Tian Zheng International Precision Machinery Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 03:22 pm EDT
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Tian Zheng International Precision Machinery Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 161.732 million compared to TWD 67.231 million a year ago. Operating income was TWD 28.403 million compared to TWD 1.146 million a year ago. Net income was TWD 19.836 million compared to net loss of TWD 2.925 million a year ago. Basic earnings per share was TWD 0.6 compared to basic loss per share of TWD 0.09 a year ago. Diluted earnings per share was TWD 0.59 compared to diluted loss per share of TWD 0.09 a year ago. For the half year, sales was TWD 254.171 million compared to TWD 225.572 million a year ago. Operating income was TWD 37.226 million compared to TWD 34.572 million a year ago. Net income was TWD 22.636 million compared to TWD 33.171 million a year ago. Basic earnings per share was TWD 0.68 compared to TWD 1 a year ago. Diluted earnings per share was TWD 0.68 compared to TWD 0.99 a year ago.
TIAN ZHENG INTERNATIONAL PRECISION MACHINERY CO., LTD. is engaged in the design, manufacture and sale of automated mechanical engineering and consumer optoelectronic products. Automation Equipment business is involved in the passive component machine related business, such as the design, processing and combined manufacture of resistance test packaging machines, capacitance test packaging machines, inductance test packaging machines, inductance layer pressure testing machines and other automated mechanical machines. The business is also involved in other models of machine-related business, such as the development, design, processing and combined manufacture of the light-emitting diode (LED) sorting machines, drilling machines, tape machines, winding machines, drawing machines and other kinds of automation equipment. Components/Other business is involved in the design, manufacture and sale of automation equipment components.
TIAN ZHENG INTERNATIONAL PRECISION MACHINERY CO., LTD. 
