Channel Well Technology Co.,Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:49 pm EDT
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Channel Well Technology 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 2,998.03 million compared to TWD 1,686.63 million a year ago. Net income was TWD 490.49 million compared to TWD 186.86 million a year ago. Basic earnings per share from continuing operations was TWD 2.16 compared to TWD 0.82 a year ago. Diluted earnings per share from continuing operations was TWD 2.14 compared to TWD 0.82 a year ago.
For the six months, sales was TWD 5,256.96 million compared to TWD 3,350.63 million a year ago. Net income was TWD 759.75 million compared to TWD 366.01 million a year ago. Basic earnings per share from continuing operations was TWD 3.34 compared to TWD 1.61 a year ago. Diluted earnings per share from continuing operations was TWD 3.31 compared to TWD 1.59 a year ago.
Channel Well Technology Co., Ltd. is a Taiwan-based company principally engaged in the research, development, manufacture, processing and trading of power supplies. The Companyâs primary products include power supplies for consulting products and industrial devices, external power supplies, personal computer (PC) power, chargers and other power-related downstream products, as well as computers, communication and consumer electronic (3C) related products. Its products are mainly used in computer peripherals, network equipment, communication products, industrial equipment and consumer electronic products, among others. The Company mainly exports its products to Asia, the Americas, Europe and other markets.