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Sichuan Changhong reports net profit plunge

Sichuan Changhong Electric Co, one of China's major TV makers and home appliance manufacturers, yesterday said its net profit last year plunged 91.6 percent year on year to 31.1 million yuan (US$4.6 million).

IBM buys Changhong Electric stake for 108m yuan

IBM China has bought a 1.56 percent stake in Changhong Electric Co Ltd for about 108 million yuan (US$15.79 million).

Changhong, Haier, Hisense may buy stakes in Gome

Changhong, Haier, Hisense and other household electrical appliance manufacturers may acquire stakes in troubled electrical appliance retailer Gome, according to www.Chinanews.com.cn.

Changhong hit hard by quake

The earthquake that devastated Sichuan Province on May 12 has caused losses totaling 149 million yuan for major domestic home appliance maker Sichuan Changhong Electric Co, a company announcement to the Shanghai Stock Exchange said.

Sichuan Changhong says quake losses small

Sichuan Changhong Electric Co, which suffered damage to a major production base during this month's earthquake in Sichuan province, said losses due to the quake would be minor.