Want to see HK:0921 full AI Analyst Report?
Top Page
Hisense Home Appliances Group Co
(0921)
Select Model
Select Model
Rating:59Neutral
Price Target:
HK$23.00
â–²(7.58% Upside)
Action:Downgraded
Date:08/19/26
The score is driven primarily by weakened financial performance—declining revenue, lower margins, materially higher leverage, and reduced free-cash-flow strength—partly offset by supportive valuation (moderate P/E and high dividend yield). Technical indicators add modest downside pressure due to weak momentum and price below key short-term moving averages.
Positive Factors
Established branded appliance platform
Owned brands and an established manufacturing and sales platform can support customer recognition, distribution access and product continuity. Exposure to both domestic and overseas markets also provides a broader base for maintaining demand over the medium term.
Negative Factors
Revenue and earnings deterioration
Declining revenue and EPS signal weaker demand, volume, pricing or product mix. If the contraction persists, it could reduce scale benefits, constrain investment capacity and make it harder for the company to sustain its prior earnings trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Established branded appliance platform
Owned brands and an established manufacturing and sales platform can support customer recognition, distribution access and product continuity. Exposure to both domestic and overseas markets also provides a broader base for maintaining demand over the medium term.
Read all positive factors
Hisense Home Appliances Group Co (0921) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$38.70B
Dividend Yield6.83%
Average Volume (3M)747.39K
Price to Earnings (P/E)13.1
Beta (1Y)0.92
Revenue Growth-5.25%
EPS Growth-15.94%
CountryHK
Employees37,759
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)2.02
Shares Outstanding459,589,800
10 Day Avg. Volume798,705
30 Day Avg. Volume747,395
Financial Highlights & Ratios
PEG Ratio-1.69
Price to Book (P/B)1.63
Price to Sales (P/S)0.32
P/FCF Ratio7.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$24.50Price Target Upside14.59% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.19
Revenue Forecast (FY)HK$88.39B
Hisense Home Appliances Group Co Business Overview & Revenue Model
Company Description
Hisense Home Appliances Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, marketing, and servicing of home appliances in the People's Republic of China and internationally. It operates through Air ...
How the Company Makes Money
The company primarily makes money by selling home appliances through wholesale and retail distribution channels. Key revenue streams include: (1) Refrigeration products (e.g., refrigerators and freezers), generated from unit sales to distributors,...
Hisense Home Appliances Group Co Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
48
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.25B | 87.93B | 92.75B | 85.60B | 74.12B | 67.56B |
| Gross Profit | 17.71B | 18.74B | 19.27B | 18.84B | 15.33B | 13.31B |
| EBITDA | 5.10B | 6.97B | 7.26B | 7.04B | 5.27B | 4.08B |
| Net Income | 2.77B | 3.19B | 3.35B | 2.84B | 3.07B | 2.34B |
Balance Sheet | ||||||
| Total Assets | 78.09B | 69.98B | 69.70B | 65.95B | 55.38B | 55.95B |
| Cash, Cash Equivalents and Short-Term Investments | 26.73B | 22.65B | 20.61B | 18.13B | 12.76B | 12.65B |
| Total Debt | 18.06B | 3.54B | 2.92B | 2.75B | 1.90B | 3.46B |
| Total Liabilities | 56.39B | 48.46B | 50.33B | 46.55B | 39.10B | 40.36B |
| Stockholders Equity | 17.45B | 17.47B | 15.46B | 13.58B | 11.52B | 10.34B |
Cash Flow | ||||||
| Free Cash Flow | 2.33B | 3.68B | 3.74B | 9.63B | 3.15B | 3.21B |
| Operating Cash Flow | 4.53B | 5.80B | 5.13B | 10.61B | 4.03B | 4.31B |
| Investing Cash Flow | -1.60B | -3.55B | -619.44M | -9.56B | -2.60B | -4.42B |
| Financing Cash Flow | -1.95B | -2.02B | -5.12B | -621.14M | -1.78B | 1.47B |
Hisense Home Appliances Group Co Technical Analysis
Negative
21.38
Price Trends
22.32
Negative
22.66
Negative
22.18
Negative
Market Momentum
-0.25
Positive
43.90
Neutral
19.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0921, the sentiment is Negative. The current price of 21.38 is below the 20-day moving average (MA) of 22.03, below the 50-day MA of 22.32, and below the 200-day MA of 22.18, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 43.90 is Neutral, neither overbought nor oversold. The STOCH value of 19.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0921.
Hisense Home Appliances Group Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$718.31B | 13.88 | 19.96% | 5.18% | 9.41% | 6.11% | |
73 Outperform | HK$204.68B | 10.31 | 14.77% | 6.55% | 0.59% | -6.14% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$38.70B | 13.12 | 15.74% | 6.83% | -5.25% | -15.94% | |
56 Neutral | HK$5.60B | 16.15 | 8.56% | 3.47% | 0.39% | ― | |
52 Neutral | HK$294.22M | -16.07 | -0.49% | 414.85% | 4.73% | 76.27% | |
41 Neutral | HK$76.58M | -0.04 | -38.45% | 3.07% | ― | ― |
* Consumer Cyclical Sector Average
HK:0921
Hisense Home Appliances Group Co
21.42
-1.51
-6.59%
HK:1691
JS Global Lifestyle Company Limited
1.64
-0.22
-11.62%
HK:2127
Huisen Household International Group Limited
0.02
0.00
0.00%
HK:2222
NVC International Holdings Ltd.
