Shinih Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 04:59 pm EDT
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Shinih Enterprise Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 580.143 million compared to TWD 805.819 million a year ago. Operating income was TWD 48.927 million compared to TWD 34.376 million a year ago. Net income was TWD 7.229 million compared to TWD 10.929 million a year ago. Basic earnings per share was TWD 0.07 compared to TWD 0.1 a year ago. For the half year, sales was TWD 1,190.670 million compared to TWD 1,608.099 million a year ago. Operating income was TWD 91.070 million compared to TWD 73.064 million a year ago. Net income was TWD 44.197 million compared to TWD 34.222 million a year ago. Basic earnings per share was TWD 0.41 compared to TWD 0.31 a year ago. Diluted earnings per share was TWD 0.4 compared to TWD 0.31 a year ago.
SHINIH ENTERPRISE CO., LTD. is a Taiwan-based company principally engaged in the production and sales of non-woven fabrics. The Companyâs principal products include resin cotton, vertical fiber, pinprick cotton, water-mangle fabric, multifunctional thermal insulation material and spinning viscosity and melt spraying products. The Company is also engaged in the production and sales of beddings under its own brands and authorized brands, as well as the trading of interior decorative materials of vehicles, filter and fire prevention materials. The Company mainly operates through four business segments: the Mainland China segment, the United States of America (the USA) segment, the Taiwan segment and the Southeast Asia segment.
SHINIH ENTERPRISE CO., LTD. 