Changs Ascending Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 03:05 pm EST
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Changs Ascending Enterprise Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 44.89 million compared to TWD 30.66 million a year ago. Net loss was TWD 4.7 million compared to TWD 21.91 million a year ago. Basic loss per share from continuing operations was TWD 0.08 compared to TWD 0.37 a year ago. Diluted loss per share from continuing operations was TWD 0.08 compared to TWD 0.37 a year ago.
For the nine months, sales was TWD 82.48 million compared to TWD 50.1 million a year ago. Net loss was TWD 34.9 million compared to TWD 71.46 million a year ago. Basic loss per share from continuing operations was TWD 0.59 compared to TWD 1.21 a year ago. Diluted loss per share from continuing operations was TWD 0.59 compared to TWD 1.21 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. 
