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Electronic information

Haier 2007 net profit rose 18.27% less than expected

In Electronic Infomation Category: R | on November   1, 2010

Today, Chinas largest listed companies in white - Qingdao Haier Co., Ltd. (600690.SH, the "Haier") announced the 2007 annual report, operating income last year, 29.47 billion yuan, an increase of 26.94%; net profit of 754 million yuan, an increase of 18.27%. Haier has released forecasted before the announcement said it expects 2007 net profit growth of 50% or more, the report is clearly less than expected.

A securities industry analysis, net profit rose less than expected last year, Haier, Haier may be the recent resignation of five consecutive one reason executives.

Haier has four executives will resign next stock options can not enjoy the benefits of incentive programs.

Yesterday, Haier daily limit to close at 11.78 yuan / share, up 1.07 yuan / share. Although Haier, according to today released annual results for 2007 to meet the vesting conditions, but because of the four executives had resigned, which means the exercise of its waiver of rights, each person suffers the loss of several million dollars.

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