Panel Makers Panic as LCD Prices Sink to Record Lows

TV panel makers that were still in full swing from the end of last year to the start of this year are now facing severe challenges. The price of their products has plunged or closed to the historical lowest point of the last wave of price decline in 2016. Prices are set to keep dropping in June to...

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Haier to invest 5 billion yuan in Wuxi IoT base

Haier Group, China's consumer electronics and home appliances giant, signed an agreement to build its internet of things (IoT) base in Wuxi National Hi-tech district on May 10 in the presence of Lou Qinjian, Party secretary of Jiangsu province.

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Huayi steps up application of R290-based compressors in light commercial refrigeration

At the past China Refrigeration Show 2018, Huayi showcased its NUS series of R290-based compressors for light commercial refrigeration, which outdistanced other products on the market with a COP up to 1.9, approaching the highest of household refrigeration at 2.09. Not long after the show, China...

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Qingdao Haier releases its 2017 Annual Report

According to Qingdao-based Haier’s 2017 Annual Report freshly released on April 3rd, Haier posted revenue of 159.254 billion RMB, a year-on-year rise of 33.68%, with profit up by 28.77% year-on-year to register 10.544 billion RMB. Net profit attributable to shareholders of the parent company came...

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Midea's preliminary transformation results in 51% increase in total revenue

According to Midea Group’s 2017 Annual Report, it achieved total revenue of RMB241.92 billion, up 51.35% compared to 2016; net profit of RMB18.61 billion, representing a year-on-year increase of 17.33%; net profit attributable to shareholders of the company of RMB17.28 billion, growing 17.70%...

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