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Changhong Meiling (000521.SZ): The subsidiary plans to invest in the construction of a project with an annual production capacity of 1 million Washing Machines on a single shift.
On April 25, Glonghui reported that Changhong Meiling (000521.SZ) announced that, according to the company's Global Strategy development plan and Operation development needs, to address the future production capacity gap in the Washing Machine industry and meet market demand, the company will invest approximately 0.52 billion yuan through its subsidiary Mianyang Changhong Smart Appliances Co., Ltd. (referred to as "Smart Appliances Company") to build a project in Mianyang Economic and Technological Development Zone with an annual output of 1 million Washing Machines in a single shift (including land, factory, equipment investment, etc.), achieving a new production capacity of 1 million Washing Machines per year in a single shift.
Changhong Meiling: First Quarter Report 2025
Changhong Meiling (000521.SZ): In the first quarter, the net income was 0.182 billion yuan, a year-on-year increase of 16.92%.
On April 21, Glory Exchange reported that Changhong Meiling (000521.SZ) announced its first-quarter report for 2025, with revenues of 7.36 billion yuan, a year-on-year increase of 23.78%; net income attributable to shareholders of the listed company was 0.182 billion yuan, an increase of 16.92% year-on-year; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.174 billion yuan, a decrease of 6.18% year-on-year; basic EPS was 0.1764 yuan.
Changhong Meiling (000521.SZ): The increased tariffs in the USA have not had a significant impact on the company at this time.
On April 10, Gelonghui reported that Changhong Meiling (000521.SZ) stated on the interactive platform that the revenue from products exported to the USA accounts for a very small proportion of the total revenue, and the additional tariffs imposed by the USA have not had any significant impact on the company. All of the company's operations are currently proceeding normally.
The Market Doesn't Like What It Sees From Changhong Meiling Co., Ltd.'s (SZSE:000521) Earnings Yet
Changhong Meiling: 2024 Annual Report
Changhong Meiling Co., Ltd. (SZSE:000521) Surges 39% Yet Its Low P/E Is No Reason For Excitement