Shenzhen Neoway Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 11:10 am
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Shenzhen Neoway Technology Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 131.076 million compared to CNY 114.714 million a year ago. Operating loss was CNY 28.000 million compared to CNY 10.497 million a year ago. Net loss was CNY 23.923 million compared to CNY 9.633 million a year ago. Basic loss per share from continuing operations was CNY 0.26 compared to CNY 0.11 a year ago.
Shenzhen Neoway Technology Co., Ltd. is a China-based provider of Internet of Things (IoT) access communications products and services. The Company is mainly engaged in the research and development, production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The IoT wireless communication modules are the core components for connecting network of intelligent connected terminal products. It enables all types of intelligent connected terminal products to have the ability to access IoT and realize remote monitoring, control, optimization and automatic operation. The IoT wireless communication terminal products mainly include N2810 and N2860. The IoT wireless communication solutions provide customers with cloud-pipe-end combination communication-related solutions. The Company operates its businesses primarily in Mainland China.