Shinih Enterprise Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022
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Shinih Enterprise Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was TWD 713.72 million compared to TWD 706.95 million a year ago. Net income was TWD 56.57 million compared to TWD 41.85 million a year ago. Basic earnings per share from continuing operations was TWD 0.54 compared to TWD 0.38 a year ago. Diluted earnings per share from continuing operations was TWD 0.53 compared to TWD 0.38 a year ago. Basic earnings per share was TWD 0.54 compared to TWD 0.38 a year ago. Diluted earnings per share was TWD 1 compared to TWD 0.38 a year ago.
SHINIH ENTERPRISE CO., LTD. is a Taiwan-based company principally engaged in the production and sales of non-woven fabrics. The Companyâs principal products include resin cotton, vertical fiber, pinprick cotton, water-mangle fabric, multifunctional thermal insulation material and spinning viscosity and melt spraying products. The Company is also engaged in the production and sales of beddings under its own brands and authorized brands, as well as the trading of interior decorative materials of vehicles, filter and fire prevention materials. The Company mainly operates through four business segments: the Mainland China segment, the United States of America (the USA) segment, the Taiwan segment and the Southeast Asia segment.