Announcement • 22h
Hisense Home Appliances Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Hisense Home Appliances Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Announcement • Jun 26
Hisense Home Appliances Group Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2025, Payable on or About 14 August 2026 Hisense Home Appliances Group Co., Ltd. announced that at the AGM held on 25 June 2026 approved the declaration and payment of a final dividend of RMB 12.65 per 10 Shares (tax inclusive) for the year ended 31 December 2025. The dividend of H Shares will be paid to the holders of H Shares whose names appear on the register of members of the Company on 10 July 2026 (the Record Date). The register of members of the Company will be closed from 3 July 2026 to 10 July 2026 (both days inclusive) during which period no transfer of the Shares will be registered. The Company has appointed Bank of China (Hong Kong) Limited as the receiving agent in Hong Kong (the Receiving Agent) and will pay to the Receiving Agent the final dividend declared for payment to holders of H Shares. Final dividend will be paid by the Receiving Agent and relevant cheques are expected to be despatched on or about 14 August 2026 to holders of H Shares entitled to receive such dividend by ordinary post at their own risk. Announcement • Jun 20
Hisense Brings Smarter Home Experiences To Families During The FIFA World Cup 2026 Hisense had helped families enjoy the excitement of the FIFA World Cup 2026 beyond the screen by creating smarter, more connected home experiences through its latest home appliance innovations. Guided by its vision of “Innovating a Brighter Life,” Hisense continued to advance the Hisense Suite, a unified home ecosystem built around connected experiences. More than a collection of smart products, the Hisense Suite represented a new approach to organizing the home around the realities of everyday life—how people cook, relax, manage comfort, and spend meaningful time together. Powered by AI connectivity, it created “A Unified AI Home Ecosystem,” where the value came not only from what each product did individually, but from how they worked together seamlessly. At the heart of the experience was the PureFlat Smart Series Refrigerator, designed for today’s social kitchen lifestyle. Featuring a large smart display and integrated connectivity, it helped families manage food, plan meals and recipes, access entertainment, and stay connected while preparing for match-day gatherings. Its built-in ice and water dispenser provided convenient access to chilled refreshments—an essential feature for families and football fans gathering to enjoy match-day celebrations. Whether hosting friends for a game-night celebration or sharing everyday family meals, the refrigerator served as a hub for interaction and convenience. This commitment to fresher and smarter living was also reflected in Hisense’s FIFA World Cup 2026 pitch-side advertising message, “Hisense Fridge, Smart Cooling, Fresh Living,” connecting the excitement of football with everyday family experiences at home. Creating a comfortable home environment was another way families cared for the people they loved. Designed to deliver cleaner, healthier, and more personalized comfort, the Hisense Air Master Air Conditioner combined intelligent climate control with smart eye pro and advanced air care technologies. By helping maintain an ideal indoor environment throughout the year, it enabled families to relax, recharge, and enjoy quality time together in greater comfort. As families gathered to celebrate football’s biggest moments, Hisense continued to bring innovation beyond the screen, transforming everyday living through connected experiences that made every moment at home more enjoyable. Announcement • Jun 01
Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 25, 2026 Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 25, 2026, at 15:00 China Standard Time. Location: No. 88, Xianggang East Road, Qingdao, Shandong China Announcement • May 11
