Chun Yuan Steel Industry Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 03:31 pm
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Chun Yuan Steel Industry Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 5,053.420 million compared to TWD 4,052.622 million a year ago. Operating income was TWD 142.945 million compared to TWD 26.151 million a year ago. Net income was TWD 116.901 million compared to TWD 55.975 million a year ago. Basic earnings per share was TWD 0.18 compared to TWD 0.09 a year ago. For the nine months, sales was TWD 13,686.186 million compared to TWD 11,940.106 million a year ago. Operating income was TWD 298.761 million compared to TWD 103.432 million a year ago. Net income was TWD 269.741 million compared to TWD 156.922 million a year ago. Basic earnings per share was TWD 0.42 compared to TWD 0.24 a year ago.
CHUN YUAN STEEL INDUSTRY CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of steel plates and related products. The Companyâs products include steel plates, special steel materials, silicon steel sheets, storage equipment and section steels. The Company operates through six segments. Construction segment is engaged in the construction engineering of buildings, factories and bridges. The First segment manufactures, processes and sells hot rolled and cold rolled steel plates. The Second segment manufactures and sells special steel materials and storage equipment. Qingdao Chun Yuan segment manufactures and sells mechanical and electrical components and other metal products. Shanghai Hua Teng segment manufactures, processes and sells silicon steel sheets. Shenzhen Chun Yuan segment manufactures and sells transformer components, rotors and stators, among others.
CHUN YUAN STEEL INDUSTRY CO., LTD. 
