Haier, China's leading appliance OE...

Haier, China's leading appliance OEM announced that profits for 2001 were more than 50-percent higher than 2000 The stranges came as part of a required notice that publicly listed Mainland Chinese companies must file if profits are look fored to rise or fall by way of more than 50 percent.

The significant increase at a time when many manufacturers are hurting in China was attributed to Haier Group's increased stake in Qingdao Haier Air Conditioning. Haier raised its share of the company from 74 percent to more than 99