Hisense Unveils XR10 Laser Projector Hisense unveiled the XR10, a premium laser projector designed to deliver true cinematic immersion at home. XR10 combines powerful performance with refined design, bringing a big-screen experience into everyday life--whether for movies, gaming, or shared family moments. With 6,000 ANSI lumens, XR10 ensures bright, vivid visuals even in well-lit spaces, so users can enjoy clear, lifelike images from morning news to late-night movies--no need to dim the room. Its industry-widest 0.84–2.0:1 optical zoom and 4K Lossless lens shift (±130% vertical, ±46% horizontal) make setup effortless, projecting perfectly aligned images up to 300 inches, turning any wall into a truly cinematic canvas that adapts naturally to different room layouts. An advanced Iris Lens boosts viewing contrast up to 60,000:1, automatically adapting to each scene--revealing subtle details in shadow and adding depth and intensity to every highlight, so stories feel more immersive and emotionally engaging, whether you're watching a blockbuster or a quiet drama. The experience is further elevated with sound co-engineered with Devialet | Opéra de Paris, creating rich, room-filling audio that brings viewers closer to the action. Powered by Auto Magic AI Adjusting 3.0, along with QuadCam and ToF Smart Sense, XR10 intelligently optimizes picture quality and alignment in real time, enabling a truly effortless, plug-and-play experience. An advanced liquid cooling system ensures stable, consistent performance, even during extended viewing sessions, maintaining brightness and image quality over time. Building on its broader display innovation strategy, Hisense continues to expand large-screen solutions across both home cinema and living room environments. With XR10, Hisense brings cinema closer, more immersive, and seamlessly integrated into everyday life, transforming how people experience content at home. Reported Earnings • Apr 29
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: CN¥0.76 (down from CN¥0.83 in 1Q 2025). Revenue: CN¥23.1b (down 7.2% from 1Q 2025). Net income: CN¥1.03b (down 8.2% from 1Q 2025). Profit margin: 4.5% (in line with 1Q 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Hisense Home Appliances Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Hisense Home Appliances Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥2.33 (down from CN¥2.46 in FY 2024). Revenue: CN¥87.9b (down 5.2% from FY 2024). Net income: CN¥3.19b (down 4.8% from FY 2024). Profit margin: 3.6% (in line with FY 2024). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
Hisense Home Appliances Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Hisense Home Appliances Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: CN¥0.54 (down from CN¥0.57 in 3Q 2024). Revenue: CN¥22.2b (up 1.2% from 3Q 2024). Net income: CN¥735.2m (down 5.4% from 3Q 2024). Profit margin: 3.3% (down from 3.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Announcement • Sep 30
Hisense Home Appliances Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Hisense Home Appliances Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Sep 18
Hisense Home Appliances Group Co., Ltd. Appoints Fang Xue Yu as an Executive Director and Member of the Strategy Committee, Effective 18 September 2025 Hisense Home Appliances Group Co., Ltd. at its EGM held on September 18, 2025 announced the appointment of Ms. Fang Xue Yu as an executive director of the twelfth session of the board of directors of the Company, with effect from 18 September 2025. Ms. Fang will also be elected as a member of the Strategy Committee of the twelfth session of the Board. Declared Dividend • Aug 10
Dividend increased to CN¥1.23 Dividend of CN¥1.23 is 21% higher than last year. Ex-date: 15th August 2025 Payment date: 15th August 2025 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 26% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.69 (down from CN¥0.76 in 2Q 2024). Revenue: CN¥24.5b (down 2.6% from 2Q 2024). Net income: CN¥949.2m (down 8.3% from 2Q 2024). Profit margin: 3.9% (down from 4.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Jul 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jul 07
Hisense Makes Home Smarter to Help Fans 'Own the Moment' During FIFA Club World Cup 2025 Through Its Latest Lineup of Smart Living Innovations Hisense announced empowering fans to fully "Own the Moment" during the FIFA Club World Cup 2025-- not just on screen, but throughout their daily lives at home. Through its latest lineup of smart living innovations, Hisense is reducing the home experience with intelligent comfort, convenience, and emotional wellbeing. From pre-game prep to post-match relaxation, Hisense smart appliances enhance every touchpoint of daily life. The Hisense Uni Series Air Conditioner delivers clean, balanced air using the brand's TMS Comfort Control System and HI-NANO sterilization technology. Easily controlled via app or Voice Assistant, it ensures a quiet, refreshing environment -- so fans can wake up clear-headed and energized for the day's big match. In the kitchen, the PureFlat Smart Series Refrigerator acts as