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Haier Electronics Sales Up in 1Q
Apr 30, 2014
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Haier Electronics Group Company, the Hong Kong-based subsidiary of China’s Qingdao Haier, had revenue of RMB 15,999 million in the first quarter of 2014, up 13% from RMB 14,161 million in the first quarter of 2013.

Haier Electronics’ washing machine business had revenue of RMB 3,176 million, down 2.8% from RMB 3,269 million in the first quarter of 2013.

The water heater business had revenue of RMB 1,052 million, up 1.8% from RMB 1,033 million in 1Q 2013.

Haier’s Integrated Channel Services Business, which operates the Goodymart retail chain in China, had revenue of RMB 15,017, up 14% from RMB 13,171 million in 1Q 2013.

Haier Electronics’ consolidated net profit in 1Q 2014 was RMB 466 million, up 17.7% from RMB 396 million in 1Q 2013.

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