Shenzhen Increase Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 05:06 pm
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Shenzhen Increase Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 59.1 million compared to CNY 47.03 million a year ago. Revenue was CNY 59.1 million compared to CNY 47.03 million a year ago. Net income was CNY 1.66 million compared to CNY 1.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.0105 compared to CNY 0.0123 a year ago. Diluted earnings per share from continuing operations was CNY 0.0105 compared to CNY 0.0123 a year ago.
Shenzhen Increase Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of intelligent high-frequency switching power supplies and related power electronic products in the field of power electronics. The Company mainly produces three types of products. Electric vehicle charging power products include electric vehicle charging power modules, electric vehicle charging monitoring modules, electric vehicle charging power systems, and others. Power operation power products mainly include power operation power charging modules, monitoring modules and other core components and power operation power systems. Other power products mainly include communication power supplies, electric vehicle on-board power modules, inverter power supplies, DC lighting products, and others. The Company's products can be widely used in power, new energy vehicles, communications, metallurgy, chemical industry, laser equipment and other industries.