Chinese Air Con Firms Focus on Branding, Low-Tariff Plants in SE Asia to Hike Exports
Chinese makers of air conditioning equipment are increasing their emphasis on branding and accelerating the shift of production to Southeast Asia to avert hiked tariffs to stick to their market shares amid sluggish domestic growth.
Haier Smart Home makes growth in multiple businesses in 2023
Haier Smart Home released its performance report for 2023 on March 28, 2024. During the reporting period, the company posted revenue of 261.428 billion yuan, an increase of 7.3% year-on-year.
Hisense Home Appliances achieves record high revenue and net profit in 2023
Hisense Home Appliances released its annual report for 2023 on the evening of March 29, 2024. The report showed that the company achieved revenue of 85.6 billion yuan in 2023, an increase of 15.5% year-on-year.
TCL Electronics achieves double growth in performance in 2023
TCL Electronics announced its annual performance for 2023 on March 28, 2024. The financial report showed that TCL Electronics achieved revenue of HK$78.986 billion in 2023, an increase of 10.7% compared to HK$71.351 billion in the same period of 2022.
Midea Group achieves outstanding performance in overseas markets
Midea Group released its annual report for 2023 on March 27, 2024. In 2023, Midea achieved revenue of 373.7 billion yuan, an increase of 8% year-on-year; and net profit attributable to the parent company of 33.7 billion yuan, an increase of 14% year-on-year.
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