App

China's bicycle industry reports rapid profit growth
Updated: October 30, 2021 13:58 Xinhua

BEIJING — China's major bicycle manufacturers saw their profits surge 46.4 percent year-on-year in the first eight months of 2021, according to the Ministry of Industry and Information Technology (MIIT).

Bike makers with annual main business revenue of more than 20 million yuan (about $3.13 million) raked in 7.16 billion yuan in total profits from January to August.

Their total revenue rose 30.6 percent from a year earlier to 145.16 billion yuan, the MIIT data showed.

During the same period, electric bike manufacturers reported total revenue of 75.03 billion yuan, up 23.9 percent year-on-year, with their profits increasing 28.6 percent to 3.46 billion yuan, said the ministry.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218