Changs Ascending Enterprise Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 05:02 pm EDT
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Changs Ascending Enterprise Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 138.12 million compared to TWD 20.59 million a year ago. Net income was TWD 14.47 million compared to net loss of TWD 22.72 million a year ago. Basic earnings per share from continuing operations was TWD 0.24 compared to basic loss per share from continuing operations of TWD 0.38 a year ago. Diluted earnings per share from continuing operations was TWD 0.23 compared to diluted loss per share from continuing operations of TWD 0.38 a year ago.
For the six months, sales was TWD 240.89 million compared to TWD 37.59 million a year ago. Net income was TWD 24.04 million compared to net loss of TWD 30.2 million a year ago. Basic earnings per share from continuing operations was TWD 0.4 compared to basic loss per share from continuing operations of TWD 0.51 a year ago. Diluted earnings per share from continuing operations was TWD 0.39 compared to diluted loss per share from continuing operations of 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. 
