Hisense Home Appliances Group (000921) Q3 2026 earnings summary

Executive summary

• Q3 revenue fell 8.76% YoY and net profit attributable to shareholders declined 74.00%; YTD revenue and attributable profit fell 6.32% and 34.23%, respectively.

• YTD operating cash flow was RMB6.66bn; non-recurring gains were RMB500.09m, contributing to the difference between reported and adjusted attributable profit.

Financial highlights

• Q3 revenue was RMB20.25bn; attributable net profit was RMB191.18m and adjusted attributable net profit was RMB16.68m.

• YTD revenue was RMB67.01bn; attributable net profit was RMB1.85bn and adjusted attributable net profit was RMB1.35bn.

• YTD operating profit was RMB3.50bn vs RMB4.61bn a year earlier; net profit was RMB2.82bn vs RMB4.07bn.

Key financial ratios and metrics

• YTD basic and diluted EPS were RMB1.35, down 34.47% YoY; Q3 basic and diluted EPS were RMB0.14, down 74.07%.

• Weighted average ROE was 10.39% YTD, down 6.70 percentage points; Q3 ROE was 1.09%, down 3.39 percentage points.

• Total assets were RMB73.05bn at quarter-end, up 4.38% from year-end; attributable equity was RMB17.51bn, up 0.24%.