Reported 8 months ago
WELLENS (5283) held a shareholder meeting on June 24, 2024, with General Manager Lin Qin-hong stating that despite a loss in the first quarter due to late warm weather affecting air conditioner sales and increased expenses from moving offices and production lines to a new headquarters, the second quarter is expected to return to profit with rising temperatures post-Dragon Boat Festival boosting air conditioner performance. WELLENS focuses on developing Google TV, large light commercial air conditioners, and AI smart home appliances, expanding into specialty channels like real estate projects. Despite challenges, the company aims for revenue growth, with a new lineup including Google TV in the third quarter, and a focus on B2B channels and real estate market.
Source: YAHOO