Vanjee Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 12, 2022 at 04:55 pm IST
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Vanjee Technology Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 312.96 million compared to CNY 415.45 million a year ago. Revenue was CNY 315.3 million compared to CNY 418.31 million a year ago. Net loss was CNY 83.29 million compared to net income of CNY 46.59 million a year ago. Basic loss per share from continuing operations was CNY 0.39 compared to basic earnings per share from continuing operations of CNY 0.24 a year ago. Diluted loss per share from continuing operations was CNY 0.39 compared to diluted earnings per share from continuing operations of CNY 0.24 a year ago.
Vanjee Technology Co Ltd is a company engaged in research, development and production of intelligent transportation products and provision of related services. The Company's product lines include dedicated short-range communications, dynamic weighing, laser inspection and system integration. The dedicated short-range communication series products include on board units (OBUs), roadside units (RSUs) and handheld issuers. The products are mainly used in electronic toll collection (ETC). The laser inspection series products mainly include single-beam laser radars, which are mainly used in traffic flow surveys, vehicle identification and classification, as well as vehicle contour size inspection. The dynamic weighing series products are used to detect the wheel load and axle load of moving vehicles, as well as the total mass of freight.