Brand development of Guangzhou Wanbao Group Co., Ltd.

Vigorously expand its own brand products. It is an important step to implement Wanbao brand strategy by acquiring 60% equity of home appliance company. Guangzhou Wangu Compressor Co., Ltd. was established as a joint venture with Hong Kong Meigu Company based on the automobile air conditioning compressor project. Guangzhou Wanbao Special Refrigeration Equipment Co., Ltd. was established on the basis of independent research and development of biochemical incubators, medicine boxes and low-temperature refrigerators, realizing the differentiated development of independent brands. Last year, the production and sales volume of "Huaguang" brand refrigerator compressors of Refrigerator Co., Ltd. reached 4.06 million units, an increase of 27% over the previous year, ranking first in the same industry in China. The production and sales of "Wanbao" brand refrigerators of refrigerator company exceeded the mark of 6.5438+0.7 million units, with the production and sales volume of 6.5438+0.7 million units, an increase of 25.7% over the previous year; 820,000 refrigerators are exported.