Changhong's net profit reached 148 million yuan in the first quarter

On the evening of April 18, Changhong Jiahua (8016.HK), a listed company of Changhong’s IT product distribution business, announced its first quarter 2013 financial results. On April 19th, Changhong A-share listed companies such as Sichuan Changhong (600839), Huayi Compression (000404) and Meiling Electrical Appliances (000521) also issued the 2013 quarterly report. In the end, the performance of the four listed companies rose across the board. Some analysts stated that Changhong’s black and white power performances have both increased significantly, becoming the first successful case of “black + white” in the Chinese home appliance industry.

Sichuan Changhong's net profit for the first quarter of this year reached 148 million yuan, a year-on-year increase of 39.91%. Meiling Electric had a net profit of 40,877,800 yuan in the first quarter of this year, a year-on-year increase of 18.12%. Huayi compressed its first-quarter net profit to 35,758,800 yuan, a year-on-year increase of 586.94%.