Shenzhen Increase Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 12:59 pm
Share
Shenzhen Increase Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 170.368 million compared to CNY 193.856 million a year ago. Operating income was CNY 454,388.7 compared to operating loss of CNY 4.050 million a year ago. Net income was CNY 7.766 million compared to CNY 5.264 million a year ago. Basic earnings per share from continuing operations was CNY 0.0541 compared to CNY 0.0367 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.