Advanced Energy Solution Holding Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022
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Advanced Energy Solution Holding 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 4,034.68 million compared to TWD 2,917.59 million a year ago. Revenue was TWD 4,034.68 million compared to TWD 2,917.59 million a year ago. Net income was TWD 913.57 million compared to TWD 609.9 million a year ago. Basic earnings per share from continuing operations was TWD 10.7 compared to TWD 7.14 a year ago. Diluted earnings per share from continuing operations was TWD 10.68 compared to TWD 7.13 a year ago.
For the nine months, sales was TWD 11,625.09 million compared to TWD 8,341.52 million a year ago. Revenue was TWD 11,625.09 million compared to TWD 8,341.52 million a year ago. Net income was TWD 2,498.86 million compared to TWD 1,823.19 million a year ago. Basic earnings per share from continuing operations was TWD 29.25 compared to TWD 23.06 a year ago. Diluted earnings per share from continuing operations was TWD 29.19 compared to TWD 22.95 a year ago.
Advanced Energy Solution Holding Co Ltd is a Taiwan-based company mainly engaged in the research and development, production and sales of lithium battery modules, and provides related after-sales services. The Company's main products are battery modules for indoor and outdoor mobile vehicles, which are used in battery modules for light-weight electric vehicles such as electric bicycles, electric motorcycles, and electric balance vehicles. The products are mainly sold to America, Europe, Asia and other regions.