Western Buyers Seek Bigger China Appliance Orders as Mideast Conflict Pushes Up Costs
European and US buyers are discussing with Chinese manufacturers the feasibility of enlarging orders for small home appliances. These talks include whether buyers are willing to absorb price rises as the Middle East conflict drives up raw material and energy costs.
Read More →Samsung to Restructure Its China Business, Insiders Say
South Korean consumer electronics giant Samsung Electronics is expected to restructure its Chinese business, according to industry insiders.
Haier Smart Home Reports 4.39% YoY Growth in Net Profit for 2025
Haier Smart Home released its annual report on March 26. In 2025, the company recorded operating revenue of approximately RMB 302.347 billion, representing a year-on-year increase of 5.71%. Net profit attributable to shareholders reached about RMB 19.553 billion, up 4.39% year-on-year.
Midea Group Posts 14.03% YoY Increase in Net Profit for 2025
Midea Group disclosed its annual report on March 30. The company achieved operating revenue of RMB 456.452 billion in 2025, up 12.11% year-on-year. Net profit attributable to shareholders came in at RMB 43.945 billion, marking a 14.03% year-on-year rise.
Hisense Home Appliances Sees 4.82% YoY Decline in Net Profit for 2025
Hisense Home Appliances announced on March 30 that its 2025 operating revenue totaled RMB 87.928 billion, down 5.19% year-on-year. Net profit attributable to shareholders was RMB 3.187 billion, a decrease of 4.82% compared with the previous year.
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