Share this article Share this article SHANGHAI, March 17, 2021 /PRNewswire/ -- Ossen Innovation Co., Ltd. ("Ossen Innovation" or the "Company") (Nasdaq: OSN), a China-based manufacturer of an array of plain surface, rare earth and zinc coated pre-stressed steel materials, today announced that preliminary revenues and gross profit attributable to Ossen Innovation for the full year 2020 are expected to be $139.0 million and $23.9 million, compared to $138.9 million and $22.4 million for the same period of last year. The expected slight increase in revenue is primarily due to an increase in sales of zinc coated prestressed products, partially offset by a decrease in sales of rare earth coated prestressed products. Gross margins in 2020 are expected to show a 113-basis points improvement, primarily due to the improvement of the profitability of zinc coated prestressed products in 2020.