a central hub for modern households. Its 21-inch smart screen offers recipe suggestions, message board, and food inventory tracking. Independent cooling zones and antibacterial protection ensure food stays fresh and safe, while ConnectLife APP allows remote control of settings and alerts -- giving users peace of mind and uninterrupted enjoyment. For busy households managing work, fitness, and family, the Hisense 5i Series laundry products offers unmatched flexibility. Featuring fast cycles like a 30-minute wash for 5kg and a 29-minute dry for 1kg loads, it adapts to dynamic schedules without compromising performance. Its iJet deep-cleaning system improves 38% of washing efficiency, while the iPlay screen ensures 3.55 inches intuitive operation. The space-saving iFit design and the max drum make loading easier and more ergonomic. Together, these smart home solutions reflect Hisense's vision for human-centric innovation: simplifying everyday tasks to create more room for comfort, clarity, and connection -- so fans can focus on the excitement of the game, not chores. Announcement • Jul 02
Hisense Home Appliances Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Hisense Home Appliances Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 25
Hisense Home Appliances Group Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2024, Payable on 15 August 2025 Hisense Home Appliances Group Co., Ltd. at its AGM held on June 25, 2025, approved the ordinary final dividend of RMB 12.3 per 10 share for the year ended 31 December 2024. Payment date is on 15 August 2025. Record date: July 10, 2025. Announcement • May 31
Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 25, 2025 Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 25, 2025, at 15:00 China Standard Time. Location: conference room of hisense international centre, no.88 hong kong east road, qingdao city, shandong province, China Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: CN¥0.83 (vs CN¥0.72 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.83 (up from CN¥0.72 in 1Q 2024). Revenue: CN¥24.8b (up 5.8% from 1Q 2024). Net income: CN¥1.13b (up 15% from 1Q 2024). Profit margin: 4.5% (up from 4.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥25.11, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 149% over the past three years. Announcement • Mar 31
Hisense Home Appliances Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hisense Home Appliances Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥2.46 (up from CN¥2.08 in FY 2023). Revenue: CN¥92.7b (up 8.3% from FY 2023). Net income: CN¥3.35b (up 18% from FY 2023). Profit margin: 3.6% (up from 3.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥33.39, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥66.07 per share. Announcement • Dec 31
Hisense Home Appliances Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Hisense Home Appliances Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Dec 24
Hisense Group Plans to Acquire A Stake of Up to 26% in Epack Manufacturing Technologies Hisense Home Appliances Group Co., Ltd. (SZSE:000921) China's largest television manufacturer and among its largest appliance makers, is planning to acquire a stake of up to 26% in Indian contract manufacturer EPACK Durable Limited (NSEI:EPACK)'s wholly owned subsidiary, said a top executive. Epack is building a large manufacturing facility in Sri City, Andhra Pradesh, to produce air conditioners, refrigerators, washing machines and small domestic appliances under the Hisense brand. The factory will be set up by the newly created subsidiary, Epack Manufacturing Technologies where Hisense will acquire the stake. "Hisense is in talks to buy up to 26% equity in Epack Manufacturing Technologies," Epack Durable's managing director Ajay DD Singhania told ET. "They have big plans for India and want to even export. There will be a component vendor park too. We have applied for 80-100 acres for the land in Sri City and total investment plans are still under finalisation," he added. Singhania did not disclose Epack's valuation or the proposed investment which the subsidiary will make. Hisense did not respond to email queries. Announcement • Nov 22
Hisense Home Appliances Group Co., Ltd. Announces Chief Financial Officer Changes The Board of Hisense Home Appliances Group Co., Ltd. announced that due to work adjustment, Ms. Gao Yu Ling has ceased to be the Chief Financial Officer with effect from 21 November 2024. Ms. Gao has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited, other Directors and the shareholders of the Company.
