Tong Hsing Electronic Industries, Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023
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Tong Hsing Electronic Industries, Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 2,876.59 million compared to TWD 3,618.42 million a year ago. Revenue was TWD 2,843.76 million compared to TWD 3,605.57 million a year ago. Net income was TWD 12.32 million compared to TWD 998.14 million a year ago. Basic earnings per share from continuing operations was TWD 0.0615 compared to TWD 4.7778 a year ago. Diluted earnings per share from continuing operations was TWD 0.0615 compared to TWD 4.7521 a year ago.
For the six months, sales was TWD 5,794.74 million compared to TWD 7,107.32 million a year ago. Revenue was TWD 5,744.21 million compared to TWD 7,071.15 million a year ago. Net income was TWD 384.42 million compared to TWD 1,905.98 million a year ago. Basic earnings per share from continuing operations was TWD 1.8385 compared to TWD 9.1197 a year ago. Diluted earnings per share from continuing operations was TWD 1.8308 compared to TWD 9.0513 a year ago.
Tong Hsing Electronic Industries Ltd is a Taiwan-based company principally engaged in the research, development, manufacture and sales of ceramic circuit boards and image products. The Company's main products include power amplifier modules, ceramic heat sink substrates, hybrid integrated circuits, wafer reorganization, wafer testing, micro display modules, and others. High-frequency wireless communication modules are mainly used in mobile phones, wireless local area networks. The hybrid body circuit mainly uses ceramic circuit boards for the product assembly process, which is divided into thick film and thin film technologies. The ceramic circuit boards are mainly used in aviation, automotive, and medical fields. The imaging products are mainly used in digital cameras, digital cameras, mobile phones and tablet computers. The Company distributes its products to the Americas, Europe and other markets.
TONG HSING ELECTRONIC INDUSTRIES, LTD. 
