steel reported revenue of $11.9 million, gross loss of $5.1 million, net loss of $13 million, fully diluted loss per share of $3.34 and international sales of $0.2 million, which accounted for 2% of total sales.
RealMoney.com contributor David Sterman says China is still the number one global play right now - so this week we delve into what the government is doing to ensure future growth. From an interview with China Precision Steel CFO Leada Li where we get the scoop on how the Chinese government's recent stimulus package will affect the company, to retail picks and the right way to get in on Baidu - we give you all sorts of ways to play the Chinese market.