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Hisense Home Appliances Group (000921) investor relations material
Hisense Home Appliances Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 2025 was ¥87.93 billion, down 5.19% year-over-year; net profit attributable to shareholders was ¥3.19 billion, down 4.82% year-over-year.
Operating cash flow increased 12.94% to ¥5.80 billion; basic EPS was ¥2.33.
The board proposed a cash dividend of ¥12.65 per 10 shares, with no bonus shares or capital increase.
The company maintained a resilient performance amid global trade barriers, real estate downturn, and rising raw material costs.
Financial highlights
Gross margin for manufacturing was 22.00%, up 0.29 percentage points year-over-year.
Domestic revenue fell 5.38% to ¥45.41 billion; overseas revenue rose 6.44% to ¥37.92 billion.
Ice & washing segment revenue grew 1.16% to ¥31.20 billion; HVAC revenue declined 3.61% to ¥38.83 billion.
R&D investment was ¥3.44 billion, 3.91% of revenue.
Net assets attributable to shareholders increased 13.03% to ¥17.47 billion.
Outlook and guidance
Focus on user-centric innovation, global expansion, and digital transformation.
2026 priorities: strengthen R&D, accelerate global/local market penetration, optimize supply chain, and enhance shareholder value.
Risks include macroeconomic volatility, raw material cost increases, exchange rate fluctuations, and trade barriers.
- H1 2024 net profit up 34.61% on strong overseas and high-end product growth.000921
H1 202416 Dec 2025 - Q3 profit declined 16% on flat sales, but year-to-date net profit rose 15% on higher revenue.000921
Q3 202411 Dec 2025 - Net profit surged 17.99% on record revenue, with robust overseas growth and higher dividends.000921
H2 202411 Dec 2025 - Revenue, profit, and cash flow rose; high-end and overseas segments led growth.000921
H1 202511 Dec 2025 - Q3 revenue rose 1.16% year-over-year, but net profit fell 5.40% amid higher cash flow.000921
Q3 202528 Oct 2025 - Q1 2025 saw double-digit net profit growth and robust revenue gains, despite weaker cash flow.000921
Q1 20256 Jun 2025
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