BAF Co., Ltd. (603489): The company's performance meets expectations, and its leading position in the industry remains solid.

Event: Recently, the company released its 2025 annual report and the first-quarter report for 2026. In 2025, the company achieved revenue of 1.337 billion yuan, a year-on-year decrease of 1.47%; net profit attributable to shareholders reached 103 million yuan, marking a year-on-year increase of 61%.

Western SecuritiesMay 8 15:47

Bafang Co., Ltd. (603489): Recovery in overseas e-bike demand expected to drive steady improvement in company performance.

The financial results for 2025 and the first quarter of 2026 are in line with our expectations. The company reported its 2025 and 1Q26 performance: revenue for 2025 was RMB 1.337 billion, representing a year-on-year decrease of 1.5%; net profit attributable to shareholders was RMB 103 million, corresponding to earnings per share of...

CICCApr 30 19:31

Bafang Co., Ltd. reported a 107.43% increase in its 2025 non-GAAP net profit to RMB 85.6046 million, driven primarily by the decline in credit impairment and reduced expenses.

In 2025, the company's revenue slightly decreased by 1.47% to RMB 1.337 billion, while the net profit attributable to shareholders surged by 61.04% to RMB 103 million. The non-recurring net profit increased even more significantly by 107.43%, primarily due to a sharp reduction in credit impairment losses and cost containment. The high profit growth was partially driven by a low base effect and non-recurring gains. However, operating cash flow declined by 14.45% year-on-year, indicating structural differences in profit quality. The business remains focused on e-bikes and integrated wheel motors, with domestic revenue accounting for 78.95% of total income.

lanjinger.comApr 29 17:02

Bafang Co., Ltd.: Summary of the 2025 Annual Report

SZSIApr 29 00:00 · Announcements

Bafang Co., Ltd.: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements

Bafang Co., Ltd.: 2025 Annual Report

SZSIApr 29 00:00 · Announcements