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

Gree First-Half Profits Up 40%
Aug 28, 2013
 Printable format
 Email this Article
 Search

China-based air-conditioning producer Gree reported half-year 2013 sales revenue of 52.90 billion yuan (approx. US$8.47 billion), up 10.38% from the first half of 2012.

First-half 2013 net profit was up 39.85% from the first half of 2012.

The gross profit ratio in the first half of 2013 was 29.15%, up 5.4%. The gross profit ratio of Gree's air-conditioner business was 29.54%, up 5.64% from the year before.

In the first half of 2013, Gree product launches included new water and air purifiers, as well as the Crown series, with two-stage inverter compression technology.

Gree said the new product launches are helping it maintain growth in revenues and profits.

Gree Electric Appliances, Inc. of Zhuhai produces air-conditioners at nine manufacturing locations in China (Zhuhai, Chongqing, Hefei, Zhengzhou, and Wuhan) and in Brazil, Pakistan, Vietnam, and Indonesia. It has an annual production capacity of 60 million residential air-conditioners (RAC) and 5.5 million commercial air-conditioners (CAC).

Back to Daily News

 

Daily News

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

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

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

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

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
June 2014: Appliance Magazine Market Insight: April 2014




 
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