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Sichuan Changhong's profit increased 38.99% in 2011

Apr. 18, 2012 (China Knowledge) – Sichuan Changhong Electric Co Ltd<600839>, a home appliance manufacturer based in Mianyang, Sichuan Province, announced yesterday that its net profit attributed to shareholders climbed 38.99% year on year to RMB 406 million in 2011.

In a statement filed with Shanghai Stock Exchange, the home appliance manufacturer saw its operation revenue for last year rose 24.67% year on year to RMB 52 billion.

Basic earnings per share were RMB 0.1 for last year, and no dividend was declared this year, said the company.

Last year, Chonghong saw its sales of liquid crystal display or LCD products increased 25.23% year on year, and the sales of plasma display panel or PDP products plunged 64.58% than a year earlier.

The company aims to have a more than 15% growth in both operation revenue and net profit in 2012, source reported.

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