Enc Digital Technology Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 03:34 pm IST
Share
ENC Digital Technology Co. Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 616.906 million compared to CNY 1,750.548 million a year ago. Operating loss was CNY 164.437 million compared to operating Income of CNY 143.896 million a year ago. Net loss was CNY 160.295 million compared to net income of CNY 152.217 million a year ago. Basic loss per share from continuing operations was CNY 0.32 compared to basic earnings per share from continuing operations of CNY 0.3 a year ago.
ENC Digital Technology Co., Ltd, formerly ENC Data Technology Co., Ltd, is a China-based company providing industry cognitive solutions. The Company operates its business through two segments. The Industry Cognitive Solutions segment provides industry customers with industry cognitive solutions that include data collection, governance, mining, analytics and applications through innovative technologies such as artificial intelligence, big data and cloud computing. Specific areas include smart public security, public security big data, smart cities and smart enterprise businesses. The Tourism Business segment operates three routes of Beihai-Weizhou Island, Beihai-Haikou and Penglai-Changdao through its subsidiaries.