Tong Ming Enterprise Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021
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Tong Ming Enterprise Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was TWD 2,466.853 million compared to TWD 1,598.438 million a year ago. Operating income was TWD 296.035 million compared to TWD 37.247 million a year ago. Net income was TWD 201.876 million compared to TWD 14.492 million a year ago. Basic earnings per share was TWD 1.2 compared to TWD 0.09 a year ago. Diluted earnings per share was TWD 1.15 compared to TWD 0.09 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.