Shenzhen Friendcom Technology Development Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 04:15 pm IST
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Shenzhen Friendcom Technology Development Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 425.784 million compared to CNY 442.425 million a year ago. Operating income was CNY 14.606 million compared to CNY 23.508 million a year ago. Net income was CNY 9.552 million compared to CNY 20.799 million a year ago. Basic earnings per share from continuing operations was CNY 0.0478 compared to CNY 0.104 a year ago.
Shenzhen Friendcom Technology Development Co., Ltd. is a China-based company principally involved in the research, development, manufacture and sales of wireless products, as well as the provision of maintenance and operation services. The Company operates its businesses through two main segments. The Wireless Networks segment is mainly engaged in the research, development, manufacture and sales of wireless sensor network modules. The Electric Power Terminals segment is mainly engaged in the assembling electric power terminal products, which are comprised of concentrators, collectors and data acquire terminals of special transformers, from wireless network products. The Companyâs electric information acquire systems are mainly applied in the construction of national smart grids.
SHENZHEN FRIENDCOM TECHNOLOGY DEVELOPMENT CO., LTD. 
