Bafang Electric Suzhou Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 10:57 am
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Bafang Electric Suzhou Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 574.293 million compared to CNY 601.847 million a year ago. Operating income was CNY 210.481 million compared to CNY 191.802 million a year ago. Net income was CNY 180.616 million compared to CNY 163.329 million a year ago. Basic earnings per share from continuing operations was CNY 1.51 compared to CNY 1.81 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. 
