Industry News

Midea saw net profit up by nearly 20% in the first three quarters of 2019

Midea Group posted revenue of 220.918 billion Yuan, up by 7.37% year-on-year in the first three quarters of 2019, net profit of 21.316 billion Yuan, up by 19.08% year-on-year, and earnings per share 3.2 Yuan, according to the company’s report released on October 30, 2019. For the third quarter...

Revenue of TCL in the first three quarters down by 28.48%

TCL Group posted revenue of 58.8 billion Yuan, down by 28.48% year-on-year, net profit attributable to shareholders of the listed company 2.577 billion Yuan, up by 3.52% year-on-year, and net profit after deducting non-recurring profit and loss 0.503 billion Yuan, down by 68.44% year-on-year,...

Revenue and profit growth of Gree in the first three quarters slowed down

Gree posted revenue of 155.038 billion Yuan, up by 4.26% year-on-year, net profit attributable to shareholders of the listed company 22.117 billion Yuan, up by 4.73% year-on-year, net profit after deducting non-recurring profit and loss 21.565 billion Yuan, up by 1.03% year-on-year, and operating...

Hisense saw revenue of 8.539 billion Yuan in the third quarter of 2019

Hisense posted revenue of 8.539 billion Yuan, and net profit of 0.202 billion Yuan for the third quarter alone, with gross profit of main business up by 2.89%, according to the company’s report released on October 30, 2019.

Konka invests 1.5 bn Yuan to jointly establish a Micro LED company

Konka announces to invest 1.5 billion Yuan to establish a joint company that focuses on Micro LED development with Chongqing Liang Shan Investment Company on September 17, 2019. Konka put less than 2.55 billion Yuan into the joint company to allow it procure related machines to develop, manufacture ...