Tian Zheng International Precision Machinery Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 08, 2020 at 01:05 pm EST
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Tian Zheng International Precision Machinery Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 145.515 million compared to TWD 62.085 million a year ago. Operating income was TWD 20.981 million compared to operating loss of TWD 4.158 million a year ago. Net income was TWD 24.347 million compared to net loss of TWD 9.416 million a year ago. Basic earnings per share was TWD 0.7 compared to basic loss per share of TWD 0.28 a year ago. Diluted earnings per share was TWD 0.66 compared to diluted loss per share of TWD 0.28 a year ago. For the nine months, sales was TWD 399.686 million compared to TWD 287.657 million a year ago. Operating income was TWD 58.207 million compared to TWD 30.414 million a year ago. Net income was TWD 46.983 million compared to TWD 23.755 million a year ago. Basic earnings per share was TWD 1.38 compared to TWD 0.72 a year ago. Diluted earnings per share was TWD 1.27 compared to TWD 0.71 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. 
