Rechi Precision Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 10:34 pm
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Rechi Precision Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 3,807.06 million compared to TWD 5,157.75 million a year ago. Revenue was TWD 3,807.06 million compared to TWD 5,157.75 million a year ago. Net income was TWD 159.42 million compared to TWD 186.36 million a year ago. Basic earnings per share from continuing operations was TWD 0.32 compared to TWD 0.37 a year ago. Diluted earnings per share from continuing operations was TWD 0.32 compared to TWD 0.37 a year ago. Basic earnings per share was TWD 0.32 compared to TWD 0.37 a year ago. Diluted earnings per share was TWD 0.32 compared to TWD 0.37 a year ago.
For the nine months, sales was TWD 14,861.2 million compared to TWD 17,269.8 million a year ago. Revenue was TWD 14,861.2 million compared to TWD 17,269.8 million a year ago. Net income was TWD 573.25 million compared to TWD 529.02 million a year ago. Basic earnings per share from continuing operations was TWD 1.15 compared to TWD 1.05 a year ago. Diluted earnings per share from continuing operations was TWD 1.14 compared to TWD 1.04 a year ago. Basic earnings per share was TWD 1.15 compared to TWD 1.05 a year ago. Diluted earnings per share was TWD 1.14 compared to TWD 1.04 a year ago.
RECHI PRECISION CO., LTD. is a Taiwan-based company principally engaged in the research and development, manufacture and distribution of compressors. The Companyâs primary products include rotary compressors and relevant pump sets, direct current variable-frequency controllers, motors and hot water equipment for commercial and residential purposes. The Companyâs products are mainly used in the manufacture of air conditioners, water heaters, dehumidifiers and cloth dryers, among others. The Company mainly operates through three business segments: compressors business segment, motors business segment and pumps business segment. The Company mainly distributes its products in domestic market and overseas markets, including the Mainland China, Thailand, Poland and others.