More home appliance makers enter chip sector
Chinese home appliance manufacturers have accelerated their push into the chip sector, as part of a broader drive to ensure the safety and stability of supply chains and reduce their dependence on foreign chip companies, industry experts said.
Net profit of Haier Smart Home up 15.9% YoY in H1 2022
Haier Smart Home posted revenue of 121.86 billion Yuan, up 9.1% YoY, net profit attributable to the parent company 7.95 billion Yuan, up 15.9% YoY, and net profit after deducting non-recurring profit or loss attributable to the parent company 7.49 billion Yuan, up 19.5% YoY, according to the company...
Revenue of Midea Group exceeded 180 billion Yuan in H1 2022
Midea Group posted revenue of 183.7 billion Yuan in H1 2022, up 5% YoY, and net profit attributable to the parent company 16 billion Yuan, up 6.6% YoY, according to the half-year report of the company released on August 30, 2022. It is learned that the company’s B2B business soared with business of...
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.
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