Industry News

Net profit of Gree Electric Appliances for H1 up 10.52% YoY

Gree Electric Appliances posted revenue of 99.237 billion Yuan for H1 2023, up 4.22% YoY, net profit 12.673 billion Yuan, up 10.52% YoY, and the basic earnings per share 2.26 Yuan, according to the H1 report of Gree Electric Appliances released on the evening of August 30, 2023.

Net profit of Hisense Home Appliances for H1 up 141.45% YoY

Hisense Home Appliances posted revenue of around 42.944 billion Yuan for H1 2023, up 12.1% YoY, net profit attributable to shareholders of the listed company around 1.498 billion Yuan, up 141.45% YoY, and the basic earnings per share 1.09 Yuan, up 136.96% YoY, according to the H1 report of Hisense...

TCL Electronics stepped up innovative business including photovoltaics in H1

TCL Electronics posted revenue of 34.916 billion HKD for H1 2023, up 3.7% YoY, and net profit attributable to shareholders of the parent company 264 million HKD, up 5.7% YoY, according to the H1 report of TCL Electronics released on August 25, 2023.

Appliance makers upbeat on high-end overseas market

Despite globally weakening demand for consumer electronics, Chinese home appliance makers have seen robust sales growth in Europe and have expanded efforts to foray into the photovoltaic sector to seek new sources of revenue, industry experts said.

Chinese firms of consumer electronics target higher-end overseas market

According to the IFA's official website, nearly 1,300 Chinese exhibitors have registered for this year's event. Chinese companies such as Hisense, TCL and Haier have occupied some of the largest exhibit areas with various products...