According to reports, Hisense Group plans to consider merging its subsidiaries in the electronic products and home appliances business

Hisense Group is considering merging its consumer electronics and home appliances subsidiaries, which may involve Hisense V.T. acquiring Hisense H.A. The merger is still in the preliminary discussion stage. Hisense V.T. closed today at RMB 26.46, up 3.76%; Hisense H.A. closed today at HKD 26.62, up 6.99%

Hisense is reportedly considering merging its electronics and home appliance businesses. (Bloomberg)

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

Hisense H.A. released its performance for the first three quarters, with a net profit attributable to the parent company of 2.8118 billion yuan, a year-on-year increase of 0.67%

According to the Zhitong Finance APP, Hisense H.A. reported its performance for the first three quarters, achieving an operating income of 71.5327 billion yuan, a year-on-year increase of 1.35%; the net profit attributable to shareholders of the listed company was 2.8118 billion yuan, a year-on-year increase of 0.67%. The basic earnings per share were 2.06 yuan

Guolian Minsheng Securities: Household air conditioning sales both domestically and internationally weakened in September, pay attention to the company's operational aspects α

Guolian Minsheng Securities released a research report indicating that due to the base effect and policy impact, the domestic and foreign sales of household air conditioners weakened in September, with a divergence in the performance of leading domestic sales. Data shows that the production of household air conditioners in September decreased by 13.48% year-on-year, and sales fell by 10.24%. Haier experienced counter-cyclical growth, with domestic sales increasing by 25% year-on-year. Although export orders are relatively positive, there are setbacks in tariff negotiations, and sales data may still remain sluggish in the short term. It is expected that domestic shipments will increase by 24% year-on-year in Q4 2024