Shenzhen Neoway Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 07:18 pm
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Shenzhen Neoway Technology Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 573.615 million compared to CNY 782.167 million a year ago. Operating loss was CNY 97.099 million compared to operating Income of CNY 59.908 million a year ago. Net loss was CNY 75.064 million compared to net income of CNY 54.560 million a year ago. Basic loss per share from continuing operations was CNY 0.8362 compared to basic earnings per share from continuing operations of CNY 0.7993 a year ago.
Shenzhen Neoway Technology Co., Ltd. is a China-based provider of Internet of Things (IoT) access communications products and services. The Company is mainly engaged in the research and development, production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The IoT wireless communication modules are the core components for connecting network of intelligent connected terminal products. It enables all types of intelligent connected terminal products to have the ability to access IoT and realize remote monitoring, control, optimization and automatic operation. The IoT wireless communication terminal products mainly include N2810 and N2860. The IoT wireless communication solutions provide customers with cloud-pipe-end combination communication-related solutions. The Company operates its businesses primarily in Mainland China.