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China's Home Appliance Market Is Under Overall Pressure; Gree Electric Appliances' Revenue and Net Profit Both Decline.
Summary by 大纪元 Epoch Times
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On August 27, Zhuhai Gree Electric Appliances Co., Ltd. (Gree Electric Appliances) issued an announcement stating that its revenue in the first half of this year decreased by 8.15% year-on-year, and its net profit attributable to the parent company decreased by 7.87% year-on-year, resulting in a double decline in both revenue and net profit. This shows that the Chinese air conditioning industry as a whole is under pressure.
·New York, United States
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