Chang Wah Technology Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 08, 2020 at 08:55 pm
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Chang Wah Technology Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 2,401.516 million compared to TWD 2,470.868 million a year ago. Operating income was TWD 250.154 million compared to TWD 236.363 million a year ago. Net income was TWD 275.842 million compared to TWD 183.986 million a year ago. Basic earnings per share was TWD 0.78 compared to TWD 0.52 a year ago. For the nine months, sales was TWD 6,993.499 million compared to TWD 6,877.777 million a year ago. Operating income was TWD 654.074 million compared to TWD 611.416 million a year ago. Net income was TWD 603.550 million compared to TWD 451.733 million a year ago. Basic earnings per share was TWD 1.71 compared to TWD 1.28 a year ago.
CHANG WAH TECHNOLOGY CO., LTD is a Taiwan-based lead frame manufacturer. The Company's main products is involved in integrated circuit (IC) lead frames, encapsulated resin and light emitting diode (LED) lead frames. The Company's products are used in the IC industry and the optoelectronic industry. The lead frame can be divided into three categories including integrated circuit lead frame, photovoltaic element lead frame and light emitting diode lead frame according to the different chips. The Company distributes its products mainly to Asia and Europe.