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Hisense Home Appliances Group Co
(OTC:0921)
Hisense Home Appliances Group Co (0921) vs. iShares MSCI Hong Kong ETF (EWH)
Hisense Home Appliances Group Co Business Overview & Revenue Model
Hisense Home Appliances Group Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.44B | 92.75B | 85.60B | 74.12B | 67.56B | 48.39B |
| Gross Profit | 19.52B | 19.27B | 18.90B | 15.33B | 13.31B | 11.64B |
| EBITDA | 6.20B | 7.26B | 7.04B | 5.27B | 4.08B | 4.54B |
| Net Income | 3.41B | 3.35B | 2.84B | 3.07B | 2.34B | 2.85B |
Balance Sheet | ||||||
| Total Assets | 74.81B | 69.70B | 65.95B | 55.38B | 55.95B | 41.81B |
| Cash, Cash Equivalents and Short-Term Investments | 25.43B | 20.61B | 18.13B | 12.76B | 12.65B | 9.73B |
| Total Debt | 3.59B | 2.92B | 2.75B | 1.90B | 3.46B | 79.95M |
| Total Liabilities | 55.30B | 50.33B | 46.55B | 39.10B | 40.36B | 27.41B |
| Stockholders Equity | 16.01B | 15.46B | 13.58B | 11.52B | 10.34B | 9.78B |
Cash Flow | ||||||
| Free Cash Flow | 6.78B | 3.74B | 9.63B | 3.15B | 3.21B | 5.35B |
| Operating Cash Flow | 8.35B | 5.13B | 10.61B | 4.03B | 4.31B | 5.96B |
| Investing Cash Flow | -1.37B | -619.44M | -9.56B | ― | ― | ― |
| Financing Cash Flow | -3.18B | -5.12B | -621.14M | ― | 1.47B | ― |
Hisense Home Appliances Group Co Technical Analysis
Hisense Home Appliances Group Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $36.14B | 8.46 | 22.55% | 5.93% | 2.16% | 0.66% | |
65 Neutral | HK$251.61B | 11.36 | 17.31% | 4.14% | 10.29% | 11.02% | |
56 Neutral | HK$25.46B | 5.06 | -2.69% | 5.60% | -0.43% | -53.15% | |
47 Neutral | HK$6.16B | 123.65 | 1.18% | 1.98% | 11.18% | -95.11% |
Hisense Home Appliances Group Co Corporate Events
Hisense Home Appliances Group Co., Ltd. announced the resignation of Mr. Hu from his roles as an executive Director, President, and member of both the Strategic and ESG Committees. Mr. Hu’s resignation is attributed to his desire to focus on personal endeavors. The company’s board has confirmed that all other aspects of the previous announcement remain unchanged, indicating stability in the company’s operations despite the leadership change.
Hisense Home Appliances Group Co., Ltd. has announced the composition of its board of directors and the roles of its members. The announcement details the executive directors, independent non-executive directors, and employee representative director, along with their respective roles in the company’s various board committees. This update reflects the company’s governance structure and may impact its strategic direction and stakeholder relations.
Hisense Home Appliances Group Co., Ltd. announced its unaudited interim results for the first half of 2025, showing a significant increase in total assets and current assets compared to the beginning of the year. The company’s financial performance reflects growth in transactional financial assets and accounts receivable, indicating an expansion in its operational scale and market reach.
Hisense Home Appliances Group Co., Ltd. announced significant changes in its executive leadership and board committees, effective from July 30, 2025. Mr. Hu Jian Yong and Mr. Zhu Dan have resigned from their executive roles, while Mr. Yin Bi Tong has been elected as an employee representative director and appointed to key committees. Additionally, Ms. Gao Yu Ling has been appointed as the new President of the company. These changes are part of the company’s strategic realignment and may impact its governance and operational strategies.
Hisense Home Appliances Group Co., Ltd. announced an update regarding its final cash dividend for the year ending December 31, 2024. The dividend, initially declared in RMB, will be paid in Hong Kong dollars at a rate of HKD 13.46764 per 10 shares, with an exchange rate of RMB 1 to HKD 1.09493. The payment date is set for August 15, 2025, following shareholder approval on June 25, 2025. The announcement also detailed the withholding tax implications for non-resident enterprise shareholders, who will incur a 10% corporate income tax. This update reflects the company’s commitment to providing returns to its shareholders and may influence investor sentiment positively.
Hisense Home Appliances Group Co., Ltd. announced the exchange rate for the payment of its final dividend for the year ended December 31, 2024. The dividend will be distributed as RMB12.30 per 10 shares, with A Shares paid in Renminbi and H Shares in Hong Kong dollars. The conversion rate for H Shares is based on the market exchange rate, resulting in a dividend of HK$13.46764 per 10 H Shares. This announcement highlights the company’s commitment to providing returns to its shareholders and reflects its financial strategy in managing currency exchange for dividend payments.
Hisense Home Appliances Group Co., Ltd. has announced that its subsidiaries, Air-conditioner Marketing Company and Refrigerator Marketing Company, have subscribed to Huaneng Trust Wealth Management Products with a total investment of RMB2,293,000,000. This strategic move utilizes the company’s idle funds to enhance capital efficiency and increase returns on cash assets through short-term and medium- to low-risk investments. The transactions are considered discloseable under the Hong Kong Stock Exchange Listing Rules, indicating a significant financial maneuver aimed at optimizing resource allocation and potentially impacting the company’s financial positioning and stakeholder interests.
