BEIJING - Sichuan Changhong Electric Co Ltd, one of China's leading home appliance makers, said its net profit grew by 35.24 percent for the first six months this year.
Special Coverage: 2010 Interim Results of Listed CompaniesRevenues increased 40.18 percent year-on-year to 18.61 billion yuan for the first half this year on the back of robust growth in its sales of flat-screen TVs which were up 67 percent, as well as LCD TVs and PDP TVs, according to the statement.
The home appliance-maker also saw a sharp rise in overseas sales which climbed by 260 percent in Europe and rose by 70 percent in Australia.
Changhong's thriving business also stemmed from progress in research & development, adjustment of product structure, brand promotion and management innovation, said the statement.
