China's Haier profits rise 20% in 2015
9 years, 2 months ago

China's Haier profits rise 20% in 2015

China Daily  

Visitors look at electric home appliances of Haier during an expo in Qingdao city, East China's Shandong province, July 10, 2015. QINGDAO -- China's leading home appliance maker Haier said its profits jumped 20 percent year-on-year to 18 billion yuan in 2015, despite falling global sales. Haier's global sales reached 188.7 billion yuan last year, down six percent year-on-year, due to global economic downturn and business adjustment of the company, said Zhou Yunjie, rotating president of Haier, in the company's annual meeting on Saturday. Haier accounts for over 10 percent of worldwide home appliance sales, according to a 2014 survey by Euromonitor.

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History of this topic

Qingdao's Haier fully embraces AI for growth
5 days, 9 hours ago

Qingdao's Haier fully embraces AI for growth

China Daily  

Haier Smart Home, a subsidiary of Haier Group from Qingdao, holds an ecological conference themed "AI for home, AI for you" in Shanghai. Haier Smart Home, a subsidiary of Haier Group from Qingdao, held an ecological conference themed "AI for home, AI for you" in Shanghai on Mar 19. At the event, Shu Hai, vice-president of Haier Group and general …

Haier to sharpen focus on tech innovation, new quality productive forces
2 weeks, 6 days ago

Haier to sharpen focus on tech innovation, new quality productive forces

China Daily  

Chinese home appliance manufacturer Haier Group will strive for technological innovation and bolster the development of new quality productive forces while contributing to the building of China's strength in manufacturing, said Zhou Yunjie, chairman and CEO of the company. Zhou, who is a deputy to the 14th National People's Congress, China's top legislature, said Haier is committed to building its …

Haier to sharpen focus on tech innovation, new quality productive forces
3 weeks ago

Haier to sharpen focus on tech innovation, new quality productive forces

China Daily  

Chinese home appliance manufacturer Haier Group will strive for technological innovation and bolster the development of new quality productive forces while contributing to the building of China's strength in manufacturing, said Zhou Yunjie, chairman and CEO of the company. Zhou, who is a deputy to the 14th National People's Congress, China's top legislature, said Haier is committed to building its …

China's home appliance sales surge in 2024 under trade-in scheme
2 months ago

China's home appliance sales surge in 2024 under trade-in scheme

China Daily  

Xinhua | Updated: 2025-01-20 09:40 BEIJING - China's sales of home appliances surged in 2024 under its policy-backed trade-in program, according to the Ministry of Commerce on Saturday. Retail sales of home appliances and audio and visual equipment under the scheme reached 1.03 trillion yuan in 2024, according to data from the National Bureau of Statistics. To stimulate consumer spending …

Haier set to cross a billion revenue mark in 2024, aims ₹11,500 cr next year
2 months, 3 weeks ago

Haier set to cross a billion revenue mark in 2024, aims ₹11,500 cr next year

Live Mint  

New Delhi, Dec 26 Haier Appliances India is set to cross the milestone of having a billion dollar revenue in 2024, helped by strong summers, festive season and ongoing trend of premiumisation, and expects ₹11,500 crore revenue in 2025, its President NS Satish said on Thursday. Besides, the appliances and consumer electronics maker company, which has so far invested ₹2,500 …

China's trade-in scheme boosts home appliance sales by over 200b yuan
3 months, 2 weeks ago

China's trade-in scheme boosts home appliance sales by over 200b yuan

China Daily  

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING - Sales revenue of home appliances under the policy-backed trade-in program reached 201.97 billion yuan as of Friday, data from the Ministry of Commerce showed. According to the ministry, a total of 29.64 million consumers have enjoyed subsidies for …

TCL Eyes Global Market Growth: Expanding Appliance Manufacturing Outbound
5 months, 1 week ago

