Hsinjing Holding Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021
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Hsinjing Holding Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was TWD 75.95 million compared to TWD 32.75 million a year ago. Net loss was TWD 2.65 million compared to net income of TWD 1.77 million a year ago. Basic loss per share from continuing operations was TWD 0.03 compared to basic earnings per share from continuing operations of TWD 0.02 a year ago. Diluted loss per share from continuing operations was TWD 0.03 compared to diluted earnings per share from continuing operations of TWD 0.02 a year ago.
For the nine months, sales was TWD 463.06 million compared to TWD 89.49 million a year ago. Net income was TWD 38.35 million compared to net loss of TWD 1.05 million a year ago. Basic earnings per share from continuing operations was TWD 0.49 compared to basic loss per share from continuing operations of TWD 0.01 a year ago. Diluted earnings per share from continuing operations was TWD 0.49 compared to diluted loss per share from continuing operations of TWD 0.01 a year ago.
Hsinjing Holding Co., Ltd. is a Taiwan-based company mainly engaged in general investment business. The main business is carried out by subsidiaries. The Company is engaged in the manufacture and sale of solar cell modules. The Company's products include monocrystalline solar cell modules and other customized modules. The products are mainly used for general livelihood electricity, street lights, traffic signs, building exterior walls or roofs, disaster relief equipment and power generation devices. The Company is also engaged in the foundry business. Products are mainly sold to Asia, America and Europe.