China Gerui Advanced Materials Group Ltd. announced preliminary financial results for the year ended December 31, 2012. Based on the company's current expectations for the full year 2012 revenue is anticipated to be $265.5 million with earnings per diluted share of $0.45. China Gerui's full year 2012 revenues are in-line with the company's previously announced guidance range while full year earnings fell below its expectations.

The company achieved another profitable year of operation while the entire steel industry in China incurred heavy losses. However, profitability in the fourth quarter was lower than anticipated, as it was largely impacted by higher raw material prices which could not entirely pass on due to pricing pressures, further augmented by year-end and one-time adjustments that will be detailed in the year-end financials.