Air Conditioners: Company and Market

air conditioners: All the company major products including refrigerators, washing machines, air conditioners and water heaters saw their market share grow during the period, Haier said, according to Xinhua China. Its refrigerators and washing machines both took over 27 percent of the whole market, said the Qingdao-based company, citing statistics compiled by China Market Monitor Company. In the first nine months, Haier raked in 3.5 billion yuan of net profit on the back of 18.8-percent growth in business revenues, which stood at 84.3 billion yuan, according to a statement the company filed to the Shanghai Stock Exchange. Haier experienced a brisk third quarter, during which the company net profit rose 22 percent and business revenue surged over 50 percent. The company attributed the performance mainly to the adjustment of its product structure, improvement in operating efficiency and contribution made by GE Appliances which Haier acquired earlier this year. (news.financializer.com). As reported in the news.