Tian Zheng International Precision Machinery Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 01:38 am EST
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Tian Zheng International Precision Machinery 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 111.9 million compared to TWD 133.39 million a year ago. Net loss was TWD 4.38 million compared to net income of TWD 10.81 million a year ago. Basic loss per share from continuing operations was TWD 0.13 compared to basic earnings per share from continuing operations of TWD 0.28 a year ago. Diluted loss per share from continuing operations was TWD 0.13 compared to diluted earnings per share from continuing operations of TWD 0.28 a year ago.
For the nine months, sales was TWD 320.53 million compared to TWD 445.93 million a year ago. Net loss was TWD 12.04 million compared to net income of TWD 46.41 million a year ago. Basic loss per share from continuing operations was TWD 0.36 compared to basic earnings per share from continuing operations of TWD 1.26 a year ago. Diluted loss per share from continuing operations was TWD 0.36 compared to diluted earnings per share from continuing operations of TWD 1.18 a year ago.
TIAN ZHENG INTERNATIONAL PRECISION MACHINERY CO., LTD. is engaged in the design, manufacture and sale of automated mechanical engineering and consumer optoelectronic products. Automation Equipment business is involved in the passive component machine related business, such as the design, processing and combined manufacture of resistance test packaging machines, capacitance test packaging machines, inductance test packaging machines, inductance layer pressure testing machines and other automated mechanical machines. The business is also involved in other models of machine-related business, such as the development, design, processing and combined manufacture of the light-emitting diode (LED) sorting machines, drilling machines, tape machines, winding machines, drawing machines and other kinds of automation equipment. Components/Other business is involved in the design, manufacture and sale of automation equipment components.
TIAN ZHENG INTERNATIONAL PRECISION MACHINERY CO., LTD. 
