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Haier Electronics Group Sales, Profits Up
Aug 22, 2012
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Haier Electronics Group Co., Ltd. reported revenue of RMB 26,303,993,000 (approx. US$4.1 billion) in the first half of 2012, up 8.4% from restated revenue of RMB 24,274,880,000 in the first half of 2011.

Operating profit in 1H 2012 was RMB 998,035,000 (approx. $157 million), up 23.8% from RMB 806,007,000 in 1H 2011.

The Haier Electronics Group Washing Machine business segment profits were RMB 387,345,000 in the first half of 2012 on sales of RMB 5,529,427,000 (from profits of RMB 313,665 in 1H 2011 on sales of RMB 5,161,067,000).

The Haier Electronics Group Water Heater business segment had 1H 2012 profits of RMB 220,546,000 on sales of RMB 1,938,158,000 (from profits of RMB 153,696,000 on sales of RMB 1,753,616,000 in 1H 2011).

The Haier Electronics Group Integrated Channel Services segment had 1H 2012 profits of RMB 390,144,000 on sales of RMB 24,320,002 (from profits of RMB 338,646,000 on sales of RMB 22,431,660,000 in 1H 2011).

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