Net profit of Midea Group hit 20 billion Yuan milestone for the first time in 2018

Midea Group posted revenue of 261.82 billion Yuan, a year-on-year growth of 8.23%, net profit of 21.65 billion Yuan, a year-on-year growth of 16.33%, and net profit attributable to shareholders of the parent company 20.231 billion Yuan, a year-on-year growth of 17.05%, according to the company’s...

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Net profit of Hisense slid in 2018

Hisense posted revenue of 36.02 billion Yuan, a year-on-year rise of 7.56% year-on-year, net profit attributable to shareholders of the parent company 1.377 billion Yuan, down by 31.75% year-on-year, according its annual report of 2018released on March 28 2019.

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Aux unveils its Japan-based R&D center, starting a crucial step of going global

Based near the port of Kobe in Japan, Aux’s first overseas R&D center officially went into operation on March 26, 2019. Within Japan’s air conditioner industrial cluster, the newly founded center bears the strategic mission of the fast-growing company, which is, making Aux a global brand...

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Haier posted global turnover of 266.1 billion Yuan in 2018

Haier posted global turnover of 266.1 billion Yuan, a year-on-year growth of 10%, and global pre-tax profit of 33.1 billion Yuan, a year-on-year growth of 10%, of which operating profit rose by 19% year-on-year and revenue from Haier’s eco systems grew by 75% year-on-year to reach 15.1 billion Yuan...

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BOE Technology's Stock Slips After Profit Halved on Softening Display Demand

BOE Technology Group's shares slid after the world's biggest maker of display screens reported a 55 percent drop in profit last year because of a fall off in global demand.

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