China Metal Products Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022
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China Metal Products Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,482.91 million compared to TWD 5,578.37 million a year ago. Net income was TWD 195.21 million compared to TWD 300.48 million a year ago. Basic earnings per share from continuing operations was TWD 0.52 compared to TWD 0.8 a year ago. Diluted earnings per share from continuing operations was TWD 0.45 compared to TWD 0.8 a year ago.
For the nine months, sales was TWD 11,118.83 million compared to TWD 12,496.89 million a year ago. Net income was TWD 633.92 million compared to TWD 531.79 million a year ago. Basic earnings per share from continuing operations was TWD 1.69 compared to TWD 1.41 a year ago. Diluted earnings per share from continuing operations was TWD 1.46 compared to TWD 1.41 a year ago.
CHINA METAL PRODUCTS CO., LTD. is a Taiwan-based company principally engaged in the manufacturing and distribution of cast iron products. The Companyâs main products include reinforced steel bars, steel billets and iron castings, which are applied in the steel material processing and smelting, automobile spare parts, construction hardware components, mechanical and hand tool parts, as well as transmission system parts, among others. The Company also involves in the operation of department stores, hotels and amusement parks, as well as the construction, sale and leasing of real estate. The Company mainly distributes its metal products within domestic market and to overseas markets, including Mainland China, America, Japan, Europe and others.