Little Swan reports revenue surge in H1
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.
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.