U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 12, 2021
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U-Best Innovative Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 115.976 million compared to TWD 155.576 million a year ago. Operating income was TWD 4.118 million compared to TWD 17.421 million a year ago. Net loss was TWD 2.628 million compared to net income of TWD 70.347 million a year ago. Basic loss per share was TWD 0.02 compared to basic earnings per share of TWD 0.68 a year ago. Basic loss per share from continuing operations was TWD 0.02 compared to basic earnings per share from continuing operations of TWD 0.03 a year ago.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD., formerly U-Best Polymer Industry Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of macromolecule chemical raw materials. The Company is primarily engaged in the production of polyurethane (PU) resins, PU adhesives, nylon resins and polyester polyol. The products are mainly used in the manufacture of PU synthetic leather and artificial leather for footwear, purses and garments, the molding of nylon, the bonding of various fibers, as well as the manufacture of waterproof nylon fabrics for raincoats, suitcases and tents. The Company distributes its products within the domestic market and to overseas markets.
U-BEST INNOVATIVE TECHNOLOGY CO., LTD. 
