Hotai Motor Co.,Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:19 pm EST
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Hotai Motor 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 54,921.84 million compared to TWD 51,275.67 million a year ago. Revenue was TWD 62,272.03 million compared to TWD 57,145.1 million a year ago. Net loss was TWD 13,651.64 million compared to net income of TWD 3,513.17 million a year ago. Basic loss per share from continuing operations was TWD 24.5 compared to basic earnings per share from continuing operations of TWD 6.3039 a year ago. Diluted loss per share from continuing operations was TWD 24.5 compared to diluted earnings per share from continuing operations of TWD 6.3039 a year ago.
For the nine months, sales was TWD 159,284.5 million compared to TWD 172,607.67 million a year ago. Revenue was TWD 180,724.85 million compared to TWD 188,844.55 million a year ago. Net loss was TWD 10,171.87 million compared to net income of TWD 12,667.73 million a year ago. Basic loss per share from continuing operations was TWD 18.2549 compared to basic earnings per share from continuing operations of TWD 22.7353 a year ago. Diluted loss per share from continuing operations was TWD 18.2549 compared to diluted earnings per share from continuing operations of TWD 22.7255 a year ago.
Hotai Motor Co Ltd is a Taiwan-based company principally engaged in the distribution of motor vehicles and relevant parts. The Company primarily provides passenger cars and business vehicles, with brands named LEXUS, TOYOTA and others, as well as large-sized vehicles, including trucks and passenger cars, with brands named HINO. In addition, it is involved in the provision of air conditioners for vehicles, vehicle leasing services and installment payment services, as well as parts and components for vehicles. The Company is also engaged in insurance business. The Company operates its businesses primarily in domestic market.
HOTAI MOTOR CO.,LTD. 
