Zig Sheng Industrial Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 28, 2021 at 02:00 pm
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Zig Sheng Industrial Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was TWD 7,675.607 million compared to TWD 11,841.377 million a year ago. Operating loss was TWD 279.614 million compared to TWD 441.126 million a year ago. Net loss was TWD 40.115 million compared to TWD 302.638 million a year ago. Basic loss per share from continuing operations was TWD 0.07 compared to TWD 0.49 a year ago.
Zig Sheng Industrial Co Ltd is a Taiwan-based company mainly engaged in the production and sale of nylon chips, nylon filaments, polyester processed yarn, polyester air-twisted processed yarn, nylon processed yarn, nylon air-twisted processed yarn, and composite materials. Polyester and nylon processed yarn products include shaped processed yarn, stretch polyester processed yarn, two-color or three-color polyester imitation wool yarn, high stretch polyester processed yarn, high elastic stretch yarn, and basic processed yarn. Nylon yarn and nylon chips for spinning are used for clothing (cloth) and industrial (cloth). Engineering plastic nylon chips are used for automotive parts, industrial parts, electronic appliances, and packaging materials. The products are mainly sold domestically and exported to Europe, America, Africa, Oceania, Southeast Asia, Northeast Asia, and other Asian regions.