Shinih Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:01 pm EST
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Shinih Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 591.410 million compared to TWD 628.996 million a year ago. Operating income was TWD 20.596 million compared to operating loss of TWD 2.021 million a year ago. Net income was TWD 43.950 million compared to net loss of TWD 32.373 million a year ago. Basic earnings per share was TWD 0.4 compared to basic loss per share of TWD 0.3 a year ago. For the nine months, sales was TWD 1,782.080 million compared to TWD 2,237.095 million a year ago. Operating income was TWD 111.666 million compared to TWD 71.043 million a year ago. Net income was TWD 88.147 million compared to TWD 1.849 million a year ago. Basic earnings per share was TWD 0.81 compared to TWD 0.02 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. 