Shinih Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:52 pm IST
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Shinih Enterprise Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 586.63 million compared to TWD 748.33 million a year ago. Net loss was TWD 63.62 million compared to net income of TWD 21.77 million a year ago. Basic loss per share from continuing operations was TWD 0.6 compared to basic earnings per share from continuing operations of TWD 0.21 a year ago. Diluted loss per share from continuing operations was TWD 0.6 compared to diluted earnings per share from continuing operations of TWD 0.21 a year ago.
For the six months, sales was TWD 1,197.31 million compared to TWD 1,462.05 million a year ago. Net income was TWD 245.74 million compared to TWD 78.34 million a year ago. Basic earnings per share from continuing operations was TWD 2.32 compared to TWD 0.74 a year ago. Diluted earnings per share from continuing operations was TWD 2.31 compared to TWD 0.74 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.