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Midea's Q1 revenue increased by 20.5% year-on-year, net income surged by 38%, new business is experiencing explosive growth | Earnings Reports insights.
Midea's new Business performance is impressive: In the first quarter, New energy Fund and industrial technology revenue reached 11.1 billion yuan, a year-on-year increase of 45%; Asia Vets revenue was 9.9 billion yuan, a year-on-year increase of 20%; Siasun Robot&Automation revenue was 7.3 billion yuan, a year-on-year increase of 9%. Midea also announced plans to spin off Ande Intelligent Connectivity for listing on the Main Board of the Hong Kong Stock Exchange.
In Q1, HAIER SMARTHOME's revenue increased by 10% year-on-year, net profit grew by 15%, and the high-end brand Casarte saw an increase of over 20% | Earnings Reports insights.
In the first quarter, HAIER SMARTHOME achieved double growth in income and profit, and the digital inventory and digital marketing transformation in the China market continues to advance. The high-end brand Casarte saw an increase of over 20%, and the overall revenue in overseas markets grew by 12.6%.
Kweichow Moutai: In the first quarter, revenue surpassed 50 billion, Net income increased by 11.56%, and the decline in operating Cash flow has drawn attention.
In the first quarter, Kweichow Moutai's revenue exceeded 50 billion, with net income growing by 11.56% year-on-year, but the decline in operating cash flow has raised concerns. Key points summary of financial performance:...
Kweichow Moutai's Q1 Net income increased by 11.56% year-on-year, with revenue growth of 10.54%, steady demand for high-end Baijiu(Chinese Liquor) | Earnings Reports Summary.
In the first quarter, Kweichow Moutai achieved a revenue of 50.6 billion yuan, a year-on-year increase of 10.54%, and a Net income of 26.847 billion yuan, a year-on-year increase of 11.56%. The demand for high-end Baijiu remains strong, and the series of liquor Global Strategy has shown significant results.
U.S. stocks closed mixed: the three major Indexes showed different trends as investors focused on Technology stock Earnings Reports.
① Most China Concept Stocks rose, with the Nasdaq China Golden Dragon Index up 0.68%; ② IBM announced a 150 billion dollar investment plan; ③ Sony Group is reportedly considering splitting its Semiconductors business; ④ NXP Semiconductors Q1 revenue was 2.84 billion dollars, higher than market expectations.
Tesla Vietnamese Rival VinFast Sees EV Deliveries Surge 296% In Q1
