The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Dazhong Posts Net Profit Increase In H1 2008

August 28, 2008
Gadgets & Electronics

Chinese retailer Dazhong Electronics released a report on its appliances sales during the 2008 Olympic Games and Mao Xiaojun, general manager of Dazhong, said that the company's net profits doubled in the first six months of 2008.

The report shows that in July and August, the sales of flat-panel TV sets of Dazhong increased by 121%, ostensibly by consumers who wanted to watch the Olympics. Of those, sales of LCD TVs with screens of 42 inches and above reached 35,000. In addition, the sales of its computer, communications and consumer electronic products were tripled compared with the same period last year.

Commenting on Dazhong's performance over the past six months, Mao said that Dazhong was still one of the top appliances channels in Beijing. After its recent integration with Gome, the profitability of the company was increased greatly and it achieved a double increase in net profit in the first half of 2008. Referring to the process of integration, Mao added that the most difficult part was the integration of corporate cultures.

For consumers' concern on the price increase issues, Mao said that they had not received any notice from manufacturers and the company will not readily raise the prices even if they received a notice. He said that since 2000, price surges only happened in the air-conditioning sector in China's appliances industry. Once new products come into market, the prices of old appliances products will continue to decline.

Tags: appliances | Beijing | China | Chinese | communications | computer | consumer | Dazhong | flat-panel | Gadgets & Electronics | games | general manager | Gome | IT | LCD | net profit | Olympics | panel | performance | profit | report | retail | retailer | revenue | sales | sports | television | TV | watch

Other Related News:

Why Is China So Important For Elon Musk And Tesla?

January 4, 2022

Beijing pushes civilised internet ideal as it urges deeper international cooperation in cyberspace – South China Morning Post

November 20, 2021

United Asset Strategies Inc. Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

July 16, 2022

Hong Kong Investors Lost $50M From Crypto Scams in 2022 (Report) Crypto News Wire

August 7, 2022

Risen Energy's 700Wp+ HJT Solar Module Ushers in Era of Mass Production

January 14, 2023

EV Tale of Two Countries Cycle Positively Inflecting in China, Tesla vs. NIO, and Macro Datapoints Nasdaq

June 16, 2022

LG Display To Set Up LED JV In China With Two Taiwanese Partners

June 7, 2010

From Leicester to France & Pakistan: Why Religious Centres Remain at Target for Hate Crimes News18 Explains

September 21, 2022

Hackers Hide Malware in App Pretending to Be China-Repressed Uyghur Activist’s Memoir

September 7, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter