Midea Group saw net profit up 14.37% YoY for first three quarters
On the evening of October 30, 2024, Midea Group announced its Q3 2024 financial results. The company posted revenue of 318.975 billion yuan for the first three quarters, up 9.57% year-on-year, with net profit attributable to shareholders reaching 31.699 billion yuan, up 14.37%.
Gree Electric posted revenue of 146.722 billion yuan for first three quarters
On October 30, 2024, Gree Electric released its Q3 2024 report. For the first three quarters, the company’s revenue reached 146.722 billion yuan, down 5.34% year-on-year, while net profit was 21.961 billion yuan, up 9.3% year-on-year.
Haier Smart Home Successfully Completes Acquisition of Carrier Commercial Refrigeration
October 1st 2024 (Beijing time), Haier Smart Home Co., Ltd. , a global leader in consumer electronics and home appliances, announced the successful completion of its acquisition of Carrier Commercial Refrigeration from Carrier Global Corporation for an enterprise value of approximately $775 million....
TCL plans to acquire stakes in LG Display
Chinese consumer electronics maker TCL Technology Group Corp said on Thursday that it plans to acquire an 80 percent stake in display panel maker LG Display China and 100 percent stake in LG Display Guangzhou through its subsidiary TCL China Star Optoelectronics Technology for 10.8 billion yuan ($1....
Appliance makers chart big overseas expansion
Chinese home appliance makers are ratcheting up efforts to expand their presence in overseas markets and increase investments in localized operations covering research and development, production and marketing.
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