Qingdao, Shandong – Haier reported a 30% jump in refrigerator sales last year to CNY 47.1bn ($7.4bn). The business had 32% gross margin, down by 1% from 2016.
Overall the world’s largest home appliance maker recorded CNY 159bn revenue in 2017, up by 34% from 2016. Net profit jumped 37% to CNY 6.9bn.