AUCMA to Build Smart Refrigerator Manufacturing Plant in Indonesia with Annual Capacity of 500,000 Units
AUCMA has announced its plan to build a smart manufacturing plant for refrigerators in Indonesia, with an annual production capacity of 500,000 units. The total investment for the project is approximately RMB 360 million. The project will be constructed in two phases.
Gree Electric Saw Net Profit Up 10.9% Year-on-Year in 2024
On April 27, Gree Electric announced its financial results for 2024. The company reported an annual revenue of RMB 189.164 billion, representing a year-on-year decline of 7.26%. However, net profit attributable to shareholders of the listed company reached RMB 32.185 billion, marking a 10.91% year...
ECOVACS Achieves Revenue and Net Profit Growth in 2024
On April 26, ECOVACS released its 2024 annual report. According to the report, ECOVACS achieved revenue of RMB 16.542 billion in 2024, representing a year-on-year (YoY) growth of 6.71%. Net profit attributable to shareholders of the listed company reached RMB 806 million, marking a YoY increase of ...
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.
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