Homa Announces Profit up 15.27% in Q1

Homa Group sees operating revenue of RMB1.24 billion in 2017 Q1, a year-on-year increase of 13.53%. Net profit attributable to the company was RMB 48.20 million, seeing a healthy growth of 15.27%.

Driven by the satisfactory performance in both internet financing and cooling business unties, the company’s market value has increased to approximately RMB 12.7 billion, nearly 7 times compared with IPO.

Homa as one of the largest global home appliance manufacturers, will not hesitate our efforts and investments in cooling business. In Q1 many product categories achieved their highest-ever sales performance, ensuring that our product competitiveness and value see continuing growth.