Hisense Home Appliances Group Co., Ltd. has announced that its board of directors will hold a meeting on 30 July 2025. The meeting will focus on considering and approving the unaudited interim results for the six months ending 30 June 2025, which could provide insights into the company’s financial performance and strategic direction.
Hisense Home Appliances Group Co., Ltd. announced that it and its subsidiary, Air Conditioning Company, have entered into agreements to subscribe to Western Trust Wealth Management Products with a total subscription amount of RMB1,870,000,000. This move is part of the company’s strategy to use idle funds for short-term and medium- to low-risk investments, aiming to improve capital efficiency and returns. The transactions are considered discloseable under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcements due to the aggregated subscription amounts exceeding certain thresholds.
Hisense Home Appliances Group Co., Ltd. announced that it has entered into wealth management agreements with Chongqing Trust to subscribe to products worth approximately RMB1.75 billion. This strategic move utilizes the company’s idle funds to enhance capital efficiency and increase returns on cash assets, reflecting a proactive approach to financial management. The transactions are considered discloseable under Hong Kong’s Listing Rules, indicating a significant financial maneuver aimed at optimizing resource allocation and potentially impacting the company’s financial health positively.
Hisense Home Appliances Group Co., Ltd. held its 2024 Annual General Meeting (AGM) on June 25, 2025, where all proposed resolutions were approved by shareholders. The meeting was conducted in accordance with the Company Law of the PRC and the company’s articles of association. Notably, certain shareholders, including Qingdao Hisense Air-conditioning Company Limited, abstained from voting on one of the resolutions. The AGM saw participation from 404 shareholders or their proxies, representing approximately 55.52% of the company’s issued share capital. The resolutions passed at the AGM are expected to impact the company’s governance and operational strategies moving forward.
Hisense Home Appliances Group Co., Ltd. has announced its 2024 Annual General Meeting (AGM) scheduled for June 25, 2025, in Qingdao City, China. The AGM will address various resolutions, including the approval of the 2024 annual report, financial statements, profit distribution proposal, and re-appointment of auditors. Additionally, the meeting will consider resolutions on foreign exchange derivatives, wealth management, liability insurance, and remuneration. Special resolutions include granting mandates for share and debt issuance and amendments to the Articles of Association. These decisions are pivotal for the company’s strategic direction and operational efficiency, impacting shareholders and stakeholders alike.
Hisense Home Appliances Group Co., Ltd. announced an update regarding its final cash dividend for the year ending December 31, 2024. The dividend, declared at RMB 12.3 per 10 shares, will be paid in Hong Kong dollars, with the exact amount and exchange rate to be announced. Key dates include shareholder approval on June 25, 2025, an ex-dividend date of June 30, 2025, and a payment date set for August 15, 2025. The announcement also details the withholding tax implications for non-resident enterprise shareholders, who will face a 10% corporate income tax on the dividends.
Hisense Home Appliances Group Co., Ltd. announced proposed amendments to its Articles of Association and relevant procedural rules, aligning with new regulatory guidelines and listing rule amendments effective from July 2025. Key changes include the abolition of the supervisory committee, adoption of virtual meeting technology, and electronic voting for general meetings. These amendments aim to enhance operational efficiency without compromising shareholder protection, pending approval at the 2024 annual general meeting.
Hisense Home Appliances Group Co., Ltd. has established an audit committee under its board of directors to enhance corporate governance and ensure effective supervision through integration of external and internal audits. This move is expected to strengthen the company’s oversight mechanisms and improve transparency, potentially impacting its market positioning positively.
Hisense Home Appliances Group Co., Ltd. has established a Nomination Committee under its board of directors to enhance corporate governance and streamline the nomination process for directors and senior management. This initiative is aligned with various regulatory frameworks in China and aims to ensure a diverse and independent leadership structure. The committee’s responsibilities include setting criteria and procedures for selecting directors and senior management, with a focus on maintaining a balanced and independent board composition.
Hisense Home Appliances Group Co., Ltd. has established a Remuneration and Appraisal Committee under its Board of Directors to enhance its corporate governance structure. This committee, consisting of five directors including three independent ones, will oversee the appraisal and remuneration management for the company’s directors and senior management, ensuring compliance with relevant corporate governance codes and stock exchange regulations.
Hisense Home Appliances Group Co., Ltd. has announced a change in the composition of its board committees, specifically the Nomination Committee, to comply with upcoming corporate governance requirements. This change involves the appointment of Ms. Gao Yu Ling to the committee and the departure of Mr. Dai Hui Zhong, aligning with new gender diversity mandates effective from July 2025, which aim to enhance the company’s corporate governance practices.
Hisense Home Appliances Group Co., Ltd. announced that its subsidiaries have entered into agreements with China Bohai Bank Group to subscribe to wealth management products worth RMB2,140,000,000. This strategic move utilizes the company’s idle funds to enhance capital efficiency and increase returns on cash assets, marking a significant financial maneuver within the permissible risk parameters. The transactions, aggregated under the Listing Rules, constitute discloseable transactions, reflecting the company’s proactive approach to financial management and investment.