Shenzhen Increase Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 07:05 pm IST
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Shenzhen Increase Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 265.649 million compared to CNY 289.420 million a year ago. Operating income was CNY 14.973 million compared to operating loss of CNY 47.603 million a year ago. Net income was CNY 28.384 million compared to net loss of CNY 21.428 million a year ago. Basic earnings per share from continuing operations was CNY 0.1979 compared to basic loss per share from continuing operations of CNY 0.1494 a year ago.
Shenzhen Increase Technology Co Ltd is a company engaged in research and development, production and sales of intelligent high-frequency switching power supplies and related power electronic products. The Company's main products are electric vehicle charging power supplies, including electric vehicle charging power modules, electric vehicle charging monitoring modules and electric vehicle charging power systems. The Companyâs other products are comprised of power operation power supplies, such as power operation power monitoring modules and power operation power systems; rail transit auxiliary converter systems, such as low-power converter products; and other power supplies, such as communication power supplies and inverter power supplies.
SHENZHEN INCREASE TECHNOLOGY CO., LTD. 
