Qingdao Haier Q3 Net Surged 48.88%

Qingdao Haier Co., Ltd. (SHSE: 600690, SEHK: 1169) earned CNY 300.690 million net profit attributable to the listed company's shareholders for the third quarter of 2009, with a 48.88% surge year on year, the Chinese home appliance maker announced in its fiscal report on October 23.

Earnings per share hit CNY 0.225. Fully diluted return ratio on net assets was 3.99%. By the end of the quarter, total assets had had CNY 16.912 billion, compared with CNY 12.231 billion at the end of the prior year; owners' equity CNY 7.543 billion, compared with CNY 6.774 billion at the end of the prior year; and net assets per share attributable to the listed company's shareholders CNY 5.64, compared with CNY 5.06 at the end of the prior year.

For the first three quarters of 2009, net profit attributable to the listed company's shareholders was CNY 966.440 million, with a 28.7% rise year on year. Earnings per share stood at CNY 0.722. Fully diluted return ratio on net assets was 12.81%.

Source: www.cs.com.cn (October 23, 2009)

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