Homa Group Reports 2020 Financial Results

HomaGroup Co., Ltd. (Homa Holding) announces financial results for its fiscal year2020 ended 31 December.

TheCompany posted total revenues of CNY 8.35 billion, up 12.89% year on year.Cooling business activities from its subsidiary company Homa Appliancesaccounted for 99.67% of the total.

In 2020Homa Appliances has been experiencing a significant and unforeseen restart.

Theappliances subsidiary recorded an impressive growth with annual shipping of11.1 million units of cooling appliances and revenues of 8.33 billion CNY, anew historical peak.