Tong Hsing Electronic Industries, Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020
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Tong Hsing Electronic Industries, Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2,894.751 million compared to TWD 1,952.390 million a year ago. Net income was TWD 390.044 million compared to TWD 187.847 million a year ago. Basic earnings per share was TWD 1.8 compared to TWD 1.14 a year ago. Diluted earnings per share was TWD 1.79 compared to TWD 1.13 a year ago. For the nine months, sales was TWD 6,929.538 million compared to TWD 5,447.242 million a year ago. Net income was TWD 960.195 million compared to TWD 495.316 million a year ago. Basic earnings per share was TWD 5.17 compared to TWD 3 a year ago. Diluted earnings per share was TWD 5.14 compared to TWD 2.98 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. 
