Net profit of Midea Group hit 20 billion Yuan milestone for the first time in 2018
Midea Group posted revenue of 261.82 billion Yuan, a year-on-year growth of 8.23%, net profit of 21.65 billion Yuan, a year-on-year growth of 16.33%, and net profit attributable to shareholders of the parent company 20.231 billion Yuan, a year-on-year growth of 17.05%, according to the company’s...
Read More →Net profit of Hisense slid in 2018
Hisense posted revenue of 36.02 billion Yuan, a year-on-year rise of 7.56% year-on-year, net profit attributable to shareholders of the parent company 1.377 billion Yuan, down by 31.75% year-on-year, according its annual report of 2018released on March 28 2019.
Read More →Aux unveils its Japan-based R&D center, starting a crucial step of going global
Based near the port of Kobe in Japan, Aux’s first overseas R&D center officially went into operation on March 26, 2019. Within Japan’s air conditioner industrial cluster, the newly founded center bears the strategic mission of the fast-growing company, which is, making Aux a global brand...
Haier posted global turnover of 266.1 billion Yuan in 2018
Haier posted global turnover of 266.1 billion Yuan, a year-on-year growth of 10%, and global pre-tax profit of 33.1 billion Yuan, a year-on-year growth of 10%, of which operating profit rose by 19% year-on-year and revenue from Haier’s eco systems grew by 75% year-on-year to reach 15.1 billion Yuan...
BOE Technology's Stock Slips After Profit Halved on Softening Display Demand
BOE Technology Group's shares slid after the world's biggest maker of display screens reported a 55 percent drop in profit last year because of a fall off in global demand.
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