Bafang Electric Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 26, 2021 at 03:57 pm IST
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Bafang Electric (Suzhou) Co.,Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,231.791 million compared to CNY 574.293 million a year ago. Operating income was CNY 363.072 million compared to CNY 210.481 million a year ago. Net income was CNY 309.455 million compared to CNY 180.616 million a year ago. Basic earnings per share from continuing operations was CNY 2.57 compared to CNY 1.51 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. 