The Board also announced that Mr. Sun Chang Chun ("Mr. Sun") has been appointed as the Chief Financial Officer with a term of office commencing from 21 November 2024 and expiring at the expiry date of the twelfth session of the Board. Mr. Sun, aged 41, Bachelor's degree, served successively as a cost accounting specialist, a cost supervisor, a deputy director and a director of the finance department of Hisense (Shandong) Air Conditioning Company Limited, and the chief financial officer of Hisense International Marketing Europe Holding Co. Mr. Sun was the general manager of the financial and operation management department of Hisense Air Conditioning Company Limited from March 2021 to July 2024. He has been the general manager of the financial and operation management department and the deputy chief accountant of Qingdao Hisense Hitachi Air-Conditioning Systems Co., Ltd. since July 2024. Ms. Gao, aged 42, Master of Management, served successively as the deputy director of the finance center of Hisense Visual Technology Co., the general manager and deputy chief accountant of financial and operation management department of Hisense Company Limited, the general manager and the deputy chief accountant of financial and operation management department of Hisense Group Holdings Limited, the Director, the chief financial officer of the Company (the "Chief Financial Officer") and the chief accountant of the Company. Ms. Gao has been the Chairperson since November 2024. Announcement • Nov 21
Hisense Home Appliances Group Co., Ltd. Announces Board and Committee Changes The board of directors of Hisense Home Appliances Group Co., Ltd. announced that due to reaching the retirement age and his personal choice, Mr. Dai Hui Zhong ("Mr. Dai") has ceased to be the chairman of the Board (the "Chairman"), the chairman of the strategic committee of the Company (the "Strategic Committee"), the chairman of the environmental, social and governance Committee of the Company (the "ESG Committee") with effect from 21 November 2024. Mr. Dai will continue to serve as an executive Director, a member of the ESG Committee and a member of the nomination committee of the Company. The Board announced that Ms. Gao Yu Ling ("Ms. Gao"), an executive Director of the Company, has been appointed as the chairperson of the Company ("Chairperson") with a term of office commencing from 21 November 2024 and expiring at the expiry date of the twelfth session of the Board. Ms. Gao, aged 42, Master of Management, served successively as the deputy director of the finance center of Hisense Visual Technology Co., the general manager and deputy chief accountant of financial and operation management department of Hisense Company Limited, the general manager and the deputy chief accountant of financial and operation management department of Hisense Group Holdings Limited, the Director, the chief financial officer of the Company (the "Chief Financial Officer") and the chief accountant of the Company. Ms. Gao has been the Chairperson since November 2024. The Board announced that Ms. Gao has been appointed as a member and the chairperson of the Strategic Committee, and the chairperson of the ESG Committee. The term of office shall commence from 21 November 2024 and expire at the expiry date of the twelfth session of the Board. The Board announced that due to work adjustment, Ms. Gao has ceased to be the chief accountant of the Company with effect from 21 November 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: CN¥0.57 (down from CN¥0.69 in 3Q 2023). Revenue: CN¥21.9b (flat on 3Q 2023). Net income: CN¥777.2m (down 16% from 3Q 2023). Profit margin: 3.5% (down from 4.2% in 3Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥29.49, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 170% over the past three years. Announcement • Sep 30
Hisense Home Appliances Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Hisense Home Appliances Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥32.36, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 191% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥59.09 per share. New Risk • Sep 07
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 6.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Price Target Changed • Sep 03
Price target decreased by 8.8% to CN¥38.87 Down from CN¥42.64, the current price target is an average from 7 analysts. New target price is 48% above last closing price of CN¥26.24. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.08 last year. Reported Earnings • Aug 31
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.76 (up from CN¥0.64 in 2Q 2023). Revenue: CN¥25.2b (up 7.0% from 2Q 2023). Net income: CN¥1.03b (up 17% from 2Q 2023). Profit margin: 4.1% (up from 3.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to CN¥24.58. The fair value is estimated to be CN¥30.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥31.79, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.63 per share. Announcement • Jun 29
Hisense Home Appliances Group Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Hisense Home Appliances Group Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 05
Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 24, 2024 Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 24, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Qingdao, Shandong China Price Target Changed • May 01
