Hangzhou Freely Communication Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 01:00 pm EDT
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Hangzhou Freely Communication Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 864.752 million compared to CNY 583.727 million a year ago. Operating income was CNY 34.983 million compared to CNY 46.966 million a year ago. Net income was CNY 38.505 million compared to CNY 44.522 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.28 a year ago.
Hangzhou Freely Communication Co Ltd is a company mainly engaged in construction of communication networks. The Company operates three businesses. The communication network technology service business provides the clients with communication network construction and maintenance services, including communication equipment installation engineering services, indoor distribution system services, daily maintenance of communication networks and fault repair services. The research, development and sales of communication products and supporting products business is engaged in production of mobile communication base station equipment and new energy batteries. The communication product operation business mainly provides integrated mobile office solutions for telecom operators, enterprises and institutions.
HANGZHOU FREELY COMMUNICATION CO., LTD. 
