Belle FY17 H1 result

For FY17 H1, Belle's revenue is largely flat yoy at RMB 19.5bn, but operating profit drops nearly 20% yoy to RMB 2.28bn as operating margin drops from 14.7% to 11.6%. It generated free cash flow of 1.48bn. The operating profit and FCF are largely inline with my expectation. But the share price is down 7.5% … Continue reading Belle FY17 H1 result


Haier Electronics

Haier Electronics Group Company Limited (Haier) is the leading manufacturer of washing machines and water heaters in China. Its market share in terms of sales value for both products continues to rank first in China. It holds a market share of 26.9% in washing machines and 18.2% in water heaters. Since 2009, Haier has been … Continue reading Haier Electronics