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Hisense Home Appliances Group Co
(0921)
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Rating:73Outperform
Price Target:
HK$25.00
▲(6.75% Upside)
Action:Reiterated
Date:06/12/26
The score is driven primarily by solid financial quality (low leverage, strong ROE, positive free cash flow) and supportive technicals (price above major moving averages with positive momentum). Valuation also helps (moderate P/E and ~5% yield), while slowing recent revenue and only moderate cash-conversion keep the score from being higher.
Positive Factors
Conservative leverage & stronger equity base
Low leverage (D/E ~0.20) and a materially larger equity base provide durable financial flexibility. This reduces refinancing/default risk, supports capital spending or opportunistic M&A, and preserves capacity to fund operations through cycles without heavy reliance on external debt.
Negative Factors
Softening revenue momentum
Recent revenue contraction signals demand or pricing pressure that may persist. Slower top‑line growth limits operating leverage and reduces headroom for margin expansion, constraining free cash flow scaling and making long‑term investment or market share gains harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage & stronger equity base
Low leverage (D/E ~0.20) and a materially larger equity base provide durable financial flexibility. This reduces refinancing/default risk, supports capital spending or opportunistic M&A, and preserves capacity to fund operations through cycles without heavy reliance on external debt.
Read all positive factors
Hisense Home Appliances Group Co (0921) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$37.93B
Dividend Yield6.48%
Average Volume (3M)2.25M
Price to Earnings (P/E)11.3
Beta (1Y)0.93
Revenue Growth-6.76%
EPS Growth-10.28%
CountryHK
Employees37,759
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 Target
HK$27.00Price Target Upside15.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.41
Revenue Forecast (FY)HK$90.72B
Hisense Home Appliances Group Co Business Overview & Revenue Model
Company Description
Hisense Home Appliances Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of home appliances in the People's Republic of China and internationally. It operates through Air ...
How the Company Makes Money
The company primarily makes money by selling home appliances through wholesale and retail distribution channels. Key revenue streams include: (1) Refrigeration products (e.g., refrigerators and freezers), generated from unit sales to distributors,...
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
Positive
23.42
Price Trends
23.01
Negative
21.93
Positive
22.38
Positive
Market Momentum
-0.25
Positive
49.22
Neutral
49.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0921, the sentiment is Positive. The current price of 23.42 is above the 20-day moving average (MA) of 23.15, above the 50-day MA of 23.01, and above the 200-day MA of 22.38, indicating a neutral trend. The MACD of -0.25 indicates Positive momentum. The RSI at 49.22 is Neutral, neither overbought nor oversold. The STOCH value of 49.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$730.45B | 14.02 | 19.83% | 5.00% | 9.21% | 4.23% | |
73 Outperform | HK$37.93B | 11.30 | 17.96% | 5.70% | -6.76% | -10.28% | |
68 Neutral | HK$217.68B | 10.52 | 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$339.87M | 3.34 | 2.81% | ― | -5.88% | ― | |
48 Neutral | HK$4.93B | -25.87 | -4.83% | ― | 4.06% | -469.59% | |
41 Neutral | HK$76.58M | -0.04 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
HK:0921
Hisense Home Appliances Group Co
22.56
-0.06
-0.26%
HK:1691
JS Global Lifestyle Company Limited
1.44
-0.45
-23.81%
HK:2127
Huisen Household International Group Limited
0.02
0.00
0.00%
HK:2222
NVC International Holdings Ltd.
0.66
-0.13
-16.46%
HK:6690
Haier Smart Home Co., Ltd. Class H
21.50
-3.59
-14.31%
HK:0300
Midea Group Co. Ltd. Class H
95.15
19.72
26.14%
Hisense Home Appliances Group Co Corporate Events
Hisense Home Appliances Invests RMB1.705 Billion of Idle Funds in Low-Risk Wealth Products
Jul 14, 2026
Hisense Home Appliances Group has disclosed that it and two key marketing subsidiaries subscribed to Huaneng Trust wealth management products totaling RMB1.705 billion between 21 January and 14 July 2026, using idle funds. The move follows prior s...
Hisense Home Appliances Calls July EGM on Intra-Group Financial Assistance
Jul 8, 2026
Hisense Home Appliances Group Co., Ltd. has convened its 2026 second extraordinary general meeting for 28 July 2026 in Qingdao, China, aimed at shareholders of its Hong Kong-listed H shares. The meeting will be conducted in accordance with Hong Ko...
Hisense Home Appliances Invests RMB1.84 Billion Idle Funds in Low-Risk Wealth Products
Jul 6, 2026
Hisense Home Appliances Group Co., Ltd. has disclosed that between 5 March and 6 July 2026, it and its subsidiaries Air Conditioning Company and Refrigerator Marketing Company subscribed to Western Trust wealth management products totaling RMB1.84...
Hisense Home Appliances Deploys RMB1.85 Billion of Idle Funds into SITI Trust Products
Jul 3, 2026
Hisense Home Appliances Group Co., Ltd. is a PRC-based manufacturer of home appliances, with key operations spanning air conditioning, refrigeration and related household products. The group focuses on both domestic and international markets, oper...
Hisense Deploys Idle Cash into RMB2.06 Billion Jingu Trust Wealth Products
Jun 26, 2026
Hisense Home Appliances Group has authorised the use of idle self-owned funds to purchase low-to-medium-risk fixed-income products, aiming to enhance capital utilisation and returns on cash assets. The company’s board and shareholders approv...
Hisense Home Appliances shareholders approve all resolutions at 2025 AGM
Jun 25, 2026
Hisense Home Appliances Group held its 2025 annual general meeting on 25 June 2026 in Qingdao, with all directors attending in person or electronically and the meeting convened in compliance with PRC company law and the company’s articles. T...
Hisense Home Appliances Sets 2025 AGM to Approve Results and New Financing Mandates
May 29, 2026
Hisense Home Appliances Group Co. has convened its 2025 annual general meeting for 25 June 2026 in Qingdao, where shareholders will review the 2025 board report, annual report, audited consolidated financial statements and profit distribution prop...
Hisense Home Appliances Updates Final 2025 Dividend Details and Tax Treatment
May 29, 2026
Hisense Home Appliances Group Co., Ltd. has updated details of its proposed final dividend for the financial year ended 31 December 2025, declaring a payout of RMB 12.65 per 10 shares, with shareholder approval scheduled for 25 June 2026. The comp...
Hisense Home Appliances Deploys RMB1.81 Billion into Chongqing Trust Wealth Products
May 19, 2026
Hisense Home Appliances Group has entered into a series of Chongqing Trust wealth management agreements between July 2025 and May 2026, committing an aggregate RMB1.81 billion of idle funds into medium-to-low risk fixed-income trust products. The ...
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...
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.