Price target increased by 9.5% to CN¥38.19 Up from CN¥34.86, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥38.68. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥2.08 last year. Price Target Changed • Apr 03
Price target increased by 11% to CN¥34.86 Up from CN¥31.54, the current price target is an average from 6 analysts. New target price is 8.4% above last closing price of CN¥32.17. Stock is up 57% over the past year. The company is forecast to post earnings per share of CN¥2.38 for next year compared to CN¥2.08 last year. Announcement • Apr 02
Hisense Home Appliances Group Co., Ltd. Proposes Cash Dividend for the Year 2023, Payable on August 15, 2024 Hisense Home Appliances Group Co., Ltd. announced on 01 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 10.13000000. Payment date is 15 August 2024. Reported Earnings • Mar 31
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥2.08 (up from CN¥1.05 in FY 2022). Revenue: CN¥85.6b (up 16% from FY 2022). Net income: CN¥2.84b (up 98% from FY 2022). Profit margin: 3.3% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Announcement • Mar 30
Hisense Home Appliances Group Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Hisense Home Appliances Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Feb 01
Hisense Home Appliances Group Co., Ltd. Provides Earnings Guidance for the Year Ended 31 December 2023 Hisense Home Appliances Group Co., Ltd. provided earnings guidance for the year ended 31 December 2023. For the year, the company expects Net profit attributable to shareholders of the Company in the range of RMB 2,750 million - RMB 2,850 million; Net profits after deducting non-recurring profit and loss in the range of RMB 2,270 million - RMB 2,350 million and Basic earnings per share in the range of RMB 2.02 per share - RMB 2.09 per share. Announcement • Jan 09
Hisense Home Appliances Group Co., Ltd. (SZSE:000921) announces an Equity Buyback for CNY 375.7 million worth of its shares. Hisense Home Appliances Group Co., Ltd. (SZSE:000921) announces a share repurchase program. Under the program, the company will repurchase up to CNY 375.7 million worth of its shares. The program will be valid for not more than 12 months. Announcement • Dec 29
Hisense Home Appliances Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Hisense Home Appliances Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.69 (up from CN¥0.33 in 3Q 2022). Revenue: CN¥22.0b (up 17% from 3Q 2022). Net income: CN¥928.4m (up 107% from 3Q 2022). Profit margin: 4.2% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Buying Opportunity • Oct 19
Now 20% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be CN¥30.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Major Estimate Revision • Oct 12
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥1.75 to CN¥2.13. Revenue forecast steady at CN¥82.5b. Net income forecast to grow 21% next year vs 24% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥28.95 to CN¥29.65. Share price rose 4.5% to CN¥24.60 over the past week. Major Estimate Revision • Sep 05
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥1.59 to CN¥1.75. Revenue forecast steady at CN¥82.1b. Net income forecast to grow 7.2% next year vs 24% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥28.95 unchanged from last update. Share price fell 3.6% to CN¥23.69 over the past week. Buying Opportunity • Sep 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be CN¥30.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Reported Earnings • Aug 29
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.64 (up from CN¥0.26 in 2Q 2022). Revenue: CN¥23.5b (up 18% from 2Q 2022). Net income: CN¥882.3m (up 149% from 2Q 2022). Profit margin: 3.8% (up from 1.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 18
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥1.39 to CN¥1.57. Revenue forecast steady at CN¥81.4b. Net income forecast to grow 25% next year vs 30% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥27.97 to CN¥30.07. Share price rose 6.2% to CN¥25.02 over the past week. Announcement • Jul 15
Hisense Home Appliances Group Co., Ltd. Provides Group Earnings Guidance for the Six Months Ended June 30, 2023 Hisense Home Appliances Group Co., Ltd. provided group earnings guidance for the six months ended June 30, 2023. For the period, the company expects net profit attributable to shareholders of the company to be in the range of RMB 1,303 million to RMB 1,491 million and basic earnings per share to be in the range of RMB 0.95 to RMB 1.09. The Company's net profit attributable to shareholders of the Company for the Reporting Period is expected to increase by 110%-140% as compared to the corresponding period in 2022. This is mainly attributable to the continuous optimization of sales channel structure and product portfolio, cost reduction and efficiency enhancement, emphasis on refined management, continuous year-on-year improvement in gross profit margin, steady growth in scale, resulting in a significant increase in the Company's operating quality and profitability. Announcement • Jul 12
Hisense Home Appliances Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 17, 2023 Hisense Home Appliances Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 5.17131400 on A shares for the year 2022. Record date is July 14, 2023. Ex-date is July 17, 2023. Payment date is July 17, 2023. Announcement • Jun 30
