Shenzhen Increase Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 28, 2019 at 01:24 pm
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Shenzhen Increase Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 56.429 million compared to CNY 45.259 million a year ago. Operating loss was CNY 4.753 million compared to operating Income of CNY 14.980 million a year ago. Net income was CNY 410,252.17 compared to CNY 14.470 million a year ago. Basic earnings per share from continuing operations was CNY 0.0043 compared to CNY 0.1513 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.