Homa First Half Profit Rises 9.89%

Homa Group (Stock 002668.SZ) reported a 9.89% rise of net profit in mid-term report, with refrigerator business still making a significant contribution of the total revenue and profit.

Revenue for the first six months is recorded RMB 3.29 billion, up 32.17% Year-on-year. Net profit also keeps seeing growth of 9.89% by recording RMB 0.19 billion. Refrigerator business has contributed 95.2% of the total revenue, with a healthy gross profit rate of 33.0%. Despite of the raw material cost keeping trendy up this year, Homa is leading in cooling export business by consistently upgrading our production capability, completing high-end product range and delivering cost competitiveness.