Hisense Kelon Electrical Holdings Company Limited achieved a Net Profit of 117.37 Mln RMB in the first half of this year. However, Net Profit after deducting non-recurrent gains and losses was 36.18Mln RMB compared with -37.43 Mln RMB for the same period last year.

The company said that during the reporting period it was quite important for the company to recover funds from disposal of idle assets to meet the demands for funds during seasonal peak periods and improve structure and quality of the company's assets. The company reported that the Net Profit from disposal of idle assets was 67 Mln RMB.

In addition, the company signed an 'Agreement of Credit’s Rights Transfer' with Fushan Shunde Shunrong Investment Co., Ltd. The company will transfer credit rights of Fushan Deshun Jiegao Investment Limited to Fushan Shunde Shunrong Investment Co., Ltd. at 142 Mln RMB and cut off the provision for Bad Debts. The company claimed that this transfer of credit rights contributed 57.07Mln RMB Net Profit to the company.