Chien Shing Stainless Steel Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 12, 2022 at 01:44 am IST
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Chien Shing Stainless Steel Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 68.55 million compared to TWD 865.05 million a year ago. Net income was TWD 375.88 million compared to TWD 130.95 million a year ago. Basic earnings per share from continuing operations was TWD 1.34 compared to TWD 0.47 a year ago.
For the nine months, sales was TWD 1,027 million compared to TWD 1,545.91 million a year ago. Net income was TWD 674.43 million compared to TWD 177.66 million a year ago. Basic earnings per share from continuing operations was TWD 2.4 compared to TWD 0.63 a year ago.
Chien Shing Stainless Steel Co Ltd is a Taiwan-based company that is primarily engaged in the processing and distribution of cold-rolled stainless steel coils. The Company's products mainly include 304 series stainless steel coils. The Company's products are used in building exteriors, beer barrels, freezing pipes, acid production equipment, sprinklers, rain shields, liquid oxygen tanks and others. The Company distributes its products to domestic and foreign markets.