Morningstar analyst Jeff Zhang, robust demand for window air conditioners will boost year-over-year export sales for leading Chinese manufacturers this summer.
He predicts substantial revenue increase for Chinese manufacturers in the second and third quarters, and is confident that the convenience, low costs, and installation savings of Chinese goods will offer long-term structural advantages to leading manufacturers.
Citigroup reports that Midea's sales of residential air conditioners in Europe may increase by over 20% compared to the same quarter last year. Analysts directed by Wei Xiaopo mentioned in a report that the company foresaw higher demand and had prepared two to three times the amount of portable air conditioners for the peak season.
Haier may experience double-digit growth in Europe's air conditioning sector, which represented about 20% of the region's business last year, according to Bloomberg. Citi reports that Gree Electric's global sales make up just 15% of the company's overall revenue.
source: bloomberg.com
He predicts substantial revenue increase for Chinese manufacturers in the second and third quarters, and is confident that the convenience, low costs, and installation savings of Chinese goods will offer long-term structural advantages to leading manufacturers.
Citigroup reports that Midea's sales of residential air conditioners in Europe may increase by over 20% compared to the same quarter last year. Analysts directed by Wei Xiaopo mentioned in a report that the company foresaw higher demand and had prepared two to three times the amount of portable air conditioners for the peak season.
Haier may experience double-digit growth in Europe's air conditioning sector, which represented about 20% of the region's business last year, according to Bloomberg. Citi reports that Gree Electric's global sales make up just 15% of the company's overall revenue.
source: bloomberg.com