TCL Electronics stepped up innovative business including photovoltaics in H1
TCL Electronics posted revenue of 34.916 billion HKD for H1 2023, up 3.7% YoY, and net profit attributable to shareholders of the parent company 264 million HKD, up 5.7% YoY, according to the H1 report of TCL Electronics released on August 25, 2023.
Appliance makers upbeat on high-end overseas market
Despite globally weakening demand for consumer electronics, Chinese home appliance makers have seen robust sales growth in Europe and have expanded efforts to foray into the photovoltaic sector to seek new sources of revenue, industry experts said.
Chinese firms of consumer electronics target higher-end overseas market
According to the IFA's official website, nearly 1,300 Chinese exhibitors have registered for this year's event. Chinese companies such as Hisense, TCL and Haier have occupied some of the largest exhibit areas with various products...
Midea banks on energy innovation for edge in overseas home appliance sector
Building a global research and development network would help Midea Group, a leading Chinese home appliance manufacturer, better promote the development of innovative energy-saving solutions with a user-centric approach in the overseas market, according to the company's technical chief for its air...
Home appliance makers diversify into PV sector
Chinese home appliance manufacturers are ratcheting up efforts to make forays into the photovoltaic sector in a bid to seek new sources of revenue and diversify their business layouts amid sluggish growth in the country's household appliance market, industry insiders said.
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