Midea Group recognized as a “lighthouse” in manufacturing by world economic forum’s global lighthouse network

The World Economic Forum released 10 new lighthouse factory members of its global lighthouse network, among which the Midea Group’s household air-conditioning factory located in Nansha, Guangzhou was selected. It is the first time Midea Group is selected to become a member of this esteemed network....

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Galanz to buy 61% stake of Whirlpool China

Whirlpool China had in hand a tender offer from Chinese home appliance maker Galanz for a partial acquisition, according to the announcement of the company made on August 23 2020. On August 26, it announced that, Galanz offered to buy 61% stake of it at CNY 5.23 apiece.

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Haier Smart Home's 2020 H1 results at a glance

On August 28 2020, Haier Smart Home, a subsidiary company under Haier Group, announced its 2020 interim results: In the first half of the year, Haier Smart Home obtained revenue of RMB95.7 billion; the net profit attributable to company amounted to RMB2.8 billion. In a bigger picture, the Company’s...

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Midea Group unveiled H1 report of 2020

Midea Group posted revenue of 139.7 billion RMB in H1 2020, down by 9.47% year-on-year, net profit attributable to shareholders 13.9 billion RMB, down by 8.29% year-on-year, and net profit after deducting non-recurring profit and loss 13.4 billion RMB, down by 7.55% year-on-year, according to the...

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Gree unveiled H1 report of 2020

Gree posted revenue of 70.602 billion RMB in H1 2020, down by 28.21% year-on-year, net profit 7.696 billion RMB, down by 53.11% year-on-year, net profit attributable to shareholders 6.362 billion RMB, down by 53.73% year-on-year, net profit after deducting non-recurring profit and loss 5.996 billion...

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