Shinih Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022
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Shinih Enterprise Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 748.33 million compared to TWD 768.83 million a year ago. Net income was TWD 21.77 million compared to TWD 26.03 million a year ago. Basic earnings per share from continuing operations was TWD 0.21 compared to TWD 0.24 a year ago. Diluted earnings per share from continuing operations was TWD 0.21 compared to TWD 0.24 a year ago. Basic earnings per share was TWD 0.21 compared to TWD 0.24 a year ago. Diluted earnings per share was TWD 0.21 compared to TWD 0.24 a year ago.
For the six months, sales was TWD 1,462.05 million compared to TWD 1,475.78 million a year ago. Net income was TWD 78.34 million compared to TWD 67.88 million a year ago. Basic earnings per share from continuing operations was TWD 0.74 compared to TWD 0.62 a year ago. Diluted earnings per share from continuing operations was TWD 0.74 compared to TWD 0.62 a year ago. Basic earnings per share was TWD 0.74 compared to TWD 0.62 a year ago. Diluted earnings per share was TWD 0.74 compared to TWD 0.62 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.