Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Midea's 1Q Profits Surge
May 3, 2010
 Printable format
 Email this Article
 Search

Chinese appliance OEM GD Midea Holding Co. reported a first quarter net profit of RMB 631 million (approx. US$92.4 million), or almost 3.5 times its net profit in 1Q 2009, according to a China Knowledge report. The report said Midea's operating revenue was RMB 15.54 billion (approx. $2.3 billion), an increase of 76% year on year, with operating costs up 87% than in 2009.

Midea's increase is credited in-part to the Chinese appliance stimulus program, which included rebates to consumers of RMB 300-850 when buying energy efficient air-conditioners.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows