Yieh Phui Enterprise Co., Ltd. (Yieh Phui), a leading coating steel mill in Taiwan, reported that its consolidated revenue totaled around NT$90.05 billion in 2021, rising by 62.6% compared to the previous year. In the meantime, Yieh Phui’s after-tax net profit was around NT$5.22 billion, a year-on-year surge of 610%. Both figures hit record highs.

Besides, the EPS in 2021 was also much higher than 2020’s NT$0.39, reaching NT$2.75.

Yieh Phui said that the performance was benefited by higher international steel prices and demand, especially in export sales, mainly driven by sharp increases in steel prices in Europe and the US.