Bafang Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 11:39 am
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Bafang Electric (Suzhou) Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 761.75 million compared to CNY 527 million a year ago. Revenue was CNY 761.75 million compared to CNY 527 million a year ago. Net income was CNY 179.56 million compared to CNY 150.26 million a year ago. Basic earnings per share from continuing operations was CNY 1.49 compared to CNY 1.25 a year ago. Diluted earnings per share from continuing operations was CNY 1.49 compared to CNY 1.25 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.