Homa Announces 2017 Annual & 2018 Q1 Financial Results

Homa released the full 2017 annual report and 2018 Q1 performance in April.

In 2017 the company posted annual revenue of CNY 7.0 billion and net profit of CNY 0.4 billion, recording YoY growth of 38% and 25% respectively. Homa attributed the satisfying result to cooling business performance especially the exportation sector. Cooling Business delivered a historically high peak in both total sales volume and value, recording over 8.6 million units of refrigerator and chest freezer with a turnover of CNY 6.2 billion.

In 2018 Homa continues to invest in excellence related to R&D, production efficiency, cost competitiveness and marketing support service, delivering the best-in-class cooling appliances with constant eye on design and innovation without compromise on quality. The actions mark a good start in Q1 financial result. Homa records revenue of CNY 1.7 billion and net profit of CNY 87.7 million, notably up 36% and 82% YoY.