0.58
-0.22
-27.50%
HK:6690
Haier Smart Home Co., Ltd. Class H
20.14
-3.75
-15.70%
HK:0300
Midea Group Co. Ltd. Class H
94.85
17.15
22.07%
Hisense Home Appliances Group Co Corporate Events
Hisense Home Appliances Shifts Hong Kong Principal Office to Cityplaza One
Aug 19, 2026
Hisense Home Appliances Group Co., Ltd. announced that its principal place of business in Hong Kong will move to Suite 2701, 27/F, Cityplaza One, 1111 King’s Road, with effect from 19 August 2026. The relocation, which leaves its existing te...
Hisense Home Appliances reshapes board roles with new employee director
Aug 17, 2026
Hisense Home Appliances announced the resignation of employee representative director and authorised representative Yin Bi Tong, who also stepped down from the Strategy Committee and the Environmental, Social and Governance Committee, citing work ...
Hisense Home Appliances Details Board and Committee Structure
Aug 17, 2026
Hisense Home Appliances Group has announced the current composition of its board of directors, led by chairperson Gao Yu Ling and comprising executive, independent non-executive and employee representative directors. The disclosure highlights the ...
Hisense Home Appliances Expands Asset Base in 2026 Interim Results
Aug 17, 2026
Hisense Home Appliances Group Co., Ltd. reported its unaudited interim results for the six months ended 30 June 2026, prepared under Chinese Accounting Standards for Business Enterprises. The company’s total assets rose to approximately RMB ...
Hisense Home Appliances Schedules Board Meeting to Approve 2026 Interim Results
Aug 3, 2026
Hisense Home Appliances Group Co., Ltd. has scheduled a board meeting for 17 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board may also address other business items, signaling upcoming...
Hisense Home Appliances Shareholders Approve Financial Assistance Resolution at 2026 EGM
Jul 28, 2026
Hisense Home Appliances Group reported the poll results of its second extraordinary general meeting of 2026, held in Qingdao with directors attending in person or electronically and procedures conducted in accordance with PRC company law and the f...
Hisense Home Appliances Sets Exchange Rate and Payout for 2025 Final Dividend
Jul 21, 2026
Hisense Home Appliances Group Co., Ltd. has confirmed details of its final cash dividend for the financial year ended 31 December 2025, following earlier board proposals and shareholder communications. The company will distribute RMB12.65 (tax inc...
Hisense Home Appliances Sets Final 2025 Dividend and Tax Terms for H-Shareholders
Jul 21, 2026
Hisense Home Appliances Group Co., Ltd. has announced a final ordinary cash dividend for the financial year ended 31 December 2025, declaring RMB 12.65 per 10 H shares, with shareholders’ approval obtained on 25 June 2026. For Hong Kong inve...
Hisense Home Appliances Invests RMB1.705 Billion of Idle Funds in Low-Risk Wealth Products
Jul 14, 2026
Hisense Home Appliances Group has disclosed that it and two key marketing subsidiaries subscribed to Huaneng Trust wealth management products totaling RMB1.705 billion between 21 January and 14 July 2026, using idle funds. The move follows prior s...
Hisense Home Appliances Calls July EGM on Intra-Group Financial Assistance
Jul 8, 2026
Hisense Home Appliances Group Co., Ltd. has convened its 2026 second extraordinary general meeting for 28 July 2026 in Qingdao, China, aimed at shareholders of its Hong Kong-listed H shares. The meeting will be conducted in accordance with Hong Ko...
Hisense Home Appliances Invests RMB1.84 Billion Idle Funds in Low-Risk Wealth Products
Jul 6, 2026
Hisense Home Appliances Group Co., Ltd. has disclosed that between 5 March and 6 July 2026, it and its subsidiaries Air Conditioning Company and Refrigerator Marketing Company subscribed to Western Trust wealth management products totaling RMB1.84...
Hisense Home Appliances Deploys RMB1.85 Billion of Idle Funds into SITI Trust Products
Jul 3, 2026
Hisense Home Appliances Group Co., Ltd. is a PRC-based manufacturer of home appliances, with key operations spanning air conditioning, refrigeration and related household products. The group focuses on both domestic and international markets, oper...
Hisense Deploys Idle Cash into RMB2.06 Billion Jingu Trust Wealth Products
Jun 26, 2026
Hisense Home Appliances Group has authorised the use of idle self-owned funds to purchase low-to-medium-risk fixed-income products, aiming to enhance capital utilisation and returns on cash assets. The company’s board and shareholders approv...
Hisense Home Appliances shareholders approve all resolutions at 2025 AGM
Jun 25, 2026
Hisense Home Appliances Group held its 2025 annual general meeting on 25 June 2026 in Qingdao, with all directors attending in person or electronically and the meeting convened in compliance with PRC company law and the company’s articles. T...
Hisense Home Appliances Sets 2025 AGM to Approve Results and New Financing Mandates
May 29, 2026
Hisense Home Appliances Group Co. has convened its 2025 annual general meeting for 25 June 2026 in Qingdao, where shareholders will review the 2025 board report, annual report, audited consolidated financial statements and profit distribution prop...
Hisense Home Appliances Updates Final 2025 Dividend Details and Tax Treatment
May 29, 2026
Hisense Home Appliances Group Co., Ltd. has updated details of its proposed final dividend for the financial year ended 31 December 2025, declaring a payout of RMB 12.65 per 10 shares, with shareholder approval scheduled for 25 June 2026. The comp...
Hisense Home Appliances Deploys RMB1.81 Billion into Chongqing Trust Wealth Products
May 19, 2026
Hisense Home Appliances Group has entered into a series of Chongqing Trust wealth management agreements between July 2025 and May 2026, committing an aggregate RMB1.81 billion of idle funds into medium-to-low risk fixed-income trust products. The ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.