Shenzhen Increase Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 11:43 am
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Shenzhen Increase Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 193.856 million compared to CNY 210.665 million a year ago. Operating loss was CNY 4.050 million compared to operating Income of CNY 41.831 million a year ago. Net income was CNY 5.264 million compared to CNY 42.301 million a year ago. Basic earnings per share from continuing operations was CNY 0.0367 compared to CNY 0.2949 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.
SHENZHEN INCREASE TECHNOLOGY CO., LTD. 
