Hisense Home Appliances Group Co Class H ( (HISEF) ) has released its Q1 earnings. Here is a breakdown of the information Hisense Home Appliances Group Co Class H presented to its investors.
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Hisense Home Appliances Group Co., a leading player in the home appliances sector, specializes in the manufacturing and distribution of a wide range of consumer electronics and home appliances. Known for its innovative technology and expansive product line, the company operates primarily in the Asian market with a growing global presence.
In its latest earnings report for the first quarter of 2025, Hisense Home Appliances Group Co. reported a solid performance with a notable increase in revenue and net profit. The company achieved a 5.76% increase in revenue compared to the same period last year, reaching approximately 24.84 billion yuan. Net profit attributable to shareholders also saw a significant rise of 14.89%, amounting to over 1.12 billion yuan.
Key financial metrics highlighted in the report include a 20.27% increase in net profit excluding non-recurring items, demonstrating strong operational performance. However, the company experienced a substantial decrease in net cash flow from operating activities, which fell by 58.30% compared to the previous year. This decline was attributed to changes in working capital and increased cash outflows related to investment activities.
The company’s total assets grew by 4.64% to approximately 72.94 billion yuan, while shareholder equity rose by 7.18%, reflecting a robust financial position. Despite the challenges in cash flow, Hisense Home Appliances Group Co. continues to focus on strategic investments and expansion to enhance its market position and drive future growth.
Looking ahead, the management of Hisense Home Appliances Group Co. remains optimistic about the company’s growth prospects, emphasizing continued innovation and market expansion as key drivers for sustained success in the competitive home appliances industry.