Budget air con giant catches chill from tepid home economy, Middle East war
Aux Electric blamed its 13% revenue decline in the first half of 2026 on the Iran war, yuan appreciation and rising copper costs Key Takeaways: Aux reported its revenue fell…
BRIEF: Sanhua’s dual businesses drive strong profit growth
Refrigeration components maker Zhejiang Sanhua Intelligent Controls Co. Ltd. (2050.HK; 002050.SZ) said on Monday it expects to report an annual net profit of 3.87 billion yuan to 4.65 billion yuan…
BRIEF: Aux shares slump in Hong Kong trading debut
Shares of Aux Electric Co. Ltd. (2580.HK) fell 5.4% on their first trading day in Hong Kong on Tuesday, as the air conditioner maker raised nearly HK$4 billion ($513 million).…
BRIEF: Aux launches $461 million Hong Kong IPO
Air conditioning maker Aux Electric Co. Ltd. (2580.HK) launched its Hong Kong IPO on Monday, aiming to sell 207 million shares to raise up to HK$3.6 billion ($461 million). Shares…
Aux Electric blows into Hong Kong with IPO application
The air conditioner maker’s low-price strategy has helped it win customers in China, while its OEM model has won over customers abroad Key Takeaways: Aux Electric achieved 20% revenue growth…
BRIEF: Zhejiang Sanhua gets CSRC nod for Hong Kong IPO
The Chinese securities regulator approved Zhejiang Sanhua Intelligent Controls Co. Ltd.’s (002050.SZ) application to list in Hong Kong, clearing an important regulatory hurdle for the refrigerator and air condition component…
Midea boosts European footprint in its globalization drive
The home appliance maker has acquired German brand Teka, whose products are used in half of all Spanish households Key Takeaways: Midea has completed its acquisition of Teka, adding a…
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BRIEF: Sanhua’s dual businesses drive strong profit growth
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Midea boosts European footprint in its globalization drive
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