Hisense Home Appliances Group Third Quarter 2024 Earnings: Revenues Disappoint

Hisense Home Appliances Group (SZSE:000921) Third Quarter 2024 Results

Key Financial Results

• 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).
• EPS: CN¥0.57 (down from CN¥0.69 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hisense Home Appliances Group Revenues Disappoint

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, 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.

Performance of the Chinese Consumer Durables industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Hisense Home Appliances Group, and understanding this should be part of your investment process.

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