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Suning, one of China's leading home appliance retailers, saw its net profits more than double in 2006 due to rapid expansion.

The retail giant reported 720 million yuan (90 million U.S. dollars) in net profits last year, up 105.43 percent over 2005.

Sales revenue reached 24.9 billion yuan, up 56.42 percent year on year, of which sales of televisions, cell phones and computers accounted for more than 50 percent.

(For more biz stories, please visit Industry Updates)