Hisense Home Appliances Group Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2022, Payable on 15 August 2023 Hisense Home Appliances Group Co., Ltd. approved final dividend of RMB 5.17 per 10 share for the year ended 31 December 2022. Scheduled dates are as follows: Ex-dividend date 10 July 2023, Record date 17 July 2023 and Payment date 15 August 2023. Date of shareholders' approval 29 June 2023. Announcement • Jun 09
Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 29, 2023 Hisense Home Appliances Group Co., Ltd., Annual General Meeting, Jun 29, 2023, at 15:00 China Standard Time. Location: Hisense Building, No.17 Donghai West Road, Qingdao City Shandong Province China Agenda: To consider and approve the report of the board of directors of the Company (the "Board") for the year ended December 31, 2022; to consider and approve the report of the supervisory committee of the Company for the year ended December 31, 2022; to consider and approve the 2022 annual report of the Company and its summary; to consider and approve the audited consolidated financial statements of the Company and its subsidiaries for the year ended December 31, 2022; and to consider other matters. Announcement • May 12
Hisense Launches ULED X and U8 TV Products in the United Arab Emirates Hisense announced the launch of its brand new ULED X and hero U8 TV products in the United Arab Emirates region. First unveiled at this year's CES, Hisense's 110-inch ULED X was awarded the CES 2023 Innovation Award for its advanced optical systems, extraordinary image processing, and display technologies. It has redefined the standard of high-end LCD TV picture quality by elevating the brightness, contrast, and screen image taking it to a whole new level. Hisense's commitment to investing in technology research and development is underpinned by operating 23 global R&D centers worldwide. And when it comes to providing quality technological appliances, employing and retaining the best local talent that improves the whole organization, is also paramount. For many years, the company has continuously invested in local executives, experts in sales, marketing, supply chains and many other roles to help build a highly-localized professional operations team. Price Target Changed • Apr 30
Price target increased by 11% to CN¥25.67 Up from CN¥23.08, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥24.79. Stock is up 110% over the past year. The company is forecast to post earnings per share of CN¥1.32 for next year compared to CN¥1.05 last year. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥24.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.54 per share. Price Target Changed • Apr 01
Price target increased by 17% to CN¥20.51 Up from CN¥17.46, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥20.95. Stock is up 91% over the past year. The company is forecast to post earnings per share of CN¥1.27 for next year compared to CN¥1.05 last year. Reported Earnings • Mar 31
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.05 (up from CN¥0.71 in FY 2021). Revenue: CN¥74.1b (up 9.7% from FY 2021). Net income: CN¥1.43b (up 48% from FY 2021). Profit margin: 1.9% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 8.8%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Jan 10
Hisense Home Appliances Group Co., Ltd. Announces Appointment of Li Zhi Gang as an Independent Non-Executive Director and Member of Board Committees Hisense Home Appliances Group Co., Ltd. at its extraordinary general meeting of the Company held on 9 January 2023, in which it was announced, among other things, that the ordinary resolution in relation to the appointment of Mr. Li Zhi Gang as an independent non-executive director of the eleventh session of the board of directors of the Company was passed at the EGM. Mr. Li, being an independent non-executive director of the Company, was elected as (i) the chairman of the remuneration and appraisal committee, (ii) a member of the audit committee and (iii) a member of the nomination committee. The term of office for Mr. Li commences from 9 January 2023 until the expiry of the term of the eleventh session of the Board (that is, 24 June 2024). Price Target Changed • Jan 06
Price target increased to CN¥16.46 Up from CN¥15.38, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥16.45. Stock is down 3.1% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.71 last year. Announcement • Jan 05
A Cross-Generational Upgrade for Hisense, ULED X Technology Debuts at CES 2023 On January 4(th), Hisense unveiled ULED X at Hisense CES 2023 Press Conference, a milestone in LCD TV technology for Hisense. ULED X represents a significant advancement in LCD television technology that offers the best ever picture quality in every frame and a realistic viewing experience with top-notch technologies including Mini-LED X, 5,000+ Local Dimming Zones, 2,500 nits peak brightness and Dynamic X-Display. ULED X Improves Viewing experience Since the introduction of the first ULED TV ten years ago, Hisense has been continually updating its ULED technologies to enhance the LCD TV viewing experience, and finally, at Hisense CES 2023 Press Conference, Hisense has successfully unveiled ULED X. The new 110 ULED X was recognized as a CES Innovation Award Honoree this year. According to Stephen Yao, Assistant General Manager of Hisense USA, ULED X combines an impressive lineup of TV technologies, incredible processing power, and more precise control over the picture through active intelligent backlight control, pushing the display capability to its