TCL CSOT completes acquisition of LG Display's Guangzhou LCD factory
TCL China Star Optoelectronics Technology’s recent acquisition of South Korean display panel maker LG Display’s factory in Guangzhou not only marks the complete exit of South Korean companies from the Liquid Crystal Display TV panel market, but will also significantly expand Chinese LCD...
Midea Completes Acquisition of ARBONIA climate
On February 26, 2025, Midea Group announced the completion of its acquisition of ARBONIA climate, a division of ARBONIA AG, for an enterprise value of 760 million euros. This powerhouse collaboration will significantly strengthen Midea’s strategic deployment across Europe.
Haier Smart Home Achieves Revenue and Net Profit Growth in 2024
On March 27, Haier Smart Home released its 2024 annual report. According to the report, the company achieved revenue of RMB 285.981 billion in 2024, a year-on-year increase of 4.29%. Net profit attributable to shareholders reached RMB 18.741 billion, up 12.92% year-on-year. Overseas revenue was RMB ...
Midea Group’s 2024 Revenue Surpasses RMB 400 Billion, Setting New Record
On March 29, Midea Group released its 2024 annual report. The report shows that Midea's revenue in 2024 was RMB 407.150 billion, a year-on-year increase of 9.44%. Net profit attributable to shareholders was RMB 38.537 billion, up 14.29% year-on-year.
Changhong Meiling Reports 17.32% Year-on-Year Revenue Growth in 2024
On April 3, Changhong Meiling released its 2024 annual report. In 2024, the company achieved revenue of RMB 28.601 billion, up 17.32% year-on-year. Net profit attributable to shareholders was RMB 699 million, down 4.97%.
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