Midea Group Reports a Record-Breaking RMB 20 Billion in H1 Profits
Midea Group has achieved a historic financial milestone, with revenue surpassing RMB 100 billion for two consecutive quarters and reaching a remarkable RMB 218.1 billion in the first half of 2024. This represents a 10% year-over-year increase, with profits jumping to RMB 20.8 billion, reflecting a 1...
TCL Smart Home Appliances posted revenue of RMB 8.962 billion for H1 2024
On August 7, TCL Smart Home Appliances, formerly known as Guangdong Homa Group Co., Ltd., posted revenue of RMB 8.962 billion, up 24.74% YoY, net profit attributable to shareholders of the listed company RMB 559 million, up 32.65% YoY, and earnings per share RMB 0.5159, up 32.66% YoY.
JD.com Announces Second Quarter and Interim 2024 Results
JD.com, Inc., a leading supply chain-based technology and service provider, today announced its unaudited financial results for the three and six months ended June 30, 2024.
Xiaomi posts revenue of RMB88.9 bn for Q2 2024
Xiaomi released its Q2 2024 financial report on August 21, 2024. In the second quarter of 2024, Xiaomi’s total revenue was 88.9 billion yuan, a year-on-year increase of 32.0%; the adjusted net profit reached 6.2 billion yuan, up by 20.1% year-on-year. Among these, the performance of the smart major...
Haier Smart Home Intends to Acquire Electrolux South Africa's Water Heater Business
On 18th July 2024, Haier Smart Home entered into the transaction with Electrolux Group in Sweden to acquire 100% equity interest in Electrolux South Africa Proprietary Limited ("ESA"), its subsidiary engaging in water heater business in South Africa.
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