Chien Shing Stainless Steel Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023
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Chien Shing Stainless Steel 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 26.92 million compared to TWD 424.96 million a year ago. Net income was TWD 367.57 million compared to net loss of TWD 66.87 million a year ago. Basic earnings per share from continuing operations was TWD 1.31 compared to basic loss per share from continuing operations of TWD 0.24 a year ago.
For the six months, sales was TWD 166.86 million compared to TWD 958.45 million a year ago. Net income was TWD 352.13 million compared to TWD 298.54 million a year ago. Basic earnings per share from continuing operations was TWD 1.25 compared to TWD 1.06 a year ago.
Chien Shing Stainless Steel Co Ltd is a Taiwan-based company that is primarily engaged in the processing and distribution of cold-rolled stainless steel coils. The Company's products mainly include 304 series stainless steel coils. The Company's products are used in building exteriors, beer barrels, freezing pipes, acid production equipment, sprinklers, rain shields, liquid oxygen tanks and others. The Company distributes its products to domestic and foreign markets.