Hisense Home Appliances Group (000921) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was ¥46.77 billion, down 5.22% year-over-year; net profit attributable to shareholders was ¥1.66 billion, down 20.16%.

• Operating cash flow decreased 39.21% year-over-year to ¥3.24 billion.

• Domestic and overseas markets faced significant headwinds, with domestic air conditioning and appliance markets declining and overseas growth offsetting some pressure.

Financial highlights

• Gross margin for manufacturing was 20.36%, down 2.3 percentage points year-over-year.

• Basic and diluted EPS were both ¥1.21, down 20.39% year-over-year.

• Total assets at period end were ¥78.10 billion, up 11.6% from year-end 2025.

• Net assets attributable to shareholders were ¥17.46 billion, essentially flat year-over-year.

• Cash and cash equivalents at period end were ¥4.09 billion, up 25.3% from year-end 2025.

Outlook and guidance

• The company will continue to focus on high-end product transformation, overseas market expansion, and digital/AI-driven operational efficiency.

• Management expects continued industry pressure but aims for improved profitability through cost control, supply chain optimization, and product innovation.