Hisense Home Appliances Group Co Ltd Class H (HK:0921)
:0921
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Hisense Home Appliances Group Co
(0921)
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Rating:71Outperform
Price Target:
HK$25.00
▲(6.75% Upside)
Action:UpgradedDate:04/30/26
The score is driven primarily by solid financial strength (low leverage, strong ROE, positive free cash flow) and attractive valuation (low P/E and high dividend yield). This is tempered by softer recent revenue trends and mixed technical signals, with longer-term moving averages and MACD not yet confirming a strong uptrend.
Positive Factors
Conservative leverage
A debt-to-equity near 0.20 gives durable financial flexibility: lower interest burden and more headroom for capex, R&D or M&A during downturns. This structural strength reduces refinancing risk and supports steady funding of strategic initiatives over the next 2–6 months.
Negative Factors
Softening revenue momentum
Recent and trailing revenue declines indicate weaker demand or pricing pressure in core white-goods markets. If revenue momentum remains soft, the company may face scale and mix headwinds that compress margins and slow reinvestment, a durable risk across the appliance cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A debt-to-equity near 0.20 gives durable financial flexibility: lower interest burden and more headroom for capex, R&D or M&A during downturns. This structural strength reduces refinancing risk and supports steady funding of strategic initiatives over the next 2–6 months.
Read all positive factors
Hisense Home Appliances Group Co (0921) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.33B
Dividend Yield5.7%
Average Volume (3M)2.25M
Price to Earnings (P/E)5.8
Beta (1Y)1.05
Revenue Growth-6.76%
EPS Growth-10.28%
CountryHK
Employees55,670
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)2.27
Shares Outstanding459,589,800
10 Day Avg. Volume2,794,056
30 Day Avg. Volume2,252,331
Financial Highlights & Ratios
PEG Ratio-1.69
Price to Book (P/B)1.63
Price to Sales (P/S)0.32
P/FCF Ratio7.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.43
Revenue Forecast (FY)HK$90.69B
Hisense Home Appliances Group Co Business Overview & Revenue Model
Company Description
Hisense Home Appliances Group Co., Ltd. manufactures and sells household electrical appliances under the Hisense, Ronshen, Kelon, Hitachi and York brands in the People's Republic of China and internationally. The company's products include refrige...
How the Company Makes Money
The company makes money primarily by selling home appliances it designs and manufactures. Its key revenue stream is product sales across major white-goods categories (e.g., refrigerators/freezers, air conditioners, washing machines and related app...
Hisense Home Appliances Group Co Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 86.14B | 87.93B | 92.75B | 85.60B | 74.12B | 67.56B |
| Gross Profit | 18.40B | 18.74B | 19.27B | 18.84B | 15.33B | 13.31B |
| EBITDA | 5.53B | 6.97B | 7.26B | 7.04B | 5.27B | 4.08B |
| Net Income | 3.09B | 3.19B | 3.35B | 2.84B | 3.07B | 2.34B |
Balance Sheet | ||||||
| Total Assets | 75.44B | 69.98B | 69.70B | 65.95B | 55.38B | 55.95B |
| Cash, Cash Equivalents and Short-Term Investments | 24.44B | 22.65B | 20.61B | 18.13B | 12.76B | 12.65B |
| Total Debt | 3.89B | 3.54B | 2.92B | 2.75B | 1.90B | 3.46B |
| Total Liabilities | 52.36B | 48.46B | 50.33B | 46.55B | 39.10B | 40.36B |
| Stockholders Equity | 18.50B | 17.47B | 15.46B | 13.58B | 11.52B | 10.34B |
Cash Flow | ||||||
| Free Cash Flow | 5.05B | 3.68B | 3.74B | 9.63B | 3.15B | 3.21B |
| Operating Cash Flow | 7.22B | 5.80B | 5.13B | 10.61B | 4.03B | 4.31B |
| Investing Cash Flow | -3.53B | -3.55B | -619.44M | -9.56B | -2.60B | -4.42B |
| Financing Cash Flow | -1.91B | -2.02B | -5.12B | -621.14M | -1.78B | 1.47B |
Hisense Home Appliances Group Co Technical Analysis
Neutral
23.42
Price Trends
22.47
Negative
23.38
Negative
23.39
Negative
Market Momentum
-0.40
Negative
50.73
Neutral
91.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0921, the sentiment is Neutral. The current price of 23.42 is above the 20-day moving average (MA) of 21.12, above the 50-day MA of 22.47, and above the 200-day MA of 23.39, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 91.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0921.
