Bafang Electric Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 03:41 pm IST
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Bafang Electric (Suzhou) Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,397.194 million compared to CNY 1,196.645 million a year ago. Operating income was CNY 468.296 million compared to CNY 375.184 million a year ago. Net income was CNY 402.294 million compared to CNY 323.848 million a year ago. Basic earnings per share from continuing operations was CNY 3.35 compared to CNY 3.5 a year ago.
Bafang Electric (Suzhou) Co., Ltd. is a China-based company mainly engaged in research, development, manufacture, sales and technical service of electric treadmill motors and supporting electrical systems. The Company's products are mainly used in electric treadmills, and can also provide electrical system adaptation solutions for different types of electric treadmills such as mountain bikes, road bikes, and urban (leisure, travel) vehicles. The Company operates its businesses in both domestic and overseas markets.
BAFANG ELECTRIC (SUZHOU) CO.,LTD. 
