Sichuan Changhong Electric Co., Ltd, one of China's largest consumer electronics providers, is expected to a net profit of 500 million yuan (62.5 million U.S. dollars) this year, a company official said on Tuesday.

The sales revenue of the company may reach 23 billion yuan this year, said Liu Tibin, general manger of the company.

Changhong reported a net profit of 125.29 million yuan in the first half of this year, he said.

It reported a sales revenue of 17.6 billion yuan with a net profit of 285 million yuan last year.

Source: Xinhua