Home » Sichuan Changhong: Achieved a net profit of 92.366 million yuan in the first half of the year and turned losses into profits

Sichuan Changhong: Achieved a net profit of 92.366 million yuan in the first half of the year and turned losses into profits

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  Sichuan ChanghongThe 2021 semi-annual report was released on the evening of August 24, and the company achieved the first half of the yearOperating income49.219 billion yuan, a year-on-year increase of 29.43%; to be attributable to listed companiesShareholdersOfNet profit92.366 million yuan, a year-on-year turnaround, a loss of 260 million yuan in the same period last year; basic earnings per share of 0.02 yuan.

The semi-annual report shows that in the first half of 2021, under the severe situation of the prevention and control of the new crown pneumonia epidemic, the price increase of bulk raw materials, and the complicated domestic and foreign politics and economy, the company is actively carrying out the prevention and control of the new crown pneumonia epidemic while seizing the market opportunities after the epidemic. Through measures such as strengthening product core technologies, continuously optimizing product structure, strengthening channel construction, and deepening marketing transformation, the company’s operating conditions in the first half of the year improved well compared with the same period last year.

The semi-annual report shows that in the first half of the year, the company’s color TV business continued to rank among the forefront of the industry in the domestic market, and advanced layout to seize the 8K market; overseas sales maintained healthy growth, profitability increased significantly, and export sales scale maintained the forefront of the industry; refrigerators (cabinet), air conditioners, The white goods business such as washing machines seized the opportunity of industry recovery. The domestic market ranking of refrigerators (cabinet) continued to maintain the forefront of the industry. Each product line achieved year-on-year growth in scale.PerformanceTurn losses into profits and achieve healthy growth; the refrigerator compressor business has ranked first in the global and domestic market sales, and its share in the global refrigerator compressor market has exceeded 30%, of which the European market share is close to 40%; ICT comprehensive Services, special power supply and other businesses continue to maintain a leading position in the market segments of the industry.

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The semi-annual report shows that in the first half of the year, the company improved the integrated layout of the supply chain, established strategic cooperation with industry-leading companies, and ensured the stability of the supply chain through solid strategic partnerships. Supplier capability evaluation system to build a high-quality supply chain; establish supplier qualification thresholds, evaluate supplier risks and promote the improvement of supplier special capabilities; improve the supply chain management platform, and fully implement real-time management and control of supplier delivery, quality, performance, and rectification.

At the same time, the company continues to improve the “5G+Industrial Internet” intelligent manufacturing platform, promote comprehensive digital transformation, consolidate high-end manufacturing capabilities, and meet the needs of large-scale high-end customized production. Through the end-to-end “informatization + automation” support the real-time online data of the whole process, guided by the order “C+3” model, order-driven parallel coordination of the whole process of “sales plan + procurement production plan + logistics delivery plan” to achieve full value Chain efficiency and efficiency increase.

In terms of channel construction, in terms of domestic appliance business channels, the company vigorously promoted the transformation of marketing organization, strengthened the expansion of O2O channels, and strengthened the control of marketing expenses; with the goal of high efficiency, high value, and sustainability, through digital transformation and upgrading, the company will strengthen its e-commerce business. We will diversify the sinking channels, build CHiQ product experience stores, and open up new retail omni-channel and full-scenario marketing. In terms of overseas channels, the color TV business has focused on overseas e-commerce channels to lay a solid foundation for subsequent scale growth and ensure sound business operations.

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(Source: China Securities Journal·China Securities Network)

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