Fulin Plastic Industry Holding Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 22, 2023
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Fulin Plastic Industry (Cayman) Holding Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 606.1 million compared to TWD 847.8 million a year ago. Net income was TWD 59.13 million compared to TWD 83.2 million a year ago. Basic earnings per share from continuing operations was TWD 1.15 compared to TWD 1.65 a year ago. Diluted earnings per share from continuing operations was TWD 1.13 compared to TWD 1.55 a year ago. Basic earnings per share was TWD 1.15 compared to TWD 1.65 a year ago. Diluted earnings per share was TWD 1.13 compared to TWD 1.55 a year ago.
For the six months, sales was TWD 1,236.04 million compared to TWD 1,626.01 million a year ago. Net income was TWD 128.84 million compared to TWD 158.16 million a year ago. Basic earnings per share from continuing operations was TWD 2.52 compared to TWD 3.14 a year ago. Diluted earnings per share from continuing operations was TWD 2.51 compared to TWD 3.08 a year ago. Basic earnings per share was TWD 2.52 compared to TWD 3.14 a year ago. Diluted earnings per share was TWD 2.51 compared to TWD 3.08 a year ago.
Fulin Plastic Industry (Cayman) Holding Co., Ltd. is principally engaged in the production and sales of polyvinyl chloride (PVC) leather products. The Company's product categories are mainly divided into PVC sponge leathers, PVC sheets, PVC casting leathers and others. The Company sells its products under Fulin brand. The Company mainly sells its products to Vietnam market, as well as the United States, Thailand, the Philippines, Malaysia, Cambodia, Myanmar, Turkey, Ecuador, Sri Lanka, Indonesia and Bangladesh. The Company's PVC sponge leather products include PVC sponge leathers used in furniture, leather bags, balls and rubber mats for car mats. The PVC sheet products include transparent PVC sheets, wood grain PVC sheets for building materials, electrical PVC sheets and general PVC sheets. The PVC casting leathers includes PVC casting leathers used in furniture, leather bags and soft leathers for bicycle seat cushions. The Other products include tarpaulins and non-woven fabrics.
FULIN PLASTIC INDUSTRY (CAYMAN) HOLDING CO., LTD. 
