Tong Yang Industry Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022
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Tong Yang Industry 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 5,526.95 million compared to TWD 4,467.55 million a year ago. Net income was TWD 699.27 million compared to TWD 111.46 million a year ago. Basic earnings per share from continuing operations was TWD 1.19 compared to TWD 0.19 a year ago. Diluted earnings per share from continuing operations was TWD 1.19 compared to TWD 0.19 a year ago.
For the nine months, sales was TWD 15,970.08 million compared to TWD 13,444.22 million a year ago. Net income was TWD 1,807.73 million compared to TWD 503.12 million a year ago. Basic earnings per share from continuing operations was TWD 3.06 compared to TWD 0.85 a year ago. Diluted earnings per share from continuing operations was TWD 3.06 compared to TWD 0.85 a year ago.
Tong Yang Industry Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of automobile and motorcycle spare parts. The Company operates through two segments. The Automobile Assembly Market segment is engaged in the manufacture and sale of automobile and motorcycle spare parts for automobile assembly market. The Repair and Maintenance Market segment is engaged in the manufacture and sale of automobile and motorcycle spare parts for repair and maintenance market. The main products include bumpers, headers, instrument boards, engine covers, fenders and fans. The Company operates within the domestic market and to overseas markets, including China mainland, the United States and other countries.