Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 24% over the past three years. Declared Dividend • Jun 15
Dividend increased to CN¥0.67 Dividend of CN¥0.67 is 131% higher than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (209% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is less than the 69% EPS growth achieved over the last 5 years. Announcement • May 12
Whirlpool China Co., Ltd., Annual General Meeting, Jun 02, 2026 Whirlpool China Co., Ltd., Annual General Meeting, Jun 02, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei High-tech Industrial Development Zone, Anhui China New Risk • Apr 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 209% High level of non-cash earnings (22% accrual ratio). Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.26 in FY 2024) Full year 2025 results: EPS: CN¥0.68 (up from CN¥0.26 in FY 2024). Revenue: CN¥4.50b (up 23% from FY 2024). Net income: CN¥519.7m (up 158% from FY 2024). Profit margin: 12% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Whirlpool China Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Whirlpool China Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.57, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 32x in the Consumer Durables industry in China. Total returns to shareholders of 81% over the past three years. Announcement • Dec 26
Whirlpool China Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Whirlpool China Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.031 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.031 in 3Q 2024). Revenue: CN¥1.11b (up 24% from 3Q 2024). Net income: CN¥101.1m (up 360% from 3Q 2024). Profit margin: 9.1% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Whirlpool China Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Whirlpool China Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.039 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.039 in 2Q 2024). Revenue: CN¥976.0m (up 32% from 2Q 2024). Net income: CN¥99.7m (up 379% from 2Q 2024). Profit margin: 10% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Whirlpool China Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Whirlpool China Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • May 23
Whirlpool China Co., Ltd., Annual General Meeting, Jun 13, 2025 Whirlpool China Co., Ltd., Annual General Meeting, Jun 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei High-tech Industrial Development Zone, Anhui China Board Change • May 13
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Linling Wu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 28
Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.031 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.031 loss in 3Q 2023). Revenue: CN¥890.8m (down 5.2% from 3Q 2023). Net income: CN¥22.0m (up CN¥43.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.24, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 10% over the past three years. Announcement • Mar 28
Whirlpool China Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Whirlpool China Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Large one-off items impacting financial results. New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Announcement • Dec 27
Whirlpool China Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Whirlpool China Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥11.74, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 51% over the past three years. New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.031 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.031 loss in 3Q 2023). Revenue: CN¥890.8m (down 5.2% from 3Q 2023). Net income: CN¥22.0m (up CN¥43.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Whirlpool China Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Whirlpool China Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 221% Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 26
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to CN¥7.07. The fair value is estimated to be CN¥5.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 200% Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 05
Now 24% overvalued Over the last 90 days, the stock has fallen 17% to CN¥7.29. The fair value is estimated to be CN¥5.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 28
Whirlpool China Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Whirlpool China Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • May 23
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. Employee Supervisor Guang Yang is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • May 01
Whirlpool China Co., Ltd., Annual General Meeting, May 20, 2024 Whirlpool China Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Buy Or Sell Opportunity • Apr 01
Now 20% overvalued Over the last 90 days, the stock has fallen 4.8% to CN¥8.64. The fair value is estimated to be CN¥7.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Mar 29
Whirlpool China Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Whirlpool China Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Feb 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Feb 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to CN¥6.27. The fair value is estimated to be CN¥8.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥6.92, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 23% over the past three years. Announcement • Dec 29
Whirlpool China Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Whirlpool China Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Dec 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 18% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.031 loss per share (vs CN¥0.083 loss in 3Q 2022) Third quarter 2023 results: CN¥0.031 loss per share (improved from CN¥0.083 loss in 3Q 2022). Revenue: CN¥939.5m (up 4.8% from 3Q 2022). Net loss: CN¥21.6m (loss narrowed 66% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.77 loss in FY 2021) Full year 2022 results: EPS: CN¥0.04 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥4.26b (down 14% from FY 2021). Net income: CN¥27.9m (up CN¥616.9m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥19.03 loss per share (vs CN¥0.13 loss in 3Q 2021) Third quarter 2022 results: CN¥19.03 loss per share. Revenue: CN¥896.2m (down 23% from 3Q 2021). Net loss: CN¥64.0m (loss narrowed 35% from 3Q 2021). Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.15 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.005 (up from CN¥0.15 loss in 2Q 2021). Revenue: CN¥1.23b (up 8.5% from 2Q 2021). Net income: CN¥6.99m (up CN¥111.5m from 2Q 2021). Profit margin: 0.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.02 loss per share (up from CN¥0.03 loss in 1Q 2021). Revenue: CN¥1.22b (down 14% from 1Q 2021). Net loss: CN¥18.3m (loss narrowed 26% from 1Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 86%. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.13 loss per share (vs CN¥0.003 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥1.16b (down 15% from 3Q 2020). Net loss: CN¥97.9m (down CN¥99.9m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 20
Second quarter 2021 earnings released: CN¥0.15 loss per share (vs CN¥0.011 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥1.13b (down 11% from 2Q 2020). Net loss: CN¥104.5m (loss widened CN¥95.9m from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 26
Full year 2020 earnings released: CN¥0.20 loss per share (vs CN¥0.42 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥4.94b (down 6.4% from FY 2019). Net loss: CN¥149.7m (loss narrowed 54% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 10
New 90-day high: CN¥7.59 The company is up 15% from its price of CN¥6.61 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: CN¥6.10 The company is down 14% from its price of CN¥7.08 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥367.5m, with losses widening by 125% from the prior year. Total revenue was CN¥4.73b over the last 12 months, down 18% from the prior year. Announcement • Oct 20
Whirlpool China Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Whirlpool China Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Aug 26
Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. intent to make an offer to acquire 61% stake in Whirlpool China Co., Ltd. (SHSE:600983) from Whirlpool Corporation (NYSE:WHR) and others for CNY CNY 2.4 billion. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. offered to acquire 61% stake in Whirlpool China Co., Ltd. (SHSE:600983) from Whirlpool (China) Investment Co., Ltd. and others for CNY 2.4 billion on August 21, 2020. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. will acquire the shares of Whirlpool China Co., Ltd. at CNY 5.23 per share. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. expects to acquire not less than 51% and more than 61% stake of Whirlpool China Co., Ltd. Whirlpool (China) Investment Co., Ltd. owns 51% stake in Whirlpool China Co., Ltd. The tender offer is subject to regulatory approvals and Whirlpool China Co., Ltd's board approval, and shares cannot be tendered until regulatory transfer restrictions expire on February 1, 2021. Announcement • Jul 08
Whirlpool China Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Whirlpool China Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020