Changs Ascending Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 07, 2019 at 01:33 pm EST
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Changs Ascending Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was TWD 86.664 million compared to TWD 13.343 million a year ago. Operating loss was TWD 8.199 million compared to TWD 24.422 million a year ago. Net loss was TWD 9.021 million compared to TWD 34.616 million a year ago. Basic loss per share was TWD 0.13 compared to TWD 0.62 a year ago. For the nine months, sales was TWD 251.695 million compared to TWD 22.204 million a year ago. Operating loss was TWD 17.886 million compared to TWD 77.437 million a year ago. Net loss was TWD 16.906 million compared to TWD 108.679 million a year ago. Basic loss per share was TWD 0.27 compared to TWD 1.93 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. 
