Axman Enterprise Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 03:35 pm EDT
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Axman Enterprise 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 778.62 million compared to TWD 294.03 million a year ago. Net income was TWD 41.27 million compared to TWD 1.43 million a year ago. Basic earnings per share from continuing operations was TWD 1.38 compared to TWD 0.05 a year ago. Diluted earnings per share from continuing operations was TWD 1.37 compared to TWD 0.05 a year ago.
For the nine months, sales was TWD 2,181.03 million compared to TWD 1,186.51 million a year ago. Net income was TWD 120.99 million compared to TWD 17.77 million a year ago. Basic earnings per share from continuing operations was TWD 4.15 compared to TWD 0.67 a year ago. Diluted earnings per share from continuing operations was TWD 4.12 compared to TWD 0.67 a year ago.
Axman Enterprise Co Ltd is a Taiwan-based company mainly engaged in the manufacture of bicycle and parts, the manufacture, process, assembly and domestic and foreign sales of bicycle parts, as well as the treatment of bicycle surface. The main products are a complete portfolio of bicycle types, including shock absorbers, electric bicycles, road bikes, mountain bikes, snow bikes, other types of vehicles, components and newly developed and integrated electric bicycles and others. The Company sells products to the global bicycle market and provides after-sales service. The other types of vehicles include tri-rail cars, tractors, city cars, station wagons and single-speed cars. The Company mainly distributes its products in the Americas, Europe and Asia.
AXMAN ENTERPRISE CO., LTD. 
