Changs Ascending Enterprise Co., Ltd.

Changs Ascending Enterprise Co., Ltd.

TTPEX:8038
32.55
TWD
-0.05
(-0.15%)
0.88EPS
47.88P/E
2.45BMarket Cap
Changs Ascending Enterprise Co., Ltd.
TPEX:8038
(Taipei Exchange)

Recent

price

32.55

P/E

ratio

47.88

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
3.9
4.31
2.75
2
1.72
1.31
3.09
0.31
1.39
5.54
2.42
1.11
3.5
5.43
2.84
9.58
11.82
Revenue per Share
-1
0.65
-0.57
-1.4
-2.46
-1.46
-0.95
-2.98
-2.7
-0.51
-0.99
-2.03
-0.41
- -
-1.54
0.92
0.82
Basic EPS, GAAP
2.03
1.4
-1.64
-2.06
-2.52
-2.25
-2.65
-2.08
-1.56
-0.09
-1.07
-0.51
-1.5
-1.67
-1.5
-0.61
0.08
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
8.49
9.05
10.81
16.73
14.4
12.33
13.06
10.28
8
10.15
9.03
7.02
6.65
8.01
6.49
7.41
7.75
Book Value per Share
8.27
8.71
10.36
16.17
13.79
11.58
12.3
9.48
7.14
9.3
8.21
6.4
6.05
7.46
5.98
6.93
7.29
Tangible Book Value per Share
47
47
48
50
55
55
56
57
57
59
60
60
59
61
62
62
63
Basic Weighted Avg Shares
184
203
131
100
95
72
174
18
79
328
145
66
207
333
177
597
741
Sales/Revenue/Turnover
-0.94
25.76
-9.46
-64.6
-156.17
-165.71
-34
-650.52
-115.66
-7.5
-51.99
-179.94
-15.36
0.75
-60.83
7.71
6.57
Operating Margin (%)
13
18
18
18
18
23
21
21
23
29
32
33
30
29
30
27
26
Depreciation Expense
-47
31
-27
-70
-136
-80
-54
-170
-153
-30
-59
-121
-24
- -
-96
57
52
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-25.76
15.16
-20.63
-70.02
-143.27
-111.01
-30.82
-947.43
-194.95
-9.2
-40.87
-182.98
-11.79
- -
-54.44
9.57
6.95
Profit Margin (%)
176
53
182
491
640
160
134
318
253
422
384
284
201
147
76
145
260
Working Capital
179
178
178
160
382
- -
- -
280
252
476
488
481
404
220
218
215
216
LT Debt
472
504
602
931
801
753
819
656
522
680
603
478
452
555
474
525
628
Total Equity
- -
7.66
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.23
- -
4.2
4.24
Return on Invested Capital (%)
- -
4.97
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.05
- -
6.98
5.44
Return on Capital (%)
-9.54
6.32
-4.91
-9.14
-15.75
-10.88
-7.56
-25.55
-29.37
-5.63
-10.3
-25.28
-5.98
- -
-21.3
13.18
11.52
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
443
453
413
LT Borrowings
- -
- -
- -
LT Finance Leases
215
217
216
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
62
62
62
Market Capitalization
2,980
2,401
2,451

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
727
753
843
Cash, Cash Equivalents & STI
318
286
389
Accounts Receivable, Net
160
137
157
Inventories
194
210
217
Total Current Liabilities
582
583
583
Payables & Accruals
- -
- -
- -
ST Debt
443
453
413
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.98%
-1.44%
10.86%
Free Cash Flow
111.86%
17.6%
-59.26%
Net Income, GAAP
-120,245.65%
-240,529.48%
-159.37%
Sales/Revenue/Turnover
105.99%
81.98%
237.84%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23
13
51
90
177
2025
38
163
210
186
597
2026
165
180
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.41
-0.57
-0.28
-0.28
-1.54
2025
-0.18
0.3
0.69
0.11
0.92
2026
0.24
-0.21
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Changs Ascending Enterprise Co., Ltd. is a Taiwan-based manufacturer specializing in the research, development, and production of lithium iron phosphate batteries and related materials. Founded in 1997 and headquartered in Taichung, the company offers a comprehensive range of products including lithium iron phosphate cathode materials, lithium-iron assembled batteries, uninterruptible power supply (UPS) devices, power and energy storage batteries, and battery modules. It also provides technical services related to batteries, patent licensing, technology transfer, charger sales, raw materials, and leasing services. The company’s products serve diverse applications such as robotics, golf carts, solar LED lighting, power tools, lawn mowers, lighting systems, home appliances, semiconductor and AI computing center power infrastructure, electric vehicles, forklifts, and grid and industrial electronic energy storage systems. Changs Ascending distributes its products domestically within Taiwan and internationally across Asia. In the last 1-2 years, Changs Ascending Enterprise has focused on strategic growth driven by expansion in semiconductor fabs and AI computing centers, positioning its high-safety lithium iron battery UPS and energy storage systems as key components for power infrastructure upgrades. The company’s recent developments include launching new products tailored for these sectors, enhancing its energy storage solutions, and actively engaging in technology transfer and patent licensing to strengthen its innovation and market presence. This strategic emphasis supports critical infrastructure sectors such as renewable energy and industrial logistics while expanding its operational footprint. The company continues to innovate within its core battery technology and energy storage business segments, leveraging partnerships and technology licensing to bolster growth. Changs Ascending operates primarily in the electrical components and equipment industry with a focus on lithium battery technology. Its target markets include industrial clients requiring reliable energy storage and backup solutions, electric vehicle manufacturers, solar energy applications, and semiconductor facilities needing uninterrupted power supply. The company plays a key role in Taiwan’s industrial components sector with specialized expertise in lithium iron phosphate battery technologies and related services. Overall, Changs Ascending Enterprise Co., Ltd. excels in producing and supplying lithium iron phosphate batteries and modules for diverse industrial and commercial uses, emphasizing advanced technology development, strategic market expansion, and innovation in energy storage systems. Its foundational strength in Taiwan, combined with targeted international distribution and continuous innovation, positions it as a significant player in the lithium battery and energy storage market.