Vanjee Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 12, 2022 at 07:25 am EDT
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Vanjee Technology Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 312.96 million compared to CNY 415.45 million a year ago. Revenue was CNY 315.3 million compared to CNY 418.31 million a year ago. Net loss was CNY 83.29 million compared to net income of CNY 46.59 million a year ago. Basic loss per share from continuing operations was CNY 0.39 compared to basic earnings per share from continuing operations of CNY 0.24 a year ago. Diluted loss per share from continuing operations was CNY 0.39 compared to diluted earnings per share from continuing operations of CNY 0.24 a year ago.
Vanjee Technology Co Ltd is a China-based company principally engaged in the research, design, manufacture and distribution of dynamic weighing products and dedicated short-range communications (DSRC) products. Its dynamic weighing products include weight charge system, overloading detection system, high and low speed dynamic weighing system and portable weighing system, among others. Its DSRC products include on board units (OBU), road side units, as well as testing equipment of OBU. Its products are mainly applied in road communications and urban transportation. The Company also provides solutions of electronic toll collection system, weighing and laser. The Company mainly operates its business in domestic market, with east China as its principal market.