Veken Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 09:46 am
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Veken Technology Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,945.56 million compared to CNY 1,523.65 million a year ago. Revenue was CNY 2,075.44 million compared to CNY 1,744.98 million a year ago. Net loss was CNY 127.18 million compared to net income of CNY 49.14 million a year ago. Basic loss per share was CNY 0.2829 compared to basic earnings per share of CNY 0.1206 a year ago. Diluted loss per share was CNY 0.2829 compared to diluted earnings per share of CNY 0.1168 a year ago.
Veken Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of lithium-ion batteries. The Company's consumer electronics products include pure manganese batteries, ternary batteries, ternary manganese-added batteries, ternary cobalt-added batteries, and pure cobalt batteries, which are mainly used in smartphones, laptops, power banks, smart homes, and drones. The Company's small power battery products include lithium iron phosphate batteries and ternary batteries, which are mainly used in electric two-wheeled vehicles, power tools and other fields. The Company distributes its products within the domestic market and to overseas markets.
VEKEN TECHNOLOGY CO., LTD. 
