Shenzhen Genvict Technologies Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 24, 2021 at 04:02 am EDT
Share
Shenzhen Genvict Technologies Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 237.54 million compared to CNY 1,172.13 million a year ago. Revenue was CNY 237.54 million compared to CNY 1,172.13 million a year ago. Net loss was CNY 82.43 million compared to net income of CNY 510.22 million a year ago. Basic loss per share from continuing operations was CNY 0.46 compared to basic earnings per share from continuing operations of CNY 2.89 a year ago. Diluted loss per share from continuing operations was CNY 0.46 compared to diluted earnings per share from continuing operations of CNY 2.86 a year ago.
Shenzhen Genvict Technologies Co., Ltd. is a China-based company principally engaged in the provision of core equipment and solutions for intelligent transportation and Internet of things (IOT). The Company's main products include highway electronic toll collection (ETC) products, path identification products, multi-lane free flow ETC products, vehicle infrastructure cooperative systems, smart parking products and radio frequency identification (RFID)-based IoT identification products. The Companyâs products are mainly applied to intelligent transportation and travel areas such as highways, urban transportation and vehicle management. The Company operates its businesses within the domestic market and to overseas markets.