Zig Sheng Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021
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Zig Sheng Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 2,743.880 million compared to TWD 1,284.033 million a year ago. Operating income was TWD 263.381 million compared to operating loss of TWD 317.419 million a year ago. Net income was TWD 542.419 million compared to net loss of TWD 165.894 million a year ago. Basic earnings per share from continuing operations was TWD 1.02 compared to basic loss per share from continuing operations of TWD 0.28 a year ago. For the half year, total revenue was TWD 5,107.158 million compared to TWD 3,428.368 million a year ago. Operating income was TWD 458.286 million compared to operating loss of TWD 399.070 million a year ago. Net income was TWD 924.368 million compared to net loss of TWD 367.674 million a year ago. Basic earnings per share from continuing operations was TWD 1.74 compared to basic loss per share from continuing operations of TWD 0.61 a year ago.
Zig Sheng Industrial Co Ltd is a Taiwan-based company mainly engaged in the production and sale of nylon chips, nylon filaments, polyester processed yarn, polyester air-twisted processed yarn, nylon processed yarn, nylon air-twisted processed yarn, and composite materials. Polyester and nylon processed yarn products include shaped processed yarn, stretch polyester processed yarn, two-color or three-color polyester imitation wool yarn, high stretch polyester processed yarn, high elastic stretch yarn, and basic processed yarn. Nylon yarn and nylon chips for spinning are used for clothing (cloth) and industrial (cloth). Engineering plastic nylon chips are used for automotive parts, industrial parts, electronic appliances, and packaging materials. The products are mainly sold domestically and exported to Europe, America, Africa, Oceania, Southeast Asia, Northeast Asia, and other Asian regions.