U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021
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U-Best Innovative Technology Co., Ltd. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 146.739 million compared to TWD 28.101 million a year ago. Operating income was TWD 3.808 million compared to operating loss of TWD 23.318 million a year ago. Net income was TWD 2.559 million compared to net loss of TWD 13.036 million a year ago. For the half year, sales was TWD 262.715 million compared to TWD 183.677 million a year ago. Operating income was TWD 7.926 million compared to operating loss of TWD 5.897 million a year ago. Net loss was TWD 69,000 compared to net income of TWD 57.311 million 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. 
