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 primarily engaged in research and development, manufacturing, sales and technical service of electric bike motors and supporting electrical systems. The Company's main products include mid motors, rear motors, front motors, gear hubs, batteries, human machine interface (HMI) and other products, applied to mountain bikes, road bikes, city bikes and other categories of electric bikes. The Companyâs in-wheel motors products can be used in electric wheelchairs, electric scooters, garden mowers and other fields after modification. The Company conducts its business in the domestic and overseas markets.