Board Change • May 20
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. 5 non-independent directors. Independent Director Wen Hua Ding was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Hisense Visual Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Hisense Visual Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Hisense Visual Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Hisense Visual Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Hisense Visual Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hisense Visual Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Hisense Visual Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Hisense Visual Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Jun 06
Hisense Visual Technology Co., Ltd., Annual General Meeting, Jun 27, 2025 Hisense Visual Technology Co., Ltd., Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: No. 88, Xianggang East Road, Laoshan District, Qingdao, Shandong China Announcement • Mar 28
Hisense Visual Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Hisense Visual Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 27
Hisense Visual Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Hisense Visual Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.47 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.37 (down from CN¥0.47 in 3Q 2023). Revenue: CN¥15.2b (up 5.8% from 3Q 2023). Net income: CN¥476.3m (down 20% from 3Q 2023). Profit margin: 3.1% (down from 4.1% in 3Q 2023). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.2% 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 whereas the company’s share price has increased by 17% per year. New Risk • Sep 30
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 7.0% 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 (7.0% average weekly change). Announcement • Sep 30
Hisense Visual Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Hisense Visual Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 27
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to CN¥20.60. The fair value is estimated to be CN¥17.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.05 per share. Announcement • Sep 19
Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi (IBSE:VESTL) signed a letter of intent to acquire 4.64% stake in VIDAA USA, Inc. from Hisense Visual Technology Co., Ltd. (SHSE:600060) and others for an enterprise value of $1 billion. Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi (IBSE:VESTL) signed a letter of intent to acquire 4.64% stake in VIDAA USA, Inc. from Hisense Visual Technology Co., Ltd. (SHSE:600060) and others for an enterprise value of $1 billion on September 18, 2024. As a part of the agreement Vestel will acquire a 4.64% interest in VIDAA International Holdings BV, the holding company of VIDAA, at a valuation of more than $1 billion. The transaction will be completed before the end of the year, making it one of VIDAA's leading strategic shareholders. The acquisition will strengthen Vestel's position in the highly competitive Smart TV market and support the company's transition into an integrated provider of home solutions. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.32 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.32 in 2Q 2023). Revenue: CN¥12.8b (down 4.7% from 2Q 2023). Net income: CN¥367.3m (down 12% from 2Q 2023). Profit margin: 2.9% (down from 3.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% 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 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 26
Dividend of CN¥0.81 announced Shareholders will receive a dividend of CN¥0.81. Ex-date: 31st July 2024 Payment date: 31st July 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (123% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Hisense Visual Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Hisense Visual Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • May 16
Hisense Visual Technology Co., Ltd., Annual General Meeting, Jun 04, 2024 Hisense Visual Technology Co., Ltd., Annual General Meeting, Jun 04, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Qingdao, Shandong China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.59, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.32 per share. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥1.62 (vs CN¥1.28 in FY 2022) Full year 2023 results: EPS: CN¥1.62 (up from CN¥1.28 in FY 2022). Revenue: CN¥53.6b (up 17% from FY 2022). Net income: CN¥2.10b (up 25% from FY 2022). Profit margin: 3.9% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Announcement • Mar 29
Hisense Visual Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Hisense Visual Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Mar 12
Hisense Visual Technology Co., Ltd. (SHSE:600060) announces an Equity Buyback for CNY 753.4 million worth of its shares. Hisense Visual Technology Co., Ltd. (SHSE:600060) announces a share repurchase program. Under the program, the company will repurchase up to CNY 753.40 million worth of its shares. The program will be valid for a period of 12 months. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.49, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Consumer Durables industry in China. Total returns to shareholders of 115% over the past three years. Announcement • Dec 29
Hisense Visual Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Hisense Visual Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.37 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.47 (up from CN¥0.37 in 3Q 2022). Revenue: CN¥14.4b (up 17% from 3Q 2022). Net income: CN¥591.4m (up 15% from 3Q 2022). Profit margin: 4.1% (down from 4.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% 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 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.23 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.23 in 2Q 2022). Revenue: CN¥13.4b (up 34% from 2Q 2022). Net income: CN¥416.1m (up 41% from 2Q 2022). Profit margin: 3.1% (up from 2.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% 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 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.23 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.47 (up from CN¥0.23 in 1Q 2022). Revenue: CN¥11.5b (up 13% from 1Q 2022). Net income: CN¥620.7m (up 108% from 1Q 2022). Profit margin: 5.4% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Chairman of the Supervisory Board Caixia Chen is the most experienced director on the board, commencing their role in 2018. Independent Director Shuming Zhao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.18 in 3Q 2021). Revenue: CN¥12.3b (down 5.1% from 3Q 2021). Net income: CN¥513.4m (up 116% from 3Q 2021). Profit margin: 4.2% (up from 1.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.14 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.23 (up from CN¥0.14 in 2Q 2021). Revenue: CN¥10.0b (down 5.2% from 2Q 2021). Net income: CN¥295.1m (up 59% from 2Q 2021). Profit margin: 2.9% (up from 1.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 19%, compared to a 14% 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 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Full year 2021 earnings released: EPS: CN¥0.87 (vs CN¥0.91 in FY 2020) Full year 2021 results: EPS: CN¥0.87 (down from CN¥0.91 in FY 2020). Revenue: CN¥46.8b (up 19% from FY 2020). Net income: CN¥1.14b (down 4.8% from FY 2020). Profit margin: 2.4% (down from 3.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent director Aiguo Wang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.16 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥13.0b (up 12% from 3Q 2020). Net income: CN¥237.5m (up 13% from 3Q 2020). Profit margin: 1.8% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.24 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥10.6b (up 16% from 2Q 2020). Net income: CN¥185.6m (down 41% from 2Q 2020). Profit margin: 1.8% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥15.07, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.039 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥10.4b (up 53% from 1Q 2020). Net income: CN¥202.9m (up 295% from 1Q 2020). Profit margin: 2.0% (up from 0.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: CN¥13.50 The company is up 14% from its price of CN¥11.81 on 02 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.71 per share. Is New 90 Day High Low • Jan 27
New 90-day high: CN¥13.40 The company is up 6.0% from its price of CN¥12.59 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.54 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥10.22 The company is down 26% from its price of CN¥13.87 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.60 per share. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥11.01 The company is down 17% from its price of CN¥13.23 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.21 per share. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥12.59 The company is down 9.0% from its price of CN¥13.78 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.38 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥866.8m, up 167% from the prior year. Total revenue was CN¥37.9b over the last 12 months, up 10% from the prior year.