BEIJING, Sept. 2 (Xinhua) -- The Qingdao Haier Co. Ltd., one of the world's leading home appliance makers, said its net profit in the first half of the year grew 10 percent to 4.86 billion yuan (about 712.5 million U.S. dollars).
The company's operating revenue climbed 14.19 percent to 88.59 billion yuan during the period, it said in the financial report of the first half of the year filed to the Shanghai Stock Exchange.
Its revenue from overseas sales reached 35.8 billion yuan, accounting for 40.4 percent of the total. Earnings per share stood at 0.797 yuan, up 10.08 from a year earlier, according to the report.
The company attributed its profit growth to expanding market share due to product innovation and domestic consumption upgrades.
Looking ahead, the company expected the country's continued house purchase curbing policies to weigh on sales of home appliances such as air conditioners and kitchen appliances in the second half of the year, while ongoing consumption upgrades will further boost the sector's development.