U-Best Innovative Technology Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022
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U-Best Innovative Technology 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 207.71 million compared to TWD 251.47 million a year ago. Net loss was TWD 12.05 million compared to net income of TWD 35.7 million a year ago. Basic loss per share from continuing operations was TWD 0.09 compared to basic earnings per share from continuing operations of TWD 0.261 a year ago.
For the nine months, sales was TWD 706.46 million compared to TWD 514.19 million a year ago. Net loss was TWD 43.44 million compared to net income of TWD 35.63 million a year ago. Basic loss per share from continuing operations was TWD 0.31 compared to basic earnings per share from continuing operations of TWD 0.2803 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. 
