Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
News for Outlets

China's Gree Electric reports handsome net profit surge in H1 amid industry recovery

August 23, 2021


Abstract : Gree Electric Appliances, Inc.of Zhuhai (000651.SZ), China's leading home appliances manufacturer, earned a net profit of about 9.46 billion yuan in the first half of the year, a year-on-year surge of 48.64 percent, according to its interim report available on late Sunday.

Gree.png

BEIJING, Aug. 23 (Xinhua) -- Gree Electric Appliances, Inc.of Zhuhai (000651.SZ), China's leading home appliances manufacturer, earned a net profit of about 9.46 billion yuan in the first half of the year, a year-on-year surge of 48.64 percent, according to its interim report filed to the Shenzhen Stock Exchange (SZSE) on late Sunday.

During the period, the company achieved the operating income of about 92.01 billion yuan, an increase of 30.32 percent year on year.

The handsome performance of the leading air conditioner manufacturer reflects the considerable recovery in the industry.

It is noted that the household air conditioner market showed signs of recovery in the first half of the year, with total sales of about 86.37 million units, an increase of 13.56 percent year on year.

In breakdown, the air conditioner sales on the domestic market were about 44.62 million units, an increase of 11.98 percent year on year; while the exports were 41.76 million units, an increase of 15.3 percent year on year, according to data of the chinaiol.com, China's leading information service provider in the home appliance refrigeration industry.

As Gree Electric's core business, the air-conditioner business has seen an expansion in its share in the total business revenue, rising from 59.48 percent in the first half of 2020 to 73.79 percent in the same period of this year. (Edited by Hu Pingchao, Wang Siyi, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Gree air conditioner

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial