2024 Annual Results Forecast

SZSIJan 18 00:00 · Announcements

Bafang Electric(Suzhou) (603489.SH): The net income for 2024 is expected to decrease by 49.16% to 60.89%.

Gelonghui, January 17 - Bafang Electric(Suzhou) (603489.SH) announced its annual performance forecast for 2024. The company expects to achieve a Net income attributable to the shareholders of the listed company between 50 million yuan and 65 million yuan, a year-on-year decrease of 49.16% to 60.89%. The company expects to achieve a Net income attributable to the shareholders of the listed company, after deducting non-recurring gains and losses, between 30 million yuan and 45 million yuan, a year-on-year decrease of 57.93% to 71.95%.

Gelonghui FinanceJan 17 18:07

Bafang Electric(Suzhou) (603489): The domestic leader in electric bicycle Electric Machine, facing short-term pressure from channel destocking.

Investment highlights: The leading supplier of Electric Machine for domestic electric bicycles faces short-term performance pressure. The company is the largest supplier of Electric Machine for electric bicycles in the domestic market, with 20 years of focus in the electric bicycle field and a mature Global layout mainly targeting the European and American markets. In the first three quarters of 2024, revenue is 10.

SoochowJan 2 12:57

Express News | Bafang Electric(Suzhou): The company has not yet laid out its business in humanoid robot and automation.

BreakingsNov 6, 2024 17:13

bafang electric(suzhou) (603489): Performance lower than expected, waiting for inventory digestion

Performance in 1-3Q24 is lower than our expectations. The company announced the performance in 1-3Q24: revenue of 1.013 billion yuan, -24.9% year-on-year, with a single quarter revenue of 0.331 billion yuan in 3Q, -24.2% year-on-year, -24.2% quarter-on-quarter.

China International Capital CorporationNov 3, 2024 08:42

Bafang shares: report for the third quarter of 2024

SZSIOct 31, 2024 00:00 · Announcements