Shinih Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 11:52 am EST
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Shinih Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 628.996 million compared to TWD 782.591 million a year ago. Operating loss was TWD 2.021 million compared to TWD 21.623 million a year ago. Net loss was TWD 32.373 million compared to TWD 33.146 million a year ago. Basic loss per share was TWD 0.3 compared to TWD 0.3 a year ago. For the nine months, sales was TWD 2,237.095 million compared to TWD 2,519.101 million a year ago. Operating income was TWD 71.043 million compared to TWD 30.638 million a year ago. Net income was TWD 1.849 million compared to TWD 17.922 million a year ago. Basic earnings per share was TWD 0.02 compared to TWD 0.16 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. 
