Well Shin Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 05:50 am EDT
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Well Shin Technology Co., 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 1,371.07 million compared to TWD 1,553.13 million a year ago. Net income was TWD 143.69 million compared to TWD 182.56 million a year ago. Basic earnings per share from continuing operations was TWD 1.22 compared to TWD 1.54 a year ago. Diluted earnings per share from continuing operations was TWD 1.21 compared to TWD 1.54 a year ago.
For the six months, sales was TWD 2,668.19 million compared to TWD 2,988.04 million a year ago. Net income was TWD 237.34 million compared to TWD 296.79 million a year ago. Basic earnings per share from continuing operations was TWD 2.01 compared to TWD 2.51 a year ago. Diluted earnings per share from continuing operations was TWD 2 compared to TWD 2.5 a year ago.
Well Shin Technology Co., Ltd. is a Taiwan-based company principally engaged in the manufacture and sales of power cord sets for electronics, information, motors and appliances. The Companyâs main products include power cord sets for consumer products and electrical appliances, plastic injection parts, sockets, conversion plugs and power supplies. The Company is also involved in the electronics assembly and foundry business. The Company's products are mainly used in computers, home appliances, large servers and electronic and electrical equipment. The Company distributes its products in domestic market and to overseas markets, such as the Americas, the rest of Asia and Europe.