limits. Reportedly, ULED X can achieve three times the environmental contrast of conventional OLED TV, and two times the dynamic range of OLED TV. Furthermore, ULED X can provide a brighter picture, deeper contrast, wider viewing angle, and ultra-low reflection ratios to deliver one of the best entertainment experiences available today. For instance, with ULED X, Hisense TVs can achieve a peak brightness of 2,500 nits and a contrast ratio of 150,000:1, which is believed to redefine consumers' perception of "contrast". Another crucial factor in ensuring the superior performance of the ULED X is the Hi-View Engine X, which controls over 20,000 Mini LEDs and more than 5,000 local dimming zones. In addition to its outstanding cinematic picture experience, ULED X also has a 30% wider viewing angle, and the addition of an ultra-low reflection panel ensures that everyone in the room can enjoy the same crisp picture quality no matter where they sit. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥16.23, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.08 per share. Announcement • Jan 04
Hisense Home Appliances Group Co., Ltd. (SZSE:000921) announces an Equity Buyback for CNY 198.9 million worth of its shares. Hisense Home Appliances Group Co., Ltd. (SZSE:000921) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 198.9 million worth of its shares. The shares will be repurchased at a price not more than CNY 17 per share. The shares repurchased will be used for ESOP. The program will be valid for not more than 12 months. Price Target Changed • Nov 16
Price target decreased to CN¥15.38 Down from CN¥16.83, the current price target is an average from 4 analysts. New target price is 23% above last closing price of CN¥12.50. Stock is up 3.1% over the past year. The company is forecast to post earnings per share of CN¥1.00 for next year compared to CN¥0.71 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Geng Shen Zhong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 31
Price target decreased to CN¥15.38 Down from CN¥16.83, the current price target is an average from 4 analysts. New target price is 43% above last closing price of CN¥10.72. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of CN¥0.97 for next year compared to CN¥0.71 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥18.7b (up 6.1% from 3Q 2021). Net income: CN¥449.6m (up 45% from 3Q 2021). Profit margin: 2.4% (up from 1.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Oct 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥76.4b to CN¥74.7b. EPS estimate rose from CN¥0.94 to CN¥1.05. Net income forecast to grow 57% next year vs 35% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥16.83 unchanged from last update. Share price rose 3.4% to CN¥10.70 over the past week. Announcement • Oct 18
Hisense Home Appliances Group Co., Ltd. to Report Q3, 2022 Results on Oct 27, 2022 Hisense Home Appliances Group Co., Ltd. announced that they will report Q3, 2022 results on Oct 27, 2022 Price Target Changed • Oct 13
Price target increased to CN¥16.09 Up from CN¥14.94, the current price target is an average from 4 analysts. New target price is 46% above last closing price of CN¥11.06. Stock is down 9.4% over the past year. The company is forecast to post earnings per share of CN¥0.96 for next year compared to CN¥0.71 last year. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.29 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26 (down from CN¥0.29 in 2Q 2021). Revenue: CN¥20.0b (up 8.2% from 2Q 2021). Net income: CN¥354.0m (down 11% from 2Q 2021). Profit margin: 1.8% (down from 2.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.6%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Aug 16
Hisense Home Appliances Group Co., Ltd. to Report First Half, 2022 Results on Aug 30, 2022 Hisense Home Appliances Group Co., Ltd. announced that they will report first half, 2022 results on Aug 30, 2022 Price Target Changed • Jul 29
Price target increased to CN¥16.04 Up from CN¥14.94, the current price target is an average from 7 analysts. New target price is 14% above last closing price of CN¥14.07. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥0.71 last year. Announcement • Jul 06
Hisense Home Appliances Group Co., Ltd. Announces Final Cash Dividend for 2021, Payable on 12 July 2022 Hisense Home Appliances Group Co., Ltd. announced final cash dividend of CNY 2.14000000 per 10 shares for 2021. Record date is 11 July 2022, Ex-date is 12 July 2022 and Payment date is 12 July 2022. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥14.18, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 14% over the past three years. Announcement • Jun 25
Hisense Home Appliances Group Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2021, Payable on or About 15 August 2022 Hisense Home Appliances Group Co., Ltd. announced that the declaration and payment of a final dividend of RMB 2.14 per 10 Shares (tax inclusive) for the year ended 31 December 2021 was approved at the AGM. The dividend of H Shares will be paid to the holders of H Shares whose names appear on the register of members of the Company on Tuesday, 12 July 2022 (the Record Date), at its AGM held on 24 June 2022. Final dividend will be paid by the Receiving Agent and relevant cheques are expected to be dispatched on or about 15 August 2022 to holders of H Shares entitled to receive such dividend by ordinary post at their own risk. Ex-dividend date is 30 June 2022. 