Consumer Discretionary Oct 28, 2020 06:19 PM (GMT+8) · EqualOcean
Bear Electric disclosed its three-quarter report. In the first three quarters, it achieved an operating income of CNY 2.50 billion, a year-on-year increase of 45.14%. The net profit attributable to shareholders of listed companies was CNY 320 million, a year-on-year increase of 92.04%. Among them, net profit in the third quarter was CNY 67.75 million, a year-on-year increase of 69.99%. Bear Electric is known for its low prices. From the perspective of major categories, the average price of small kitchen appliances, small household appliances and other small appliances is less than CNY 100.