Synthesis Electronic Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 27, 2021 at 10:33 am EDT
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Synthesis Electronic Technology Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 375.594 million compared to CNY 470.389 million a year ago. Operating income was CNY 9.858 million compared to CNY 36.511 million a year ago. Net income was CNY 6.915 million compared to CNY 19.838 million a year ago. Basic earnings per share from continuing operations was CNY 0.0408 compared to CNY 0.1179 a year ago.
Synthesis Electronic Technology Co., Ltd., formerly Shandong Synthesis Electronic Technology Co., Ltd, is a China-based company engaged in development, manufacture and sales of smart identification terminals and industry application software. The Company's products include terminal products and system products. The terminal products include cards authentication terminals and industry solutions, compound authentication terminals for cards and biological features and industry solutions, multi-function terminals for identification and electric payment and industry solutions. The cards include identity cards, social insurance cards, bank cards, health certificates, residence permits, citizen metro cards. The biological features include finger print, facial form, iris, digital veins and others. The Company's system products comprise terminal equipment and industry application software in four industries of finance, public safety, communication and social insurance (life insurance).