Shenzhen Friendcom Technology Development Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 21, 2020 at 05:56 am EDT
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Shenzhen Friendcom Technology Development Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 308.121 million compared to CNY 268.598 million a year ago. Operating income was CNY 20.660 million compared to CNY 10.706 million a year ago. Net income was CNY 15.553 million compared to CNY 9.587 million a year ago. Basic earnings per share from continuing operations was CNY 0.0778 compared to CNY 0.0479 a year ago.
Shenzhen Friendcom Technology Development Co., Ltd. is a China-based company principally involved in the research, development, manufacture and sales of wireless products, as well as the provision of maintenance and operation services. The Company operates its businesses through two main segments. The Wireless Networks segment is mainly engaged in the research, development, manufacture and sales of wireless sensor network modules. The Electric Power Terminals segment is mainly engaged in the assembling electric power terminal products, which are comprised of concentrators, collectors and data acquire terminals of special transformers, from wireless network products. The Companyâs electric information acquire systems are mainly applied in the construction of national smart grids.