Chian Hsing Forging Industrial Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 08, 2018 at 08:40 am
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Chian Hsing Forging Industrial Co., Ltd. announced earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company announced sales was TWD 725.705 million compared to TWD 747.789 million a year ago. Operating income was TWD 115.284 million compared to TWD 128.329 million a year ago. Net income was TWD 79.357 million compared to TWD 104.037 million a year ago. Basic earnings per share was TWD 1.04 compared to TWD 1.36 a year ago.
For the nine months, sales was TWD 2,128.724 million compared to TWD 1,966.861 million a year ago. Operating income was TWD 316.228 million compared to TWD 343.151 million a year ago. Net income was TWD 220.576 million compared to TWD 282.131 million a year ago. Basic earnings per share was TWD 2.88 compared to TWD 3.69 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. 
