Sichuan Changhong's first-half net profit decreased by 608.83% compared with the same period last year, ranking first in the industry in terms of color TV and refrigerator sales.

SMM: a few days ago, Sichuan Changhong released the 2020 China report that the company's operation improved in the second quarter, and the year-on-year decline in revenue and profit in the first half was narrower than that in the first quarter, superimposed by relevant factors. during the reporting period, the company realized operating income of 38.027 billion yuan, a decrease of 4.85% over the same period last year, and a net profit of-260 million yuan, a decrease of 608.83% over the same period last year.

In the first half of 2020, the company's retail volume and volume of color TV sets and refrigerators continued to rank first in the domestic industry, but it still faced the impact of domestic and foreign brands competing for market share at low prices; refrigerator compressor business ranked first in both the global and domestic markets; and IT integrated services and special power supply businesses continued to maintain a leading position in market segments.

Color TV products: after years of development, the intelligent TV terminal market is in the forefront of the industry, and has formed a strong competitiveness in technological innovation, intelligent manufacturing and other fields. The company promotes the development and application of artificial intelligence, Internet of things and new materials, new processes and new forms of product technology, and maintains a leading position in the industry in ultra-high definition laser display key technologies, intelligent voice systems, voiceprint payment systems, etc.; it has mature technology and application experience in the centralized management and application of intelligent home terminals.

In terms of white power products: the company adheres to the two major product strategies of intelligence and frequency conversion, continues to increase investment in basic technology research, and maintains industry leadership in intelligence, air cooling, fresh-keeping, clean flavor, frequency conversion, thin wall and cryogenic. In terms of product development, combined with the results of technical research and the demand for consumer upgrading, the product structure has been upgraded in an orderly manner, and the innovative products represented by the "very clean" series of clean-flavor refrigerators have enriched the product array and enhanced the brand image.

Ice pressure products: as a leading enterprise in the ice pressure industry, the company has core advantages and strong competitiveness in terms of production and marketing scale, R & D technology, customers, brands and so on. Continue to maintain the first market share of the global refrigerator compressor industry and expand the leading edge. In terms of technological innovation, the company's overall R & D capability is at the leading level in the global industry, and has strong technical advantages in high efficiency, frequency conversion and commercial products. With the effective operation of Changhong Huayi (China) Commercial Technology Center, the company's R & D capability of commercial compressors has been further improved.

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