Veken Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 12, 2021 at 09:13 am
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Veken Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,744.979 million compared to CNY 1,645.001 million a year ago. Operating income was CNY 47.563 million compared to operating loss of CNY 66.578 million a year ago. Net income was CNY 49.142 million compared to net loss of CNY 64.080 million a year ago. Basic earnings per share from continuing operations was CNY 0.1206 compared to basic loss per share from continuing operations of CNY 0.152 a year ago. Diluted earnings per share from continuing operations was CNY 0.1168 compared to diluted loss per share from continuing operations of CNY 0.152 a year ago.
Veken Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of lithium-ion batteries. The Company's consumer electronics products include pure manganese batteries, ternary batteries, ternary manganese-added batteries, ternary cobalt-added batteries, and pure cobalt batteries, which are mainly used in smartphones, laptops, power banks, smart homes, and drones. The Company's small power battery products include lithium iron phosphate batteries and ternary batteries, which are mainly used in electric two-wheeled vehicles, power tools and other fields. The Company distributes its products within the domestic market and to overseas markets.
VEKEN TECHNOLOGY CO., LTD. 
