China Gengsheng Minerals, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2012. For the first quarter, sales revenue was approximately $13.7 million, a decrease of 15.3%, compared with approximately $16.2 million in the first quarter of 2011. The decrease was mainly attributable to the decreased sales from the fracture proppant segments. Net loss attributable to company's common stockholders was approximately $2.9 million, or $0.11 per share, compared with approximately $80,000, or $0.003 per share in the same period in 2011. Loss from operations was $1.7 million against net income from operations of $0.7 million for the same period a year ago. Loss before income taxes and non controlling interest was $2.9 million against income before income taxes and non controlling interest of $0.05 million for the same period a year ago. Net cash flows used in operating activities was $14.7 million against $0.5 million for the same period a year ago. Payments for acquisition of property, plant and equipment was $1.2 million against $3.4 million for the same period a year ago.