Understanding the Market | Hisense H.A. fell nearly 6%, with a year-on-year decrease of 5.4% in net profit attributable to the parent company in the third quarter, facing short-term pressure on exports
Hisense H.A. stock price fell nearly 6%, down 5.75% as of the time of writing, at HKD 22.62, with a transaction volume of HKD 103 million. The company's operating revenue for the first three quarters was CNY 71.5327 billion, a year-on-year increase of 1.35%; net profit attributable to the parent company was CNY 2.8118 billion, a year-on-year increase of 0.67%. In the third quarter, revenue was CNY 22.19 billion, a year-on-year increase of 1.16%; net profit attributable to the parent company was CNY 740 million, a year-on-year decrease of 5.4%. Analysts believe that this was mainly affected by weak performance in central air conditioning and fluctuations in exports, while domestic sales remained relatively stable, with short-term pressure on exports
According to Zhitong Finance APP, Hisense H.A. (00921) fell nearly 6%, as of the time of writing, down 5.75% to HKD 22.62, with a transaction volume of HKD 103 million.
In terms of news, Hisense H.A. released its performance for the first three quarters, achieving an operating income of CNY 71.5327 billion, a year-on-year increase of 1.35%; the net profit attributable to shareholders of the listed company was CNY 2.8118 billion, a year-on-year increase of 0.67%. Looking specifically at the third quarter, the company achieved revenue of CNY 22.19 billion, a year-on-year increase of 1.16%; the net profit attributable to the parent company was CNY 740 million, a year-on-year decrease of 5.4%. Huatai Securities believes that the performance was mainly affected by weak central air conditioning and fluctuations in exports, and that Q3 revenue and net profit performance still face pressure.
Industrial Securities pointed out that in Q3 2025, the performance of categories was differentiated, with domestic sales relatively stable and exports under short-term pressure. According to statistics from the industry online, in July-August 2025, the sales of Hisense multi-split air conditioners increased by 2.1% year-on-year (domestic sales increased by 2.7% year-on-year, exports decreased by 3.1%), and in Q3 2025, the sales of Hisense home air conditioners increased by 4.7% year-on-year (domestic sales increased by 40.7% year-on-year, exports decreased by 19.8%). In July-August 2025, the sales of Hisense refrigerators increased by 3.4% year-on-year (domestic sales increased by 25.9% year-on-year, exports decreased by 7.6%). Overall, it is expected that the company's domestic sales performance in Q3 2025 will be generally stable, with white goods performing better than central air conditioning, while exports will face short-term pressure
