Bafang Electric Suzhou Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 03:34 pm IST
Share
Bafang Electric Suzhou Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 526.995 million compared to CNY 249.281 million a year ago. Operating income was CNY 175.532 million compared to CNY 83.546 million a year ago. Net income was CNY 150.261 million compared to CNY 71.257 million a year ago. Basic earnings per share from continuing operations was CNY 1.25 compared to CNY 0.59 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. 
