Zig Sheng Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 22, 2023 at 12:38 pm IST
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Zig Sheng Industrial 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 1,925.06 million compared to TWD 2,149.67 million a year ago. Net loss was TWD 86.15 million compared to TWD 224.47 million a year ago. Basic loss per share from continuing operations was TWD 0.16 compared to TWD 0.42 a year ago.
For the nine months, sales was TWD 5,463.35 million compared to TWD 7,525.08 million a year ago. Net loss was TWD 275.45 million compared to TWD 177.79 million a year ago. Basic loss per share from continuing operations was TWD 0.52 compared to TWD 0.33 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.