Chian Hsing Forging Industrial Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 08, 2020 at 04:34 pm EST
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Chian Hsing Forging Industrial Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 602.116 million compared to TWD 754.352 million a year ago. Operating income was TWD 88.459 million compared to TWD 85.908 million a year ago. Net income was TWD 75.846 million compared to TWD 61.254 million a year ago. Basic earnings per share was TWD 0.99 compared to TWD 0.8 a year ago. For the nine months, sales was TWD 1,592.764 million compared to TWD 2,152.676 million a year ago. Operating income was TWD 196.551 million compared to TWD 247.736 million a year ago. Net income was TWD 149.294 million compared to TWD 175.015 million a year ago. Basic earnings per share was TWD 1.95 compared to TWD 2.29 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. 
