On the evening of August 27, Haier Smart Home, Supor and Robam released their half-year reports. Affected by domestic and international market conditions, all three mainstream home appliance companies saw declines in both volume and profit in the first half. Data from AVC shows that in the first half of the year, total retail sales of all categories in China's home appliance industry reached 425 billion yuan, down 9.9 percent year on year, with a 6 percent decline in the first quarter and a 12.4 percent decline in the second quarter. Haier Smart Home's first-half operating revenue was 152.115 billion yuan, down 2.8 percent year on year, with net profit attributable to the parent company of 10.316 billion yuan, down 14.27 percent, and foreign exchange losses of 704 million yuan. Supor's revenue was 11.4 billion yuan, down 0.59 percent year on year, with net profit attributable to the parent company of 868 million yuan, down 7.7 percent. Robam's revenue was 3.972 billion yuan, down 13.78 percent year on year, with net profit attributable to the parent company of 578 million yuan, down 18.75 percent, and it plans to pay a cash dividend of 5 yuan per 10 shares. Looking ahead to the second half of the year, the decline in the size of the domestic home appliance market is expected to narrow, and companies are streamlining their organizational structures to reduce costs and improve efficiency.
Zhejiang Supor Co LtdRevenue and profit fell in the first half amid market downturn.
Hangzhou Robam Appliances Co LtdRevenue and profit dropped significantly in the first half.
Qingdao Haier Co LtdFirst-half revenue and profit declined due to weak market demand.
