Net profit of Hisense Home Appliances up 131.11% YoY
Hisense Home Appliances posted revenue of 19.43 billion Yuan for Q1 2023, up 6.16% YoY, and net profit 0.615 billion Yuan, up 131.11% YoY, according to the company’s Q1 financial report released on April 27, 2023.
TCL focuses on Brazilian appliance, PV markets
Chinese consumer electronics maker TCL Technology Group Corp said it will continue to invest in Brazil and ramp up its localized operations, with a key focus on home appliances and photovoltaics, as part of a broader push to expand its footprint overseas.
Changhong’s Shares Jump After Consumer Electronics Maker Embraces iFlytek’s AI for New TV App
Changhong Electric’s stock rose after the home appliance maker said it will release a smart television application compatible with Chinese tech giant iFlytek’s artificial intelligence cognition model.
Deerma listed on GEM of Shenzhen Stock Exchange
Deerma went public on GEM of Shenzhen Stock Exchange on May 18, 2023. The milestone will contribute to the company’s leading position in innovative home appliance market and its global expansion. Currently, there are two brands-Deerma and Philips under its umbrella, with Deerma for portable...
Home appliance players tapping healthcare market
Major Chinese home appliance manufacturers are ratcheting up efforts to make forays into the healthcare segment, in a bid to seek new sources of revenue amid sluggish growth in the country's household appliance industry.
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