Shenzhen Neoway Technology Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 06:11 am EDT
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Shenzhen Neoway Technology Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 684.8 million compared to CNY 432.01 million a year ago. Revenue was CNY 684.8 million compared to CNY 432.01 million a year ago. Net loss was CNY 10.31 million compared to CNY 41.36 million a year ago. Basic loss per share from continuing operations was CNY 0.11 compared to CNY 0.46 a year ago. Diluted loss per share from continuing operations was CNY 0.11 compared to CNY 0.46 a year ago.
Shenzhen Neoway Technology Co., Ltd. is a China-based provider of Internet of Things (IoT) access communications products and services. The Company is mainly engaged in the research and development, production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The IoT wireless communication modules are the core components for connecting network of intelligent connected terminal products. It enables all types of intelligent connected terminal products to have the ability to access IoT and realize remote monitoring, control, optimization and automatic operation. The IoT wireless communication terminal products mainly include N2810 and N2860. The IoT wireless communication solutions provide customers with cloud-pipe-end combination communication-related solutions. The Company operates its businesses primarily in Mainland China.