Hisense Home Appliances Posts Stable 2025 Asset Base Amid High Short-Term Liabilities

The latest announcement is out from Hisense Home Appliances Group Co ( (HK:0921) ).

Hisense Home Appliances reported audited results for the year ended 31 December 2025 prepared under Chinese accounting standards, showing total assets of about RMB 69.98 billion, roughly flat versus the start of the year. The balance sheet highlights sizeable current assets, including cash, transactional financial assets and receivables, alongside rising fixed assets and project construction outlays, offset by substantial short-term borrowings, notes payable and accounts payable that underscore ongoing funding needs and working capital pressure.

Non-current assets increased slightly, driven by higher fixed assets, right-of-use assets and deferred tax assets, while goodwill declined and inventories edged lower from the prior year. The liability mix points to strong reliance on trade and note payables as well as short-term financing, which may affect the group’s liquidity management and bargaining dynamics with suppliers, though the broadly stable asset base suggests the company is maintaining its operational scale heading into 2026.

The most recent analyst rating on (HK:0921) stock is a Buy with a HK$26.00 price target. To see the full list of analyst forecasts on Hisense Home Appliances Group Co stock, see the HK:0921 Stock Forecast page.

More about Hisense Home Appliances Group Co

Hisense Home Appliances Group Co., Ltd. is a China-based manufacturer of household appliances listed in Hong Kong. The company focuses on producing and selling a wide range of home appliance products, supported by significant investments in fixed assets, inventories and long-term equity holdings.

YTD Price Performance: -9.49%

Average Trading Volume: 938,667

Technical Sentiment Signal: Hold

Current Market Cap: HK$32.95B

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