
Sanyo Industrial's net profit after tax in the third quarter was 110 million yuan, and after-tax earnings per share were 2.1 yuan, the second highest record in history.
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Sanyo Industrial's main business covers social housing, public facilities and transportation construction projects. The company has recently contracted a number of large-scale public projects and recognized revenue based on the construction progress.
Xu Zhengzhe, general manager of Sanyo Industrial. (File photo)
Construction stock Sanyo Industrial (1472) announced its financial results for the third quarter and the first three quarters today (9th). The net profit after tax in the third quarter was 110 million yuan, and the earnings per share (EPS) was 2.1 yuan, the second highest record in history. The net profit after tax in the first three quarters was 293 million yuan, and the EPS was 5.57 yuan, which was better than the 5.1 yuan in the same period last year, and set a new high record for the same period in the past. Sanyo said that as existing projects continue to recognize revenue according to progress, and new large-scale projects are started one after another this year, it will add growth momentum to the company's mid- to long-term operations.
Sanyo Industrial's third-quarter revenue exceeded the 1 billion yuan mark, reaching 1.057 billion yuan, an increase of 6% from the previous quarter and an increase of 14% from the same period last year, setting a historical single-quarter high. As the scale of revenue expanded, the profits of the industry grew simultaneously. The net profit after tax was 110 million yuan, an increase of 23% from the previous quarter and an increase of 30% from the same period last year. The EPS was 2.1 yuan, which was better than the 1.69 yuan in the previous quarter and the 1.62 yuan in the same period last year, which was the highest level in a single quarter in history.
Sanyo Industrial Group's current projects mainly cover the fields of social housing, public facilities and transportation construction. Among them, relatively large-scale projects include social housing projects in Tainan, Pingtung and Kaohsiung, as well as the National Sports Park Overall Construction and Talent Cultivation Plan (Phase 3) project, the new National High-tech Experimental Senior High School building project, and the new parking lot project on the east side of the airport, etc., which continue to provide stable support for the group's operations.
In addition, Sanyo Industrial Group received orders this year and successively won RLC02 civil engineering and facility mechanical and electrical engineering projects for the Xiaogang Linyuan Line of the Kaohsiung Metropolitan Mass Rapid Transit System, C705S bid for the new construction project of the Kaohsiung Section of National Highway 7 (Xiaogang Section), and the Kaohsiung City Government's Baipu Industrial Park Development Plan and other large-scale engineering projects, further expanding the group's caseload. As new contracted projects are started one after another and are recognized according to the construction progress, the mid- to long-term growth momentum will be strengthened.

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