SINBON Electronics Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023
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SINBON Electronics 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 8,723.33 million compared to TWD 7,476.62 million a year ago. Net income was TWD 912 million compared to TWD 758.2 million a year ago. Basic earnings per share from continuing operations was TWD 3.82 compared to TWD 3.22 a year ago. Diluted earnings per share from continuing operations was TWD 3.78 compared to TWD 3.17 a year ago.
For the six months, sales was TWD 17,189 million compared to TWD 14,438.81 million a year ago. Net income was TWD 1,805.49 million compared to TWD 1,438.61 million a year ago. Basic earnings per share from continuing operations was TWD 7.57 compared to TWD 6.13 a year ago. Diluted earnings per share from continuing operations was TWD 7.47 compared to TWD 6.02 a year ago.
Sinbon Electronics Co Ltd is a Taiwan-based company mainly engaged in the processing and manufacture of connecting wire groups and the agency trading of connectors. Main products include connection cables, system products, power rectifiers, mobile phone transmission cables, mobile phone connectors, wireless antennas and radio frequency identification devices (RFID). The Company operates through three business segments. The Wire Operation segment is engaged in the manufacture and sale of wire. The Electronic Components Operation segment is engaged in the sales of electronic connectors and electronic components. The Management Operation segment is mainly engaged in other business projects and reinvestment business. Products are used in the fields of healthcare, automotive aviation, green energy, industrial applications and communications. The Company operates in mainland China, the United States, Europe, Taiwan and other regions.