Changs Ascending Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 10, 2020 at 01:39 pm
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Changs Ascending Enterprise Co., Ltd. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 23.669 million compared to TWD 86.664 million a year ago. Net loss was TWD 29.014 million compared to TWD 9.021 million a year ago. Basic loss per share was TWD 0.49 compared to TWD 0.15 a year ago. For the nine months, sales was TWD 127.523 million compared to TWD 251.695 million a year ago. Net loss was TWD 50.737 million compared to TWD 16.906 million a year ago. Basic loss per share was TWD 0.85 compared to TWD 0.29 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. 
