U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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U-Best Innovative Technology Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 241.17 million compared to TWD 146.74 million a year ago. Net loss was TWD 36.04 million compared to net income of TWD 2.56 million a year ago. Basic loss per share was TWD 0.26 compared to basic earnings per share of TWD 0.0193 a year ago.
For the six months, sales was TWD 498.75 million compared to TWD 262.72 million a year ago. Net loss was TWD 31.4 million compared to TWD 0.069 million a year ago. Basic loss per share was TWD 0.23.
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. 
