Haier Electronics Group Co., Ltd. is an investment holding company. Through its subsidiaries, the Company is engaged in the manufacture and sale of washing machines and water heaters, as well as the provision of integrated channel services, including the provision of logistics services and distribution of home appliances and other products. The company operates in three segments: washing machine business segment, which manufactures and sells washing machines; water heater business segment, which manufactures and sells water heaters, and integrated channel services segment, which provides logistics, after-sale and other value-added consumer services, as well as sells and distributes home appliances and other products. The Company’s subsidiaries include Qingdao Haier Washing Machine Co., Ltd., Foshan Shunde Haier Electric Co., Ltd., Hefei Haier Washing Machine Co., Ltd. and Foshan Shunde Haier Intelligent Electronic Co., Ltd., among others.