Posts tagged ‘Electric’

4 Appliance Giant To Hand Over The First Half Report Card Mixed Feelings – Gree Electric Appliances,

Midea, Gree Electric Appliances, Sichuan Changhong, deep
Four semi-annual report yesterday, household electrical appliance enterprises in 2009 focused on appearance. Internationally
Crisis due to falling demand and other factors, four home appliance giant, income has declined during the first half, but the net profit performance is not the same,
(Referring to TV) white (referring to air conditioners, refrigerators, washing machines) once again showed different market situation.

Gree Electric appliances in the first half net profit of U.S. were up 29.18 percent year on year and 18.63%; and Sichuan Changhong net decrease of 22.56% year on year, Shenzhen Konka A meager 0.3% year on year net profit, “two happy Both worry. “

Home appliance giant, mid-year performance profiles of four

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White giant, eye-catching performance

Midea said in the first half of the international financial crisis and global economic downturn, the situation, though still serious, but the domestic economy gradually recovering and the series active policies to promote economic growth, effectively promoting the growth of domestic consumption appliances.

Semiannual reports show that U.S. appliance 1 to 6 months operating income of 24.901 billion yuan, though decreased 11.33% year on year, although raw material costs as a greater decline than the previous year, the company created in the first half net profit of 1.146 billion yuan, an increase of 18.63%. Air-conditioning and parts of which 18.487 billion yuan in revenue. Aspects of the United States, said after the company into the season, “to stock” of efforts to increase and improve profitability, increase cash flow is the main reason.

At the same time, another industry giant white Gree performance of the same eye-catching. Gree first half revenue 19.99 billion yuan, up 19.89% reduction of net profit 1.231 billion yuan, up 29.18 percent. Said, in the air conditioning market as a whole is weak, the company continues to increase market share, industry leading position further strengthened.

Good news in the performance, while under the influence of the financial crisis, the two companies a serious decline in overseas business. The two companies are also the main reason for reduced revenues. Midea overseas markets where revenue fell 20.58%, Gree decreased by 48.38%.

Securities of that person, in the first half Gree, Midea two listed companies to adjust product structure, the main business to the gross margin of energy-efficient air conditioning tilt higher, gross margins increased, but this year end market prices generally higher than air-conditioning low, the resulting decline in operating income, net profit rising trend. He said the current position, Gree, Midea’s performance has improved over the beginning, great bottoming trend.

Poor performance of black loss

Compared with white business, Sichuan Changhong, Konka two traditional black performance of the business is not optimistic.

According to semiannual reports, Sichuan Changhong the first half of the total operating income of 13.277 billion yuan, down 6.76%. Among them, the domestic core business revenue dipped 2.58%, the foreign main business income of a substantial decrease of 27.28 percent year on year. Net income was 30,043,300 yuan, up 22.56% year on year greatly reduced.

Changhong said that as traditional TV production companies on domestic in
Mature industrial chain products, with strong competitiveness, but with the global consumer
Upgrade, the company has been gradually weakened the traditional competitive advantages, the company will actively promote industrial upgrading. Industry analysts point out that the times into the flat, Sichuan Changhong has been betting that the plasma industry, 1 in July this year,
Changhong plasma
TV sales rose nearly 300%, but for LCD TV, Changhong’s response and action seemed to be somewhat slow, missed the rapid on the LCD TV market volume of its LCD TVs sales in the domestic market ranked No. 5.

Relative to the sharp drop in profits, Sichuan Changhong, Konka is only slightly deep loss. The first half of the total company operating income of 5.172 billion yuan, down 7.98%; operating profits down 18.30%. Net income was 80.302 million yuan, a decrease of 0.31% over the previous year.

Konka that caused the poor performance of the main reasons the company is
LCD panel
, Due to the shortage of liquid crystal module. In the first half of the financial crisis continued to influence, the LCD panel and module makers have been hard hit by cuts or even stop production, two products of domestic supply significantly, the domestic LCD TV makers are deeply tired. The deep Konka affected, in the first half sales fell 7.98%.

