Hisense Home Appliances Group Co Class H ( (HISEF) ) has released its Q4 earnings. Here is a breakdown of the information Hisense Home Appliances Group Co Class H presented to its investors.
Hisense Home Appliances Group Co., Ltd., a leading player in the home appliances sector, specializes in the research, development, manufacturing, and marketing of a wide range of electrical products including refrigerators, air conditioners, and kitchen appliances. The company is headquartered in Foshan City, Guangdong Province, China.
In its latest earnings report for the year ended December 31, 2024, Hisense Home Appliances Group Co., Ltd. announced a solid financial performance, with significant growth in both revenue and net profit. The company’s total operating revenue reached RMB 92.75 billion, marking an increase from the previous year, while net profits rose to RMB 5.13 billion.
Key financial highlights include a notable increase in operating revenue, driven by strong performance in both domestic and overseas markets. The company reported a rise in revenues from overseas customers, reflecting a growing international presence. Additionally, the company achieved a significant reduction in financial expenses, contributing to improved profitability.
The company remains optimistic about future growth, with a focus on technological innovation and expanding its market share in both domestic and international markets. Management is committed to leveraging national policies and consumer trends to drive further growth in the coming years.
Looking ahead, Hisense Home Appliances Group Co., Ltd. aims to continue its growth trajectory by enhancing product offerings and expanding its global footprint, while maintaining a strong focus on sustainability and technological advancement.