Rechi Precision Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:32 am EDT
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Rechi Precision 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 4,510.74 million compared to TWD 5,482.23 million a year ago. Net income was TWD 262.57 million compared to TWD 271.11 million a year ago. Basic earnings per share from continuing operations was TWD 0.53 compared to TWD 0.54 a year ago. Diluted earnings per share from continuing operations was TWD 0.52 compared to TWD 0.54 a year ago.
For the six months, sales was TWD 8,393.27 million compared to TWD 11,054.14 million a year ago. Net income was TWD 370.35 million compared to TWD 413.83 million a year ago. Basic earnings per share from continuing operations was TWD 0.74 compared to TWD 0.83 a year ago. Diluted earnings per share from continuing operations was TWD 0.74 compared to TWD 0.82 a year ago.
RECHI PRECISION CO., LTD. is a Taiwan-based company principally engaged in the research and development, manufacture and distribution of compressors. The Companyâs primary products include rotary compressors and relevant pump sets, direct current variable-frequency controllers, motors and hot water equipment for commercial and residential purposes. The Companyâs products are mainly used in the manufacture of air conditioners, water heaters, dehumidifiers and cloth dryers, among others. The Company mainly operates through three business segments: compressors business segment, motors business segment and pumps business segment. The Company mainly distributes its products in domestic market and overseas markets, including the Mainland China, Thailand, Poland and others.
RECHI PRECISION CO., LTD. 
