Industry News

GMCC obtained the ISI Certification, a pass to Indian market

GMCC obtained India’s ISI certification for compressors on February 11 2019, becoming the first recognized compressor manufacturer outside the country. This not only signals India’s official recognition of GMCC’s products and technology, but also a pass to Indian market, as we learn from GMCC...

In India, Haier's localized air conditioners, refrigerators win consumer hearts

After 15 years of operations in India, the Chinese giant recently held the groundbreaking ceremony of its second industrial park in India, which is expected to be the biggest ever in the country, in Greater Noida in northern state of Uttar Pradesh...

China's home appliances giant Midea profit up 16.6 pct in Q1

Midea Group, a leading home appliances maker in China, has reported a net profit growth of 16.6 percent year-on-year in the first quarter of 2019, according to its financial statement released April 29...

Gree’s revenue exceeded 200 billion Yuan in 2018

According to Gree’s annual report of 2018 freshly released on April 28 2019, the company posted revenue of 200.024 billion Yuan, a year-on-year growth of 33.33% year-on-year, with net profit attributable to shareholders of the parent company up by 16.97% year-on-year to 26.203 billion Yuan.

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...