Chinese companies showcase economic strength, leadership, technology at IFA
Chinese companies are showcasing their economic strength, leadership and technology at IFA 2017, the world's leading trade show for consumer electronics and home appliances, the organizer said on Sunday. Over 700 exhibitors and brands from China have taken part in IFA 2017, more than one third of...
Sales Growth, New Income Sources Drive Midea's First-Half Revenue to USD18.65 Billion
Midea Group Co. said yesterday in its semi-annual report that its revenue and net profit rose 60 percent and 14 percent, respectively, in the first half on sales growth and the addition of income sources. The company's revenue was USD18.65 billion (CNY124.96 billion) in the period, and its net...
Gree Electric Appliances Posts Over 40% Revenue, Net Profit Growth in First Half
Leading Chinese home appliance company Gree Electric Appliances, Inc. has reported a 40 percent annual rise in operating income to USD10.61 billion (CNY70.02 billion) in the first half of the year. Net profit soared 48 percent to USD1.43 billion (CNY9.45 billion).
Zhejiang Supor to Acquire China Business of Germany's WMF Brand from Parent Company
Zhejiang Supor Co., Ltd. is to acquire the China business of WMF, a small household appliance brand in Germany, from its controlling shareholder. The company intended to spend self-owned funds buying WMF's consumer products business of the Chinese market, mainly regarding the inventories (kitchen...
Gome Posts First-Half Net Profit of USD18.44 Million, Using Its App to Boost Retail Business
Chinese electrical appliance retailer Gome Retail Holdings Ltd., formerly Gome Electrical Appliances Holding Ltd., posted a net-profit decline of 1.61 percent to USD18.44 million (CNY122 million) in the first half on higher costs. The company introduced its Gome Plus app in the first half to boost...
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