TCL Eyes Global Market Growth: Expanding Appliance Manufacturing Outbound

China Daily  

Chinese appliance makers are intensifying efforts to make forays into overseas markets to seek new sources of revenue. They are expanding their presence in North America by boosting production capacity of big-screen TVs at their Mexico factory. They have also established photovoltaic cell and module factories in Malaysia, the Philippines and Mexico through joint ventures. TCL is setting up 46 …

Appliance makers eye bigger global pie
5 months, 1 week ago

Appliance makers eye bigger global pie

China Daily  

Appliance makers eye bigger global pie By FAN FEIFEI China Daily Updated: Oct 17, 2024 TCL's booth at CES 2024 in Las Vegas. Chinese home appliance makers have intensified efforts to make forays into overseas markets to seek new sources of revenue, and are upgrading and optimizing their products to make them "smarter", industry experts said. Highlighting that globalization is …

TCL: Chinese Appliance Giants Expand Global Reach, Focus on Expanding Industrial Chains
5 months, 1 week ago

TCL: Chinese Appliance Giants Expand Global Reach, Focus on Expanding Industrial Chains

China Daily  

Chinese home appliance makers are intensifying efforts to make forays into overseas markets to seek new sources of revenue. They are expanding their presence in North America by boosting production capacity of big-screen TVs at their Mexico factory. They have also established photovoltaic cell and module factories in Malaysia, the Philippines and Mexico through joint ventures. TCL is setting up …

Hisense's Global Expansion: A Strategic Move to Boost Profit and Market Share
5 months, 1 week ago

Hisense's Global Expansion: A Strategic Move to Boost Profit and Market Share

China Daily  

Chinese appliance makers are expanding their footprint overseas for new profit growth points and long-term development. The company has established six R&D centers and five major manufacturing bases in Europe, with sales revenue in the continent rising 19.5 percent year-on-year to 3.8 billion euros ($4.15 billion).

Smart technology revolutionizes household appliances in China, heralding future lifestyles
6 months, 1 week ago

Smart technology revolutionizes household appliances in China, heralding future lifestyles

China Daily  

HEFEI - A drone hovered above a home appliance industrial park in eastern Chinese city of Wuhu, Anhui province. "Every manufacturing process is working to improve quality and efficiency," said Guo Kexiong, digital director of the Midea Kitchen and Heating Intelligent Home Appliance Industrial Park. Smart manufacturing Hefei, the capital city of Anhui, is now home to two "lighthouse factories" …

Haining leads Jiaxing in industrial output
8 months, 3 weeks ago

Haining leads Jiaxing in industrial output

China Daily  

Haining, a county-level city of Jiaxing in Zhejiang province. In the first five months of the year, Haining, a county-level city of Jiaxing in Zhejiang province, has outshone its peers in the Jiaxing region, with the output value of its above-designated-size industrial enterprises reaching 114.71 billion yuan. The city's added value of above-designated-size industrial enterprises amounted to 20.46 billion yuan, …

Haier wows media with smart manufacturing
9 months, 3 weeks ago

Haier wows media with smart manufacturing

China Daily  

The A Date with China media tour pays a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3, 2024. A group of China-based foreign correspondents and social media influencers paid a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3. Since it was established in 1984, …

Haier wows media with smart manufacturing
9 months, 3 weeks ago

Haier wows media with smart manufacturing

China Daily  

The A Date with China media tour pays a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3, 2024. A group of China-based foreign correspondents and social media influencers paid a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3. Since it was established in 1984, …

Haier wows media with smart manufacturing
9 months, 3 weeks ago

Haier wows media with smart manufacturing

China Daily  

The "A Date with China" media tour pays a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3. A group of China-based foreign correspondents and social media influencers paid a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3. The visit was part of the "A …

Haier wows media with smart manufacturing
9 months, 3 weeks ago

Haier wows media with smart manufacturing

China Daily  

The A Date with China media tour pays a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on June 3, 2024. A group of China-based foreign correspondents and social media influencers paid a visit to the headquarters of Haier Group in Qingdao, East China's Shandong province, on Monday. Since it was established in 1984, Haier …

