Veken Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 04:38 am EDT
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Veken Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,050.835 million compared to CNY 1,039.331 million a year ago. Operating income was CNY 49.139 million compared to operating loss of CNY 54.462 million a year ago. Net income was CNY 42.413 million compared to net loss of CNY 46.931 million a year ago. Basic earnings per share from continuing operations was CNY 0.1008 compared to basic loss per share from continuing operations of CNY 0.1098 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. 
