Source: Haier
Qingdao Haier Co., Limited has released the 2016 annual reports and the 2017 first-quarter results on April 29, 2017, showing increase in both revenue and profit.
According to the financial reports, Qingdao Haier Co., Limited has gained 37.7 billion RMB of operating income in the first quarter of 2017, with a year-on-year growth of 69.7%, ranking top 1 in the white home appliances industry. And the net profit has increased by a large margin to 1.46 billion RMB.
Some insiders comment that the results should be attributed to Haier Rendanheyi management model. Others say that the transformation of Haier is a brave exploration and a great example to the manufacturing industry.