Recently, CHIGO shareholding CO. LTD released its annual operation results. Announcement shows that as of Dec.31, 2016, CHIGO achieved total annual revenue of 9.3018 billion RMB, gaining a year-on-year growth of 19.6%. The income increase was mainly due to the rapid increase of domestic sales. In 2016, CHIGO group achieved gross profit of 1.4469 billion RMB, gaining a growth of 35.8%.

Announcement said that significant growth in domestic sales and market shares owed to its adjustments on strategies. By strengthening the cooperation between traditional distributors， chainstores and e-commerce operators , CHIGO then able to exploit distribution channels and customer share value in depth. As of Dec. 31st, 2016, the group's domestic sales jumped by 39.3% to 5.3741 billion RMB. Group's overseas sales maintained relatively stable and edged up 0.3% to 3.9277 billion RMB. And due to the effect of product upgrading and destocking as well as extreme weather , CHIGO group had made a rapid growth in Europe and Africa market respectively, year on year sales rose 16.4% and 36.2%.

Li Xinghao, CHIGO’s chairman of board and president said that in 2017, the favorable factor that the business environment improvement of domestic air conditioning market will keep the development of air conditioning industry. In 2017, intelligent air conditioning is expected to continue to promote the growth in intelligent air conditioning products and consolidates its market position as an leading enterprise in the exploitation of intelligent air conditioning. We have confidence in group's business development in 2017. Although the business environment is optimistic, the global economy is still rife with political and economic uncertainty. The group will also focus on maintaining stable export growth, and strengthen the promotion of self-owned brand "CHIGO" by fully considering the potential price competition from other exporters in overseas markets.