Bafang Electric(Suzhou) (603489.SH): Established partnerships with many clients, including Xidesheng, Fujifilm Holdings Corporation Unsponsored ADR, Aima, Tailg, and Ninebot.
On February 19, Glonghui reported that Bafang Electric(Suzhou) (603489.SH) indicated on the investor interaction platform that the company is deeply engaged in the electric two-wheeler electrical systems Industry, having established cooperative relationships with numerous clients, including Xidesheng, Fujifilm Holdings Corporation Unsponsored ADR, Aima, Tailin, and Ninebot, among others. The company is currently focused on the electric two-wheeler Industry and remains Bullish about future development prospects.
Bafang Electric(Suzhou) (603489.SH): In terms of the current form and function of the company's Sensors products, they do not meet the conditions for application in the Siasun Robot&Automation field.
Gelonghui reported on February 11 that Bafang Electric(Suzhou) (603489.SH) stated on the investor interaction platform that the company is well aware of the tremendous potential of the Siasun Robot&Automation Industry and continues to pay attention to its development trends and opportunities. However, regarding the current form and function of the company's Sensors products, they are not yet suitable for application in the robot field.
2024 Annual Results Forecast
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%.
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.
Express News | Bafang Electric(Suzhou): The company has not yet laid out its business in humanoid robot and automation.
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.
Bafang shares: report for the third quarter of 2024
Third Quarter Report 2024
2024 Semi-Annual Report
2024 Semi-Annual Report Summary
Express News | Bafang Electric(Suzhou): Net income in the first half of the year decreased by 51.48% year-on-year.
Bafang Electric(Suzhou) (603489.SH): The net income in the first half of the year was 50.65 million yuan, a year-on-year decrease of 51.48%.
On August 28th, BaFang Electric (Suzhou) (603489.SH) released its semi-annual report, with revenue of 0.682 billion yuan, a year-on-year decrease of 25.23%, net income of 50.65 million yuan, a year-on-year decrease of 51.48%, non-GAAP net income of 46.51 million yuan, a year-on-year decrease of 49.53%, and basic earnings per share of 0.22 yuan.
Bafang Electric(Suzhou) (603489): The gradual digestion of channel inventory, the improvement of profitability can be expected.
Event: On August 21, the company stated in the investor Q&A session: "As channel inventory gradually diminishes, overall inventory levels will return to normal." Comment: Since 2023, due to high industry inventory and slowing end-market demand, the company's
Bafang Electric (603489.SH): DJI is currently a non-company customer
Bafang Electric(Suzhou) (603489.SH) stated on the investor interaction platform that DJI is currently not a customer of the company.
Bafang Electric (Suzhou) (603489.SH): Electric motorcycle drive system products have been shipped in sample and small batch orders since 2023.
Bafang Electric (Suzhou) (603489.SH) stated on the investor interaction platform on July 12 that the company's electric motorcycle drive system products have been shipped in samples and small batch orders since 2023. The company will continue to pay attention to customer feedback, increase research and development investment, continue to improve technology, strengthen quality management, and strive to provide high-quality products that are closer to consumer demand for the market.
Express News | Bafang Electric(Suzhou): Shareholder He Xianbing's shareholding plan has been adjusted to 4.7 million shares.
2024 Interim Performance Forecast
Bafang Electric(Suzhou)(603489.SH): Net income in the first half of the year is expected to decrease by 40.61% to 52.10% year-on-year.
On July 9th, Gelunhui reported that Bafang Electric (Suzhou) (603489.SH) released its 2024 half-year financial results. According to preliminary calculations by the finance department, the company's net income attributable to shareholders of the listed company is expected to be between 50 million yuan and 62 million yuan in the first half of 2024, a decrease of 42.3937 million yuan to 54.3937 million yuan compared to the same period last year, a year-on-year decrease of 40.61% to 52.10%. The company expects a net income attributable to shareholders of the listed company, excluding non-recurring gains and losses, of 47 million yuan to 59 million yuan for the first half of 2024, a decrease of 3,316 million yuan from the same period last year.
Bafang Electric(Suzhou)(603489.SH): Currently, there is no relevant business cooperation with technology giants such as Huawei and Xiaomi.
On July 5th, Gelunhui reported that there was an investor who asked Bafang Electric (Suzhou) on the investor interaction platform whether the company intends to or has cooperated with other technology giants such as Huawei and Xiaomi to develop smart cycling ecology. The company replied that it looks forward to cooperating with outstanding partners from all sides. Currently, there are no related business dealings with Huawei and Xiaomi and other technology giants.