VIGA Faucet Mugadziri 
The First Half Of Taiwan Hardware And Sanitary Ware Factory Performance, All Decline
A few days ago, the listed hardware companies in Taiwan announced the first half-year results, all down.
Cheng Lin’s net profit in the first half of the year was 245 million yuan
Cheng Lin’s consolidated revenue in the first half of the year was NT$10.429 billion (approximately RMB2.35 billion), an annual increase of 6%. Gross profit was NT$2.428 billion, a decrease of 4%, and gross margin was 23.3%, a decrease of 2.4 percentage points. Operating loss was NT$917 million. The segment turned to a loss, with an operating profit margin of -8.8%. Net loss before tax was NT$1,058 million. Net loss attributable to owners of the parent company was NT$1.086 billion (approximately RMB245 million). EPS of -3.03 turned to a loss from NT$0.37 in the same period of 2021.
Chenglin’s regional revenue distribution was 59% in North America, 38% in Europe, and 3% in Asia and others. The proportion of products is 44% for ceramics, 33% for faucets and showers, and 23% for other businesses including bathroom accessories/kitchen sets/furniture cabinets/distribution services. If we look at the business model, they can be divided into brand, OEM and brand OEM, PJH (UK) three blocks (see chart, Cheng Lin method said), each accounting for roughly 1/3 of revenue.
HCG’s net profit in the first half was 33.13 million yuan
HCG’s consolidated revenue for the first half of the year was NT$2.602 billion (approximately RMB586 million). The Gross operating profit (gross loss) was NT$683.0 million. Operating income (loss) was NT$98.72 million and net loss attributable to owners of the parent company was NT$147 million (approximately RMB33.13 million).
Qiaochun Metals reported a net profit of NT$107.4 million in the first half of the year
Bridge Chun Metal’s consolidated operating income4 was NT$740.0 million (approximately RMB1,068.0 million) in the first half of the year. Gross operating profit (gross loss) was NT$798.0 million Operating income (loss) was NT$391 million. Net loss attributable to owners of the parent company NT$477 million (approximately RMB107 million), an increase of 10.06% year-over-year.
Caesar Sanitary’s net profit in the first half of the year was NT$29.08 million
Caesar Sanitary‘s consolidated operating income for the first half year was NT$1,279 million (approximately RMB289 million). Gross operating profit (gross loss) was NT$432.0 million. Operating income (loss) was NT$162 million. Net loss attributable to owners of the parent company was NT$129.0 million (approximately RMB29.08 million).