Tong Hsing Electronic Industries, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 06:34 pm EST
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Tong Hsing Electronic Industries, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,739.59 million compared to TWD 3,802.98 million a year ago. Revenue was TWD 3,710.89 million compared to TWD 3,776.58 million a year ago. Net income was TWD 771.9 million compared to TWD 924.77 million a year ago. Basic earnings per share from continuing operations was TWD 3.6923 compared to TWD 4.4274 a year ago. Diluted earnings per share from continuing operations was TWD 3.6667 compared to TWD 4.4103 a year ago.
For the nine months, sales was TWD 10,846.92 million compared to TWD 10,418.02 million a year ago. Revenue was TWD 10,782.04 million compared to TWD 10,352.43 million a year ago. Net income was TWD 2,677.89 million compared to TWD 2,032.22 million a year ago. Basic earnings per share from continuing operations was TWD 12.8205 compared to TWD 9.735 a year ago. Diluted earnings per share from continuing operations was TWD 12.7094 compared to TWD 9.6838 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. 
