Veken Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 06:02 am EDT
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Veken Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 431.477 million compared to CNY 199.637 million a year ago. Operating income was CNY 2.969 million compared to operating loss of CNY 17.682 million a year ago. Net income was CNY 2.470 million compared to net loss of CNY 16.254 million a year ago. Basic earnings per share from continuing operations was CNY 0.0059 compared to basic loss per share from continuing operations of CNY 0.0386 a year ago.
Veken Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of lithium-ion batteries. The Company's consumer electronics products include pure manganese batteries, ternary batteries, ternary manganese-added batteries, ternary cobalt-added batteries, and pure cobalt batteries, which are mainly used in smartphones, laptops, power banks, smart homes, and drones. The Company's small power battery products include lithium iron phosphate batteries and ternary batteries, which are mainly used in electric two-wheeled vehicles, power tools and other fields. The Company distributes its products within the domestic market and to overseas markets.
VEKEN TECHNOLOGY CO., LTD. 