Changhong posted revenue of 38.027 billion RMB

Changhong posted revenue of 38.027 billion RMB in H1, down by 4.85% year-on-year, net loss attributable to shareholders 0.26 billion RMB, according to Changhong’s half-year report released on August 24, 2020. By category, TV sector of the company posted revenue of 4.234 billion RMB in H1, and IT products 15.809 billion RMB. Changhong said the sudden outbreak of the pandemic and the sluggishness of home appliance industry hard hit the company’s performance.