Zeng Hsing Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 04:35 am EST
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Zeng Hsing Industrial Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 2,120.14 million compared to TWD 1,394.83 million a year ago. Net income was TWD 111.5 million compared to TWD 123.72 million a year ago. Basic earnings per share from continuing operations was TWD 1.68 compared to TWD 2.04 a year ago. Diluted earnings per share from continuing operations was TWD 1.68 compared to TWD 2.04 a year ago.
For the nine months, sales was TWD 5,682.6 million compared to TWD 5,306.49 million a year ago. Net income was TWD 215.5 million compared to TWD 486.88 million a year ago. Basic earnings per share from continuing operations was TWD 3.24 compared to TWD 8.04 a year ago. Diluted earnings per share from continuing operations was TWD 3.24 compared to TWD 8.02 a year ago.
ZENG HSING INDUSTRIAL CO., LTD. is a Taiwan-based company mainly engaged in the manufacture and distribution of sewing machines. The Company mainly operates through three business segments, including Taiwan segment, China segment and Vietnam segment. The Companyâs products include household sewing machines, household vacuum cleaners and relevant components, as well as water purifiers, among others. The Company also provides technical training services for domestic and overseas clients. The Company distributes its products within domestic market and to overseas markets.