Chung-Hsin Electric and Machinery Manufacturing Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 4,929.89 million compared to TWD 4,373.89 million a year ago. Net loss was TWD 685.66 million compared to net income of TWD 573.63 million a year ago. Basic loss per share from continuing operations was TWD 1.42 compared to basic earnings per share from continuing operations of TWD 1.23 a year ago. Diluted loss per share from continuing operations was TWD 1.42 compared to diluted earnings per share from continuing operations of TWD 1.17 a year ago.
For the six months, sales was TWD 10,771.17 million compared to TWD 9,114.11 million a year ago. Net income was TWD 58.84 million compared to TWD 1,134.65 million a year ago. Basic earnings per share from continuing operations was TWD 0.12 compared to TWD 2.43 a year ago. Diluted earnings per share from continuing operations was TWD 0.12 compared to TWD 2.32 a year ago.
CHUNG-HSIN ELECTRIC & MACHINERY MFG. CORP. is a Taiwan-based company principally engaged in the manufacture and distribution of electric power equipment, as well as project engineering business. The Company provides chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers, parking facilities and others. Its engineering businesses include the electric power, wind power, hydropower generation, air conditioning, electric generator, environment protection and other projects. The Company is also engaged in the operation and management of parking lots. The Company distributes its products mainly within Taiwan.
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