Shenzhen Increase Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 06:29 pm IST
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Shenzhen Increase Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 170.368 million compared to CNY 193.856 million a year ago. Operating income was CNY 454,388.7 compared to operating loss of CNY 4.050 million a year ago. Net income was CNY 7.766 million compared to CNY 5.264 million a year ago. Basic earnings per share from continuing operations was CNY 0.0541 compared to CNY 0.0367 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. 
