Bafang Electric Suzhou Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 04:56 am EDT
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Bafang Electric Suzhou Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 969.638 million compared to CNY 879.962 million a year ago. Operating income was CNY 357.922 million compared to CNY 280.999 million a year ago. Net income was CNY 306.263 million compared to CNY 239.151 million a year ago. Basic earnings per share from continuing operations was CNY 2.55 compared to CNY 2.66 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. 
