Lit­tle Swan re­ports rev­enue surge in H1

China Daily (Hong Kong) - - BUSINESS -

Wuxi Lit­tle Swan Co Ltd, a ma­jor wash­ing ma­chine man­u­fac­turer in China, saw its rev­enue and net profit surge in the first half of 2017, partly due to in­no­va­tion and higher qual­ity. Busi­ness rev­enue jumped 32.4 per­cent year-on-year to 10.57 bil­lion yuan ($1.57 bil­lion) in the first half of this year, ac­cord­ing to a re­port the com­pany filed to the Shen­zhen Stock Ex­change. Net prof­its climbed 26 per­cent year-onyear to 730 mil­lion yuan, reg­is­ter­ing a gross profit rate of 25.6 per­cent, said the com­pany. Earn­ings per share was 1.16 yuan, up 26.09 per­cent yearon-year. The com­pany, based in East China’s Jiangsu prov­ince, at­trib­uted its strong per­for­mance to the “deep­en­ing busi­ness trans­for­ma­tion, strength­ened R&D and in­no­va­tion, higher qual­ity, and grow­ing over­seas mar­ket.” state­ment on its web­site. Due to a prob­lem with the elec­tronic steer­ing sup­port cal­i­bra­tion soft­ware, the elec­tronic steer­ing sup­port sys­tem could re­port fault code, and the sys­tem could fail un­der some ex­treme cir­cum­stances, it said. Shang­hai GM, a joint ven­ture be­tween Gen­eral Mo­tors Co of the United States and SAIC Mo­tor of China, will up­grade the soft­ware to elim­i­nate the po­ten­tial safety haz­ard, said the state­ment. and Ctrip, over 62 mil­lion Chi­nese cit­i­zens trav­eled abroad in the first half of 2017, up 5 per­cent year-on-year. About 58 per­cent of the tourists are trav­el­ling in­de­pen­dently and 42 per­cent are on group tours. The lan­guage bar­rier is one of the main rea­sons that tourists choose group tours, said Ctrip. It said more ef­fi­cient trans­la­tion ser­vices will help more peo­ple to travel abroad.

TONG YU / FOR CHINA DAILY

A boy ad­mires a Lego bricks’ model of the tra­di­tional cul­tural street in Tian­jin at the open­ing of a new Lego store in the city on Sun­day.

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