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Qingdao Haier's 2011 net profit up 20.09%

Apr. 2, 2012 (China Knowledge) - Qingdao Haier Co Ltd<600690>, China's largest listed home appliance producer, has announced that its net profit jumped 20.09% year on year to RMB 2.69 billion last year.

Basic earnings per share were RMB 1.0 in 2011, and the company proposed a dividend of RMB 1.7 per ten shares for last year.

Qingdao Haier saw its revenue grow 13.86% year on year to RMB 73.66 billion last year.

Revenue from refrigerator business climbed 5.89% from the previous year to RMB 12.22 billion, and that from air-conditioners rose 6.19% to RMB 12.10 billion.

In 2011, Qingdao Haier had the largest shares in the domestic refrigerator, washing machine and water heater markets. The company was ranked third in the country's air-conditioner market with a share of 10.67%.

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