Previously, many companies have issued Pre-losing black warning, Cinda Securities analyst believes that white goods and
Small appliances
Plate in the middle of 2009 net profit will be warmer, and the black appliance industry will face a polarized situation.

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Related Annual Credit Report Articles

“credit Mark” Run For China’s Electric Bike

China Bicycle Association released the 27 this year, “the credibility of Mark”

Brand And further rigorous, standardized management system related

Recently, the China Bicycle Association, held a news conference in Beijing, was unveiled in 2006 marked the credibility of the 24 companies eligible to use the 27 brands in the 3? 15 on the eve of promoting excellent products to consumers. Association, the official said, is true that there is a large number of non-compliant

Electric cars , The Association has the responsibility to seize the favorable opportunity, “the credibility of Mark” brand work better to strengthen self-discipline, standardize enterprise behavior, and constantly improve product and service quality, product of self-improvement and developing new products and so more good to play a role.

China Bicycle Association, first introduced in 2000

Electric Bicycle “Credit signs”, the last seven years, the number of brands increased by 5 times (by brand manufacturers dollars). Although only a total production license for electric bicycle manufacturers to 2% regular%, but in strengthening self-discipline, and actively promote electric bicycles to consumers regulations and use of knowledge played a key role in all aspects. They stronger brands, and promote industry

Health Made a commitment to social development, an increasingly influential.

It is understood that access to “the credibility of Mark” brand products are commissioned by the China Bicycle Association National Bicycle Quality Supervision and Inspection Center, the National Light Industry Quality Supervision and Testing bicycle Shanghai Station, China National Light Industry Quality Supervision and Testing bicycle Changzhou station three professional testing organization In the case of corporate knowledge to market themselves

Car Random sampling and testing compliance; related products manufacturers quality system is also employed by the Association of experts to the production site

Assessment Assessment meets the requirements, through the publicity after the trade agreed to certification.

A few short years, China’s electric bike has more than 20 million holdings. Increase the technology content, improve performance, is the industry to avoid falling into a vicious

Competition , The key to healthy development. China Bicycle Association, called “the credibility of Mark” brand manufacturers play to their strengths, enhance self-innovation capability in the whole greater effort, relying on advances in technology, extensive changes in management, improved processing methods to improve efficiency, conserve resources and reduce

Energy consumption ; Actively study the small size, light weight, high energy, quality and stability of the electric bicycle accessories; to develop more compact, higher strength, more light of new products.

2006 new year, Beijing lifted the ban electric bicycles, electric bicycles on the implementation of content management. Unique model for the capital, is bound to the development of the national electric bicycle opportunities. To this end, the Chinese Cycling Association will begin this year to mark the brand credibility of the release of further strict and standardized management:

First of all, to improve the credibility of the brand marks the entry threshold. The business requirements of the production standard electric bike at or more than 20,000 adjusted to 30 000, and appraise, at the end of production does not meet the requirements of the brand will be canceled next year the eligibility criteria; provides for the first time use “credit mark “enterprise application, the first by the companies of the province, municipalities, associations of first instance; their products accepted by the Association for market testing organizations commissioned sample quality testing.

Secondly, a sound system of the market supervisors and increase market supervision. The original has got the eligibility to use the brand logo at least 2 times a year market survey, to 3 times per year. Through the inspection and supervision, rectification, continuously improve the credibility of the brand logo credibility with consumers.

Association will apply for accreditation before the school enterprise, product and service quality for the problems exposed on the existing brand manufacturers in developing quality technology

Train , For specific guidance. According to incomplete statistics, in 2005, “the credibility of Mark” business of producing products that meet the conditions of use signs 1.44 million, accounting for about 15% of the total output electric car%; “credit mark” brand manufacturers have the production scale at 50,000, and more than 60%% of the enterprises of 10 million units. In recent years, for the “credibility sign” more and more use of qualified companies, reflecting the business on their own confidence in the quality of products and services, reflecting the strong brand awareness and corporate

Social Responsibility

Feeling, reflects the industry’s progress.

I am China Crafts Suppliers writer, reports some information about floor tile limestone , porcelain mosaic tile.

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