Hep Tech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 06:54 pm EDT
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HEP Tech Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was TWD 114.325 million compared to TWD 96.486 million a year ago. Operating loss was TWD 4.578 million compared to TWD 10.768 million a year ago. Net loss was TWD 7.279 million compared to net income of TWD 1.352 million a year ago. Basic loss per share was TWD 0.24 compared to basic earnings per share of TWD 0.04 a year ago.
Hep Tech Co Ltd is a Taiwan-based company principally engaged in the research and development, manufacture, and sale of electric light source driving components. The main products include electronic ballasts, electronic transformers, and light emitting diode (LED) electronic drivers. The products are applied in electric light sources such as halogen lamps, fluorescent lamps, mercury lamps, metal halide lamps, high pressure sodium lamps and LED lamps, and others. The main function of the product is to provide lighting voltage, stable current, or voltage transformation. The Company is also engaged in the sale of finished vehicles, car boutique modification kits and bicycles. The Company distributes its products within Taiwan and overseas markets, including the rest of Asia, Europe, Americas, and others.