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China's Midea Gained Net Profit Of CNY3.127 Billion In 2010
March 24, 2011Chinese home appliance maker Midea has announced its 2010 performance report, stating that due to the optimization of its product structure and sales increase, its operating revenue increased by 57.70% year-over-year to CNY74.559 billion and its net profit increased by 69% year-over-year to CNY3.127 billion.
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China's Haier To Build Energy-saving Refrigerator Production Lines In Hefei
June 22, 2010Qingdao Haier, the Chinese home appliance and electronics maker, the company will build a new energy-saving refrigerator project via its wholly-owned subsidiary in Hefei.
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Refrigerators Rule Chinese Home Appliances Subsidy Scheme
November 10, 2009China's Ministry of Commerce has recently published the latest performance statistics for the country's rural home appliances and electronics subsidy scheme and stated that by October 31, 2009, the total sales within the scheme had reached CNY50.842 billion.
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TCL's LCD TV Sales Up 57.7% In July 2009
August 13, 2009TCL Group has published its electronics and appliances sales report for July 2009.
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Hunan Hualiang Acquires Electrolux Plant In Changsha
June 19, 2009Two months after its closure, Electrolux' refrigerator plant in Changsha has recently been acquired by Hunan Hualiang Electric Industry Appliances.
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Whirlpool To Close Shanghai Washing Machine Plant, Cut Staff
April 10, 2009Home appliances giant Whirlpool has announced plans to adjust its manufacturing business in China and will close its washing machine plant, cutting 600 jobs.
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China's Midea Net Profit Down 14.78% In 2008
March 11, 2009Chinese home appliances maker Midea has published its financial report for 2008, which states that its revenue increased by 28.77% year-on-year to CNY45.3 billion while its net profit decreased by 14.78% year-on-year to CNY1.03 billion.
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Electrolux Will Close Changsha Factory In March 2009
February 9, 2009Gunilla Nordstrom, Electrolux's newly appointed China president, has announced that the company plans to close its refrigerator plant in Changsha, Hunan province, in March 2009.
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Kimchi Fridge: Samsung Opens Chinese Appliances Experience Store
July 22, 2008Samsung has opened its first appliances experience store in China in the Suning Taipingzhuang branch in Beijing.
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Midea Cut 10% Jobs In Washing Machine And Refrigerator Sectors
July 15, 2008Midea Group has announced plans to cut up to 10% of the jobs in its washing machine and refrigerator sectors in China.
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D.Phone To Join E-waste Recycling Campaign
June 12, 2008Along with China Electronic Energy Saving Technology Association and China Quality Management Association For Electronics Industry, Chinese mobile phone retail chain D.Phone has announced in Beijing that it will join the "Green E-Campaign" for e-waste recycling and begin receiving e-waste from consumers at its over 1200 chain stores across China.
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