Qingdao's Haier Group embraces future development
11 months, 2 weeks ago

Qingdao's Haier Group embraces future development

China Daily  

Chinese home appliance giant Haier Group beefs up efforts to foster new quality productive forces. Chinese home appliance giant Haier Group, which is based in Shandong's Qingdao, has seized opportunities brought about by artificial intelligence, transforming its business model and bolstering research and development capabilities in a bid to foster new quality productive forces. "The selection criteria for lighthouse factories …

Smart appliances show promising future
1 year, 5 months ago

Smart appliances show promising future

China Daily  

Visitors check out a robot vacuum cleaner during a home appliance expo in Beijing in February. China's smart home devices sector is expected to see explosive growth in the next few years, thanks to superfast 5G coverage, artificial intelligence and the internet of things, experts said. Meanwhile, China has become the world's largest consumption market for smart home devices, accounting …

Haier's revenue hits 350.6b yuan in 2022
2 years, 2 months ago

Haier's revenue hits 350.6b yuan in 2022

China Daily  

China's largest home appliance manufacturer, Haier Group, recently announced that its global revenue increased by 5.4 percent year-on-year, reaching 350.6 billion yuan in 2022. Facing the complex and volatile international environment and multiple challenges from the COVID-19 pandemic, Haier has anchored the goal of becoming a world-class enterprise, bucking trends and maintaining growth, said Liang Haishan, vice-president of Haier. According …

Haier's Zhang stands down as chairman
2 years, 5 months ago

Haier's Zhang stands down as chairman

China Daily  

Zhang Ruimin, founder and honorary chairman of the board of Haier Group. Chinese home appliance giant Haier Group said its founder Zhang Ruimin had resigned as chairman of the board. Zhang started to steer Qingdao Refrigerator General Factory – the predecessor to Haier Group – in 1984, when the company posted 3.48 million yuan of revenue and 1.47 million yuan …

Qingdao listed firms report fast growth in H1
2 years, 6 months ago

Qingdao listed firms report fast growth in H1

China Daily  

Fifty-nine listed companies based in Qingdao, Shandong province recently released semi-annual reports and most of them achieved revenue and profit growth. By the closing bell on Aug 31, the total market value of 59 listed companies in Qingdao reached 792.09 billion yuan. The market value of 13 companies exceeded 10 billion yuan, among which Haier Smart Home's market value stood …

Haier's largest domestic investment project settles in Qingdao
2 years, 8 months ago

Haier's largest domestic investment project settles in Qingdao

China Daily  

Visitors are introduced to COSMOPlat, Haier's industrial internet platform, at a free trade zone in Qingdao, Shandong province, on Nov 30, 2020. The commencement ceremony for the Haier COSMOPlat Industrial Internet Ecopark project was held on July 2 in Jiaozhou, a county-level city in Qingdao, Shandong province. Zhou added that an industrial internet demonstration park based on the high-end smart …

2 Qingdao companies shine in overseas market
2 years, 10 months ago

2 Qingdao companies shine in overseas market

China Daily  

Two companies headquartered in Qingdao, Shandong province, namely Haier Smart Home and Hisense, made the list of top 50 Chinese listed companies by brand value overseas, which was released on May 10. Chinese home appliance giant Hisense Group The 2022 Brand Value List of Chinese Listed Companies was jointly launched by National Business Daily and the China Business Research Center …

Haier listed among world's 500 most influential brands
3 years, 3 months ago

Haier listed among world's 500 most influential brands

China Daily  

Visitors inspect intelligent products that were developed by Haier Group's COSMOPlat industrial internet platform. Qingdao-based home appliance maker Haier Group made this year's list of the World's 500 Most Influential Brands, which was released on Dec 7 in New York. Haier has made the list for 18 consecutive years since the release of the first edition of the World's 500 …

