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Hisense Electric's profit over double in 2011

Apr. 10, 2012 (China Knowledge) - Hisense Electric Co Ltd<600060>, a Chinese household electrical appliances manufacturer announced yesterday that its net profit attributed to shareholders jumped 102% year on year to RMB 1.69 billion in 2011, mainly due to strong sales in developed countries.

Operation revenue for last year increased 10% year on year to RMB 23.5 billion, and earnings per share were RMB 1.95, up 102% year on year.

In 2011, Hisense saw its TV sales accounted for 14.77% of domestic market with 15.68% in LCD TVs, 20% in LED TVs, 20.2% in 3DTVs and 20.01% in smart TVs.

Last year, the electrical appliances producer received RMB 89 million in policy compensation, RMB 54 million more than that of 2010.

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