Revenue of Gree Electric Appliances up 41.3% YoY in H1 2022
Gree Electric Appliances posted revenue of 95.807 billion Yuan, up 41.3% YoY, and net profit attributable to the parent company 11.466 billion Yuan, up 21.25% YoY, according to the company’s half-year report released on August 31, 2022.
TCL Technology sees operating income rise 13.6% to $12b
Chinese consumer electronics giant TCL Technology Group Corp reported its operating income stood at 84.52 billion yuan ($12.2 billion) in the first half of 2022, an increase of 13.6 percent year-on-year.
Revenue of Skyworth Group up 7.6% YoY in H1 2022
Skyworth Group posted revenue of 24.284 billion Yuan, up 7.6% YoY, and net profit attributable to the parent company 0.339 billion Yuan, down 17.1% YoY, according to the company’s half-year report released on August 26, 2022. It is learned that the company’s revenue from its multimedia business...
Xiaomi saw revenue from smart large appliances up 25% YoY in Q2 2022
On August 19, Xiaomi Corporation announced its unaudited consolidated results for the three and six months ended June 30, 2022. During the reporting period, Xiaomi registered revenue of RMB70.2 billion. Adjusted net profit reached RMB2.1 billion.
The energy crunch and electricity price rise in Europe led to a rise of heat pump export from China
After the outbreak of the Russia-Ukraine conflict, Europe is increasingly urgent to realize the goal of energy independence and transformation, which drives up the export of heat pumps in China.
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