Chain Chon Industrial Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Chain Chon Industrial 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 5,559.33 million compared to TWD 4,700.22 million a year ago. Revenue was TWD 5,559.33 million compared to TWD 4,700.22 million a year ago. Net income was TWD 65.74 million compared to TWD 134.51 million a year ago. Basic earnings per share from continuing operations was TWD 0.35 compared to TWD 0.81 a year ago. Diluted earnings per share from continuing operations was TWD 0.35 compared to TWD 0.81 a year ago.
For the six months, sales was TWD 9,875.25 million compared to TWD 8,259.23 million a year ago. Revenue was TWD 9,875.25 million compared to TWD 8,259.23 million a year ago. Net income was TWD 256.8 million compared to TWD 178.45 million a year ago. Basic earnings per share from continuing operations was TWD 1.4 compared to TWD 1.08 a year ago. Diluted earnings per share from continuing operations was TWD 1.39 compared to TWD 1.08 a year ago.
Chain Chon Industrial Co., Ltd. is principally engaged in the manufacture and distribution of stainless steel products. The Company mainly operates through three business segments. The Cutting Processing segment is mainly engaged in the cutting, processing and trading of stainless steel plates and stainless steel round bars. The Pipes Processing segment is mainly engaged in the manufacture and sales of stainless steel pipes. The Others segment is engaged in the sales of other stainless steel products, including angle irons and channel steels. The Company is also involved in the provision of other stainless steel processing services and surface processing services, including the polishing, shearing, roller bending services. The Company mainly operates its businesses in Taiwan, the rest of Asia and the Americas.