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China's bicycle industry reports surging profits

2020-10-12 16:01

BEIJING, Oct. 11 (Xinhua) -- China's major bicycle manufacturers saw their profits surge 28.5 percent year on year in the first eight months of 2020, according to the Ministry of Industry and Information Technology (MIIT).

Bike makers with annual main-business revenue of more than 20 million yuan (about 2.95 million U.S. dollars) raked in 4.74 billion yuan in total profits from January to August.

Meanwhile, their total revenue rose 12.4 percent from a year earlier to 105.32 billion yuan, the MIIT data showed.

During the same period, makers of electric bikes reported total revenue of 58.09 billion yuan, up 23.4 percent year on year, with their profits surging 42.9 percent to 2.68 billion yuan, said the ministry.

 

北京,10月11日(新华社)——据工业和信息化部统计,中国主要的自行车制造商在2020年前8个月的利润同比激增28.5%。


从1月到8月,年主营业务收入超过2000万元(约295万美元)的自行车制造商获得了47.4亿元的总利润。


与此同时,工信部的数据显示,它们的总收入同比增长12.4%,达到1053.2亿元。


在同一时期,电动自行车制造商报告总收入580.9亿元,同比增长23.4%,利润增长42.9%,达到26.8亿元。

 

来自: xinhua