Shinih Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 04:38 am EST
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Shinih Enterprise 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 445.26 million compared to TWD 599.98 million a year ago. Net loss was TWD 64.68 million compared to TWD 26.46 million a year ago. Basic loss per share from continuing operations was TWD 0.61 compared to TWD 0.25 a year ago. Diluted loss per share from continuing operations was TWD 0.61 compared to TWD 0.25 a year ago.
For the nine months, sales was TWD 1,642.57 million compared to TWD 2,062.02 million a year ago. Net income was TWD 181.07 million compared to TWD 51.88 million a year ago. Basic earnings per share from continuing operations was TWD 1.71 compared to TWD 0.49 a year ago. Diluted earnings per share from continuing operations was TWD 1.7 compared to TWD 0.49 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. 