Haier's Zhang stands down as chairman
3 years, 4 months ago

Haier's Zhang stands down as chairman

China Daily  

Zhang Ruimin, founder and honorary chairman of the board of Haier Group Chinese home appliance giant Haier Group said on Friday its founder Zhang Ruimin had resigned as chairman of the board. Zhang started to steer Qingdao Refrigerator General Factory -- the predecessor to Haier Group -- in 1984, when the company posted 3.48 million yuan of revenue and 1.47 …

Haier Smart Home's H-shares debut on Hong Kong Stock Exchange
4 years, 2 months ago

Haier Smart Home's H-shares debut on Hong Kong Stock Exchange

China Daily  

H-shares of Haier Smart Home commenced trading on the main board of the Hong Kong Stock Exchange on Dec 23, marking the completion of the restructuring of the domestic household appliance giant. H-shares of Haier Smart Home commence trading on the main board of the Hong Kong Stock Exchange on Dec 23. "Haier Smart Home's listing in Hong Kong is …

Haier Smart Home's H-shares debut on Hong Kong Stock Exchange
4 years, 3 months ago

Haier Smart Home's H-shares debut on Hong Kong Stock Exchange

China Daily  

H-shares of Haier Smart Home commenced trading on the main board of the Hong Kong Stock Exchange on Dec 23, marking the completion of the restructuring of the domestic household appliance giant. H-shares of Haier Smart Home commence trading on the main board of the Hong Kong Stock Exchange on Dec 23. "Haier Smart Home's listing in Hong Kong is …

Top 100 Shandong companies unveiled
4 years, 4 months ago

Top 100 Shandong companies unveiled

China Daily  

The 2019 list of the top 100 industrial enterprises in Shandong province was released on Nov 11 at an economic conference held by the Shandong Provincial Department of Industry and Information Technology. The total revenue of Shandong's top 100 enterprises reached 6.11 trillion yuan in 2019, an increase of 6.8 percent over 2018, when they had a total revenue of …

Haier expands Kentucky plant, adds 400 US jobs
6 years, 5 months ago

Haier expands Kentucky plant, adds 400 US jobs

China Daily  

People visit the stand of Haier during the 20th China International Industry Fair in Shanghai, China, 20 September 2018. Chinese electronics giant Haier Group has announced a $200 million expansion of its laundry and dishwashing manufacturing in Kentucky that will add 400 new jobs, and a $547 million acquisition of an appliance manufacturer in Italy to increase its market share …

Germany listing set for Qingdao Haier
6 years, 5 months ago

Germany listing set for Qingdao Haier

China Daily  

Haier dual front-loading washing machines are seen at a home appliance exhibition in Berlin, Germany. Home appliances maker targets $900m valuation from public float of 400m shares Qingdao Haier Co Ltd announced on Friday it is moving ahead with plans to list on the China Europe International Exchange's D-Shares Market in Frankfurt, making Haier, which is one of the world's …

Haier benefiting from localization
6 years, 6 months ago

Haier benefiting from localization

China Daily  

Haier Group, the country's largest home appliances manufacturer, said it will continue to develop its brand overseas, guide international standards and capture high-end markets, when faced with rising trade and investment protectionism. It successfully acquired Fisher & Paykel Appliances, a New Zealand white goods company, the white goods business of Japanese electronics giant Panasonic Corp's subsidiary Sanyo Electric, including the …

Haier benefiting from localization
6 years, 6 months ago

Haier benefiting from localization

China Daily  

Haier Group, the country's largest home appliances manufacturer, said it will continue to develop its brand overseas, guide international standards and capture high-end markets, when faced with rising trade and investment protectionism. It successfully acquired Fisher & Paykel Appliances, a New Zealand white goods company, the white goods business of Japanese electronics giant Panasonic Corp's subsidiary Sanyo Electric, including the …

