Synthesis Electronic Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 08:10 am EDT
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Synthesis Electronic Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 258.933 million compared to CNY 321.697 million a year ago. Operating loss was CNY 777,568.09 compared to operating Income of CNY 20.279 million a year ago. Net income was CNY 1.578 million compared to CNY 12.184 million a year ago. Basic earnings per share from continuing operations was CNY 0.0093 compared to CNY 0.0726 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 Companyâs 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 Companyâs system products comprise terminal equipment and industry application software in four industries of finance, public safety, communication and social insurance (life insurance).
SYNTHESIS ELECTRONIC TECHNOLOGY CO.,LTD. 
