Hisense Kelon Electrical Holdings Company Limited Announces Audited Consolidated Earnings Results for the Year Ended of December 31, 2017; Provides Capital Expenditure Guidance for 2018
March 29, 2018 at 03:37 pm IST
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Hisense Kelon Electrical Holdings Company Limited announced audited consolidated earnings results for the year ended of December 31, 2017. For the year, the company reported Operating revenue of RMB 33,487,590,387.45 compared to RMB 26,730,219,497.07 a year ago. Operating profit was RMB 2,010,176,029.90 compared to RMB 1,077,966,849.93 a year ago. Total profits were RMB 2,232,291,374.61 compared to RMB 1,270,341,471.22 a year ago. Net profit was RMB 2,051,224,253.16 compared to RMB 1,141,593,773.70 a year ago. Net profit attributable to Shareholders of the parent was RMB 1,997,530,073.54 compared to RMB 1,087,732,130.38 a year ago. Basic and diluted earnings per share were RMB 1.47 compared to RMB 0.80 a year ago.
The group expects that the capital expenditure for 2018 will be approximately RMB 46 million. The group has sufficient funds to meet the funding requirement for purposes such as capital expenditure plans and daily operations.
HISENSE HOME APPLIANCES GROUP CO., LTD., formerly Hisense Kelon Electrical Holdings Co.,Ltd, is a China-based company principally engaged in the development, manufacture and distribution of home electric appliances. The Companyâs main products include barrel washing machines, rotary drum washing machines, on-hook air conditioners, cabinet air conditioners, side by side combination refrigerators, multi-door refrigerators, computer refrigerators and mechanical refrigerators, among others. The Company distributes its products under the brand names of Hisense, Ronshen and Kelon. The Company distributes its products in domestic market and to overseas markets.
Hisense Kelon Electrical Holdings Company Limited Announces Audited Consolidated Earnings Results for the Year Ended of December 31, 2017; Provides Capital Expenditure Guidance for 2018