Tong Ming Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 30, 2021
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Tong Ming Enterprise Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 3,237.265 million compared to TWD 2,369.476 million a year ago. Operating income was TWD 451.036 million compared to TWD 148.609 million a year ago. Net income was TWD 286.044 million compared to TWD 125.605 million a year ago. Basic earnings per share was TWD 1.7 compared to TWD 0.75 a year ago. Diluted earnings per share was TWD 1.62 compared to TWD 0.72 a year ago. For the half year, total revenue was TWD 5,704.118 million compared to TWD 3,967.914 million a year ago. Operating income was TWD 747.071 million compared to TWD 185.856 million a year ago. Net income was TWD 487.920 million compared to TWD 140.097 million a year ago. Basic earnings per share was TWD 2.9 compared to TWD 0.83 a year ago. Diluted earnings per share was TWD 2.77 compared to TWD 0.8 a year ago.
Tong Ming Enterprise Co., Ltd. is engaged in manufacturing stainless steel fasteners with production bases in Malaysia, Thailand and China. The Companyâs products include stainless steel fasteners and stainless-steel wire. The Companyâs stainless steel fastener products include nonstandard products, threaded rods & studs, washers/rings, mushroom head square neck bolts, machine screws, self-tapping screws, nuts, hexagon socket cap screws and hexagon head bolts. The stainless-steel wire includes netting, cable, nails, and cold heading products. It also provides washers/rings, hose clamps, self-drilling screws, wedge anchors, rivet nuts and rivets. The Company has approximately 45,000 annual production capacity.