San Neng Group Holdings Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020
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San Neng Group Holdings Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was TWD 511.929 million compared to TWD 477.822 million a year ago. Operating income was TWD 85.670 million compared to TWD 62.737 million a year ago. Net income was TWD 66.491 million compared to TWD 44.879 million a year ago. Basic earnings per share was TWD 1.09 compared to TWD 0.74 a year ago. For the nine months, total revenue was TWD 1,364.175 million compared to TWD 1,359.547 million a year ago. Operating income was TWD 195.046 million compared to TWD 141.547 million a year ago. Net income was TWD 153.442 million compared to TWD 118.160 million a year ago. Basic earnings per share was TWD 2.53 compared to TWD 1.95 a year ago. Diluted earnings per share was TWD 2.52 compared to TWD 1.94 a year ago.
San Neng Group Holdings Co., Ltd. is a Cayman Islands-based company, which is engaged in the manufacturing, processing, sales, trading and agency of baking utensils and related products. The company's products are divided into five categories including custom categories, baking molds, baking tools, household equipment and other category. Its customized products refer to products manufactured for customers according to their special needs, specified specifications and styles of baking equipment. Baking molds are mainly utensils that enters the baking equipment, including various types of baking trays, toast boxes, cake molds, pie plates, mousse rings and others. Its baking equipment comprises peripheral products used in baking in addition to molds, including egg whisks, mixing bowls, pastry tubes, pastry bags, revolving cake stands, knives, trolleys, material impressions, and price tag products. Household appliances are designed and developed for household users.