Vesync Co., Ltd Provides Earnings Guidance for the Year Ended December 31, 2020
February 10, 2021 at 03:50 am IST
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Vesync Co. Ltd. provided earnings guidance for the year ended December 31, 2020. For the year, the company expects to record an increase of approximately 600% to 900% in the profit attributable to owners of the parent for the year as compared to that for the year ended December 31, 2019.
Vesync Co., Ltd is an investment holding company. The Company is engaged in the small home appliance online market. The Company is principally engaged in research and development, manufacture and sale of smart household appliances and smart home devices. It primarily designs, develops and sells small home appliances under its three core brands, namely, Levoit for home environment appliances; Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products and personal care products; and Cosori for kitchen appliances and dining ware. Its products include Etekcity Smart WiFi Fitness Scale, Cosori Smart Air Fryer, and Levoit Cordless Stick Vacuum, among others. Its VeSync App enables users to achieve centralized control of smart home devices for the home automation experience. Its products are manufactured in the Peopleâs Republic of China (the PRC) and sold to customers in the United States, Canada, the United Kingdom, France, Germany, Spain, Italy, and Japan.