Shin Zu Shing Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 08:30 am IST
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Shin Zu Shing Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 2,851.67 million compared to TWD 3,355.36 million a year ago. Net income was TWD 300.48 million compared to TWD 747.43 million a year ago. Basic earnings per share from continuing operations was TWD 1.6 compared to TWD 3.91 a year ago. Diluted earnings per share from continuing operations was TWD 1.6 compared to TWD 3.89 a year ago.
For the nine months, sales was TWD 7,075.49 million compared to TWD 9,365.49 million a year ago. Net income was TWD 623.45 million compared to TWD 1,498.33 million a year ago. Basic earnings per share from continuing operations was TWD 3.32 compared to TWD 7.8 a year ago. Diluted earnings per share from continuing operations was TWD 3.3 compared to TWD 7.73 a year ago.
Shin Zu Shing Co., LTD. is a Taiwan-based company principally engaged in the research, development, design, manufacture and sales of hubs. The Company's main products include precision metal stampings, precision spring products, metal injection molding (MIM) products and others. The Company's products are mainly used in notebook computers, liquid crystal displays, mobile phones, as well as computers, communications and consumer electronics (3C) products. The Company distributes its products to the Asia Pacific market.