Hsin Yung Chien Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023
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Hsin Yung Chien 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 399.13 million compared to TWD 465.36 million a year ago. Net income was TWD 123.57 million compared to TWD 110.47 million a year ago. Basic earnings per share from continuing operations was TWD 1.58 compared to TWD 1.42 a year ago. Diluted earnings per share from continuing operations was TWD 1.58 compared to TWD 1.42 a year ago.
For the nine months, sales was TWD 1,146.1 million compared to TWD 1,425.15 million a year ago. Net income was TWD 340.92 million compared to TWD 273.07 million a year ago. Basic earnings per share from continuing operations was TWD 4.37 compared to TWD 3.5 a year ago. Diluted earnings per share from continuing operations was TWD 4.35 compared to TWD 3.48 a year ago.
HSIN YUNG CHIEN CO.,LTD. is a Taiwan-based company principally engaged in the manufacture and sales of rubber conveyor belts and other rubber products. The Company's main products include rubber conveyor belts; rubber sheets; oil-, acid- and heat-resisting packing; other packing; rubber fenders; special canvases; chemical fiber cloths for conveyor belts and conveyor parts. The Company distributes its products in domestic market and to overseas markets.