Industry News

TCL Electronics posted revenue of 74.85 billion HKD for 2021

TCL Electronics posted revenue of 74.85 billion HKD for 2021, up 46.9% YoY, according to the annual report the company released on March 11 2022. It is learned that its net profit attributable to the parent company fell slightly to 1.18 billion HKD under the influence of rising raw material costs,...

Haier expands production with two new factories in Turkey

Haier Smart Home increases its investment overseas with two new factories built in Turkey, after the opening of its overseas factories in India, Romania and Russia, according to the announcement of the company made on October 25 2021.

Revenue of Haier Smart Home up by 10.1% YoY for the first three quarters of 2021

Haier Smart Home unveiled its performance report for the first three quarters of 2021 on October 29, 2021. According to the report, the company posted revenue of 169.96 billion Yuan for the first three quarters, up by 10.1% year over year, net profit attributable to the parent company 9.93 billion...

Revenue of Midea for Q3 2021 up by 12.66% YoY

Midea Group released its performance report for Q3 on October 29 2021. According to the report, the company posted revenue of 87.532 billion Yuan for Q3, up by 12.66% year over year, net profit attributable to the parent company 8.446 billion Yuan, up by 4.4% year over year, and net profit...

Revenue of Hisense Home Appliances for the first three quarters of 2021 up by 43.6% YoY

Hisense Home Appliances unveiled its performance report for the first three quarters of 2021 on October 28 2021. According to it, the company’s revenue for the first three quarters came to 50.067 billion Yuan, up by 43.60% year over year, of which revenue for Q3 alone stood at 17.643 billion Yuan, ...