Haier moves to upgrade its products
6 years, 10 months ago

Haier moves to upgrade its products

China Daily  

In the internet era, home appliance manufacturers are shifting to smart strategies at an accelerated pace. Sogou's voice technology will offer support in the fields of phonetics, semantics and content for Haier's U+ smart home platform, as well as speech recognition solutions including the microphone array design and other hardware. "Our understanding of AI is to promote the deep integration …

Haier's innovative home appliances getting smarter
6 years, 10 months ago

Haier's innovative home appliances getting smarter

China Daily  

Refrigerators that can teach you to cook, air conditioners that can monitor air quality and washing machines that can automatically select the correct washing cycle for different items of clothing - China's top home appliances manufacturer Haier Group has released a series of intelligent products capable of providing tailored services for its many customers. Traditionally, home appliance products used in …

Haier moves to upgrade its products
7 years, 2 months ago

Haier moves to upgrade its products

China Daily  

The booth of Haier Group displays smart home products at an exhibition in Weifang, East China's Shandong province, on Sept 3, 2017. Sogou's voice technology will offer support in the fields of phonetics, semantics and content for Haier's U+ smart home platform, as well as speech recognition solutions including the microphone array design and other hardware. "Our understanding of AI …

Haier acquires GE Appliances
8 years, 9 months ago

Haier acquires GE Appliances

China Daily  

Zhang Ruimin, chairman and CEO of Haier Group, shakes hands with Chip Blankenship, president and CEO of GE Appliances. Haier Group, China's biggest maker of household appliances, has signed closing documents for the company's acquisition of General Electric 's home appliance business, according to an announcement made by the two sides. Zhang Ruimin, chairman and CEO of Haier Group said, …

Midea confirmed buying of Toshiba white goods division
9 years ago

Midea confirmed buying of Toshiba white goods division

China Daily  

A man walks past the logo of Toshiba Corp in Tokyo. Chinese leading home appliances manufacturer Midea Group Co Ltd said on Thursday it is buying Japanese electronic giant Toshiba Corp's white goods business. Upon completion of the transaction, Toshiba's home appliances business will continue to develop, manufacture and market white goods, such as refrigerators, washing machines, vacuum cleaners and …

Midea confirmed buying of Toshiba white goods division
9 years ago

Midea confirmed buying of Toshiba white goods division

China Daily  

A man walks past the logo of Toshiba Corp in Tokyo. Chinese leading home appliances manufacturer Midea Group Co Ltd said on Thursday it is buying Japanese electronic giant Toshiba Corp's white goods business. Upon completion of the transaction, Toshiba's home appliances business will continue to develop, manufacture and market white goods, such as refrigerators, washing machines, vacuum cleaners and …

Haier to buy GE's appliances business
9 years, 2 months ago

Haier to buy GE's appliances business

China Daily  

Visitors look at electric home appliances of Haier during an expo in Qingdao city, East China's Shandong province, July 10, 2015. Haier Group, China's biggest manufacturer of household appliances, agreed to buy General Electric Co's appliances business for $5.4 billion in cash in the country's biggest acquisition of an overseas electronics company. Haier and another Chinese home appliance company, Guangdong-based …

Haier to buy GE’s appliance unit for $5.4 billion
9 years, 2 months ago

Haier to buy GE’s appliance unit for $5.4 billion

Live Mint  

Hong Kong: China’s Haier Group agreed to buy General Electric Co.’s appliance business for $5.4 billion in what would be the country’s biggest acquisition of an overseas electronics company. The group’s Qingdao Haier Co. signed an agreement with GE and the transaction is targeted to close in mid-2016, according to a statement. It also highlights Haier’s global ambitions as the …

Midea, Haier bid for GE's appliances business
9 years, 2 months ago

Midea, Haier bid for GE's appliances business

China Daily  

The stand of GE at an industry expo in Shanghai. Midea Group Co and Qingdao Haier Co are among suitors that submitted bids for General Electric Co's home-appliances business, after a sale to Electrolux AB fell apart last month, people with knowledge of the matter said. The quick turnaround from the failed Electrolux deal supports GE Chief Executive Officer Jeffrey …

