Changs Ascending Enterprise Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
March 24, 2021 at 05:14 pm EDT
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Changs Ascending Enterprise Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was TWD 145.252 million compared to TWD 327.915 million a year ago. Operating loss was TWD 77.861 million compared to TWD 26.515 million a year ago. Net loss was TWD 59.370 million compared to TWD 30.165 million a year ago. Basic loss per share was TWD 1 compared to TWD 0.51 a year ago.
CHANGS ASCENDING ENTERPRISE CO., LTD. is a Taiwan-based company engaged in the manufacture and distribution of lithium batteries and the related materials. The Company primarily offers lithium iron phosphate oxide cathode materials, uninterruptible power supply (UPS) devices, as well as lithium-iron assembled batteries, among others. In addition, the Company is involved in the provision of battery related technical services, sale of chargers and raw materials, as well as leasing. Its products are applied in the robots, golf cars, solar light emitting diode (LED), power tools, lawn mowers, lighting systems, home appliances and others. The Company distributes its products within the domestic market and to overseas markets, including the rest of Asia.
CHANGS ASCENDING ENTERPRISE CO., LTD. 