Hisense Home Appliances Group Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$694.14B | 11.05 | 19.76% | 5.00% | 9.21% | 4.23% | |
71 Outperform | HK$36.33B | 5.77 | 17.96% | 5.70% | -6.76% | -10.28% | |
68 Neutral | HK$221.49B | 9.19 | 15.65% | 5.20% | 2.10% | -0.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | HK$324.66M | -22.37 | 6.01% | ― | -5.88% | ― | |
48 Neutral | HK$5.92B | 6.06 | -4.81% | ― | 4.06% | -469.59% | |
41 Neutral | HK$76.58M | -0.04 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
HK:0921
Hisense Home Appliances Group Co
22.90
0.36
1.60%
HK:1691
JS Global Lifestyle Company Limited
1.73
-0.04
-2.26%
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Huisen Household International Group Limited
0.02
0.00
0.00%
HK:2222
NVC International Holdings Ltd.
0.64
-0.21
-24.71%
HK:6690
Haier Smart Home Co., Ltd. Class H
21.40
-0.05
-0.23%
HK:0300
Midea Group Co. Ltd. Class H
86.65
16.67
23.82%
Hisense Home Appliances Group Co Corporate Events
Hisense Home Appliances Updates Business Registration and Expands Operating Scope
Apr 28, 2026
Hisense Home Appliances Group Co. has completed the regulatory filings for changes to its business registration following shareholder approval to amend its Articles of Association. The company has obtained an updated business licence reflecting it...
Hisense Home Appliances Channels RMB1.72 Billion of Idle Funds Into Low-Risk Wealth Products
Apr 22, 2026
Hisense Home Appliances Group has disclosed that between 27 November 2025 and 22 April 2026 it and several subsidiaries subscribed to Alltrust Insurance wealth management products totaling RMB1.72 billion, using idle self-owned funds. The fixed-in...
Hisense Home Appliances Shareholders Approve Director Insurance and Chairman Pay at 2026 EGM
Apr 22, 2026
Hisense Home Appliances Group Co., Ltd. held its first extraordinary general meeting of 2026 in Qingdao on 22 April, with shareholders representing about 43.95% of the issued share capital participating in person or via an online voting system. Al...
Hisense Home Appliances Invests RMB1.56 Billion of Idle Funds in SPDB Wealth Products
Apr 13, 2026
Hisense Home Appliances Group has channelled RMB1.563 billion of idle funds into fixed-income wealth management products issued by SPD Bank and its subsidiary between 29 September 2025 and 13 April 2026. The investments, made via several subsidiar...
Hisense Home Appliances Sets Board Meeting to Review Q1 2026 Results
Apr 13, 2026
Hisense Home Appliances Group Co. announced that its board of directors will convene a meeting on 28 April 2026 to review and approve the unaudited first-quarter results for the period ended 31 March 2026. The board may also address other business...
Hisense Home Appliances Deploys RMB1.566 Billion of Idle Funds Into Jingu Trust Wealth Products
Mar 31, 2026
Hisense Home Appliances Group has disclosed that between 14 January and 31 March 2026 it and several key subsidiaries subscribed to Jingu Trust wealth management products with an aggregate amount of RMB1.566 billion, using idle self-owned funds. T...
Hisense Home Appliances Narrows Capital, Expands Tech Scope and Shifts Registered Address
Mar 30, 2026
Hisense Home Appliances Group has repurchased and cancelled 755,634 unvested restricted shares from 96 participants under its incentive scheme, following resignations, role changes and unmet performance targets, reducing total share capital to 1,3...
Hisense Home Appliances Calls 2026 EGM to Refine Governance and Board Protections
Mar 30, 2026
Hisense Home Appliances Group Co., Ltd., a Hong Kong-listed Chinese manufacturer in the home appliances sector, designs and sells household electrical products and is governed by a board comprising executive, independent and employee representativ...
Hisense Home Appliances Proposes Final 2025 Dividend, Payment Set for August 2026
Mar 30, 2026
Hisense Home Appliances Group Co., Ltd. has proposed a final ordinary cash dividend of RMB 12.65 per 10 shares for the financial year ended 31 December 2025, underscoring its commitment to shareholder returns. The dividend, subject to shareholder ...
Hisense Home Appliances Posts Stable 2025 Asset Base Amid High Short-Term Liabilities
Mar 30, 2026
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 highlig...
Hisense Home Appliances Commits RMB1.76 Billion in Idle Funds to Bairui Trust Wealth Products
Mar 17, 2026
Hisense Home Appliances Group Co., Ltd. has directed idle funds into medium- to low-risk wealth management products issued by Bairui Trust, using subsidiaries spanning air conditioners, refrigerators, and kitchen and bathroom units as subscribing ...
Hisense Home Appliances Schedules Board Meeting to Review 2025 Results
Mar 17, 2026
Hisense Home Appliances Group Co., Ltd. has announced that its board of directors will convene on 30 March 2026 to review and approve the audited annual results for the twelve months ended 31 December 2025. The board will also consider a possible ...
Hisense Home Appliances Deploys RMB1.7 Billion of Idle Funds Into Western Trust Products
Feb 11, 2026
Hisense Home Appliances Group Co., Ltd. has disclosed that between 4 September 2025 and 11 February 2026 it and two subsidiaries subscribed to Western Trust wealth management products totaling RMB1.7 billion, using idle funds to enhance returns on...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.