Midea, Haier bid for GE's appliances business
9 years, 2 months ago

Midea, Haier bid for GE's appliances business

China Daily  

The stand of GE at an industry expo in Shanghai. Midea Group Co and Qingdao Haier Co are among suitors that submitted bids for General Electric Co's home-appliances business, after a sale to Electrolux AB fell apart last month, people with knowledge of the matter said. The quick turnaround from the failed Electrolux deal supports GE Chief Executive Officer Jeffrey …

Home appliance makers to ride intelligence and Internet to glory
9 years, 3 months ago

Home appliance makers to ride intelligence and Internet to glory

China Daily  

TCL LED televisions are for sale at a home appliances store in Qingdao city, East China's Shandong province, October 30, 2015. In the first half of this year, home appliance sales reached 769.7 billion yuan, up 4.3 percent year-on-year, according to CMMC. The "Internet Plus" strategy, championed by Premier Li Keqiang, is expected to hasten the integration of traditional home …

White goods brigade looking for more color[1]- Chinadaily.com.cn
9 years, 9 months ago

White goods brigade looking for more color[1]- Chinadaily.com.cn

China Daily  

Haier's washing machines on display at the Appliance World Expo. Manufacturers discover there is life beyond fridges and washing machines The Chinese white goods manufacturer Haier Group is looking to increase its sales in Europe by extending its product range to include consumer electronics and energy management systems. Haier's expansion in Europe reflects a growing trend of Chinese white goods …

African families love Chinese brands[1]- Chinadaily.com.cn
9 years, 11 months ago

African families love Chinese brands[1]- Chinadaily.com.cn

China Daily  

Whether they are in the lounge, in the kitchen or elsewhere in their homes, Africans are now being given a front-row view of how their world, and the world of trade, is changing. In turn, the success of the likes of Haier, Hisense and Shinco in localizing their products for Africa is spurring other Chinese home appliance and electronics companies …

Haier transforms in the age of the Internet
9 years, 11 months ago

Haier transforms in the age of the Internet

China Daily  

Photo taken on March 20, 2014 shows the Board of Directors' building of Haier Electronics Group Co Ltd in Qingdao. In a few short years, the Haier Group has quietly built up Internet-based smart factories, where mass production of personalized products has replaced the company's traditional large-scale manufacturing. The new smart factories allow users to personalize appliances by communicating their …

China home appliance makers poised for strong growth[1]- Chinadaily.com.cn
10 years, 10 months ago

China home appliance makers poised for strong growth[1]- Chinadaily.com.cn

China Daily  

Chinese home appliance makers like Qingdao Haier Co Ltd and Midea Group are on track to deliver stellar growth this year thanks to rising wages and the country's urbanisation drive. Appliance manufacturers are expected to outshine China's home appliance retailers as they are largely immune to the fiercely competitive online market, unlike companies such as GOME Electrical Appliances Holding Ltd …

China's household appliances benefit Venezuela[1]- Chinadaily.com.cn
10 years, 10 months ago

China's household appliances benefit Venezuela[1]- Chinadaily.com.cn

China Daily  

CARACAS - A cooperation accord between the Venezuelan government and Chinese home appliances giant Haier Group has helped strengthen the industrial capacity and economic independence of the South American nation. Under the accord, which marked its fourth anniversary Wednesday, more than 3 million household appliances of world-class quality have been sold across the Latin American country, benefiting around 1.5 million …

Next generation of consumers, appliances[1]- Chinadaily.com.cn
10 years, 10 months ago

Next generation of consumers, appliances[1]- Chinadaily.com.cn

China Daily  

Swiss electrical appliances are shown at Appliance World Expo-Shanghai 2014. The major growth drivers of China's home appliance market now are high-end products and environmental modifiers, according to market insiders and manufacturers. The major growth drivers of China's home appliances market now are high-end products and environmental modifiers, said market insiders and manufacturers. According to the AVC, the size of …

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