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

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

Jan 27, 2014: Best Buy U.S. Appliance Comps Up Almost 17% Over Holidays

Jan 27, 2014: AHR Expo 2014 Innovation Awards Announced

Jan 27, 2014: Google Moves Into Home HVAC/Home Automation with Nest Acquisition

Jan 27, 2014: Ikea More than Doubles Size of Biggest Commercial Rooftop Solar Array in Colorado

Jan 24, 2014: Whirlpool Closing Plant in Sweden

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows