Bafang Electric Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 05:03 am EDT
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Bafang Electric (Suzhou) Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,898.3 million compared to CNY 969.64 million a year ago. Revenue was CNY 1,898.3 million compared to CNY 969.64 million a year ago. Net income was CNY 434.04 million compared to CNY 306.26 million a year ago. Basic earnings per share from continuing operations was CNY 3.61 compared to CNY 2.55 a year ago. Diluted earnings per share from continuing operations was CNY 3.61 compared to CNY 2.55 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.