Chian Hsing Forging Industrial Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 09, 2020 at 02:55 pm EDT
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Chian Hsing Forging Industrial Co., Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 502.864 million compared to TWD 725.429 million a year ago. Operating income was TWD 61.945 million compared to TWD 79.140 million a year ago. Net income was TWD 42.725 million compared to TWD 55.666 million a year ago. Basic earnings per share was TWD 0.56 compared to TWD 0.73 a year ago. For the half year, sales was TWD 990.648 million compared to TWD 1,398.324 million a year ago. Operating income was TWD 108.092 million compared to TWD 161.828 million a year ago. Net income was TWD 73.448 million compared to TWD 113.761 million a year ago. Basic earnings per share was TWD 0.96 compared to TWD 1.49 a year ago.
Chian Hsing Forging Industrial Co Ltd is a Taiwan-based company mainly engaged in the forging manufacture and processing of automobile parts, bicycle parts, motorcycle parts and mechanical hardware parts. The automobile parts include transmission parts, suspension forgings, chassis parts, gears, clutches and others. The bicycle parts include steering bearings, crank bearings, transmissions, pedals and others. The motorcycle parts include steering bearings, transmission rod bases, transmission main and counter shafts, gears, aluminum bottles and others. The mechanical hardware parts include sports equipment parts, crankshafts, high-pressure joints, screw caps, alloy bearing forgings, pipeline forgings and others. The Company is also engaged in the provision of rail car forgings. The Company operates within the domestic market and to overseas markets, including the Americas and mainland China.
CHIAN HSING FORGING INDUSTRIAL CO., LTD. 
