[Table_MainInfo] 公司研究/家用电器与器具/家用电器 证券研究报告 海信家电（000921）公司研究报告 2024年06月04日 [Table_InvestInfo] 首次 治理持续优化，业绩端表现优异 投资评级 优于大市 覆盖 股票数据 [Table_Summary] 0[6Ta月b0le3_日S收to盘ck价I（nf元o]） 40.37 投资要点： 52周股价波动（元） 19.69-43.18 总股本/流通A股（百万股） 1387/903  公司23年度及24Q1业绩表现优异。公司23年全年收入规模856亿元，同比 总市值/流通市值（百万元） 56000/56000 增长15.5%，实现归母净利润28.4亿元，同比增长97.7%。其中Q4单季度实 相关研究 现收入207.0亿元，同比增长21.13%，实现归母净利润4.11亿元，同比增长 [Table_ReportInfo] 12.66%。公司Q4单季度收入及利润端表现优异，单季度收入增速均环比优于 Q3。24年一季度实现营收 234.86亿元，同比增长 20.87%，实现归母净利润 9.81 亿元，同比增长 59.5%，扣非净利润达 8 ...

股 票 研 究 [Table_industryInfo] 家用电器业 [ Table_Main[海I Tnaf 信bol]e 家_Ti电tle]（ 0921） [评Tab级le_：Inv est] 增持 当前价格（港元）： 33.80 出口业务高增，业绩改善再超预期 2024.05.06 海 ——海信家电 2024Q1 季报点评 [ 交Ta易bl数e_M据a rket] 外 蔡雯娟(分析师) 谢丛睿(分析师) 曲世强(研究助理) 52周内股价区间（港元） 15.48-33.80 当前股本（百万股） 1,388 公 021-38031654 021-38038437 021-38031025 当前市值（百万港元） 46,912 司 caiwenjuan024354@gtjas.co xiecongrui@gtjas.com qushiqiang028674@gtjas.co （ 证书编号 mS0 880521050002 S0880523090004 mS0 880123070132 [ Table_PicQuote] 中 本报告导读： 52周内股价走势图 国 公司 2024 年 Q1业绩超预期，出口业务贡献收 ...

Financial Performance - Revenue increased by 15.5% year-on-year, with net profit attributable to shareholders rising by 97.7%[6] - The company's operating revenue for 2023 reached RMB 85.60 billion, a year-on-year increase of 15.50% compared to RMB 74.12 billion in 2022[61] - Net profit attributable to shareholders increased by 97.73% to RMB 2.84 billion in 2023 from RMB 1.43 billion in 2022[61] - The cash flow from operating activities saw a significant increase of 163.2% year-on-year, indicating improved liquidity and operational efficiency[60] - The total assets of the company at the end of 2023 were RMB 65.95 billion, up 19.09% from RMB 55.38 billion at the end of 2022[62] - The net assets attributable to shareholders increased by 17.90% to RMB 13.58 billion in 2023 from RMB 11.52 billion in 2022[62] - The company reported a basic earnings per share of RMB 2.08, a 98.10% increase from RMB 1.05 in 2022[61] - The manufacturing sector contributed RMB 76.96 billion, accounting for 89.91% of total revenue, with a year-on-year growth of 14.02%[66] - Domestic sales accounted for 57.28% of total revenue, amounting to RMB 49.04 billion, reflecting a 15.04% increase from the previous year[66] Market Growth and Product Performance - The number of users on the Hisense Home App increased by 54% year-on-year, while monthly active users rose by 58%[9] - The retail sales growth of the Hisense Brilliant series reached 287% in 2023[12] - The market share of multi-split air conditioning systems exceeded 20%[10] - The air conditioning heat pump segment grew by 46% year-on-year, while the refrigerator market share in Thailand and Malaysia increased by 2.3 and 3.1 percentage points, respectively[13] - Overall revenue in the ASEAN region grew by over 20% in 2023, with Hisense brand revenue increasing by over 70%[13] - The home air conditioning business achieved a retail sales growth of 41.4% online and 14.3% offline in 2023, surpassing industry growth by 26 percentage points and 10 percentage points respectively[34] - The refrigerator business reported a main business revenue growth of 18.7% in 2023, with retail sales increasing by 17.8% and market share rising by 1.6 percentage points[38] - The washing machine segment reported a 53.6% increase in main business revenue, driven by the innovative active water washing technology that reduced washing time by 20% and improved stain removal capability by 22%[42] - The kitchen appliance segment experienced a 66% year-on-year growth, with the Hisense dishwasher receiving multiple certifications for its high standards in cleaning and disinfection[43] Technological Innovation - The C3 series air conditioner achieved over 99.99% efficiency in filtering PM0.3 particles, showcasing advanced technology[8] - The AI-powered temperature control module in the Rongsheng WILL series refrigerator improved preservation effectiveness by 20%[8] - The company launched the "ThinkAir Active Whole Health Air Solution" and received positive user feedback for its 5G+ Honor Home Series central air conditioning products[30] - The company's innovative four-pipe multi-connected machines significantly reduced energy consumption during the manufacturing process, achieving a notable energy saving effect[32] - The company’s refrigerator technology improved the freshness of fruits and vegetables by 20% for a 7-day period, utilizing near-infrared light preservation technology[78] - The company introduced advanced technologies in dishwashers, achieving a 20% increase in single-side airflow and a 70% improvement in heating area for cooking appliances[79] Corporate Governance and Shareholder Engagement - The company has adopted the corporate governance code as per the Hong Kong Listing Rules to enhance governance standards[90] - The board of directors consists of nine members, including six executive directors and three independent non-executive directors[101] - The company has established communication channels with shareholders through various means, including announcements and electronic communications[92] - The company has a strategic committee and an ESG committee to oversee strategic initiatives and environmental, social, and governance matters[91] - The company ensures timely responses to shareholder inquiries and suggestions through designated personnel[98] - The company has outlined procedures for shareholders to convene extraordinary general meetings, requiring at least 10% shareholding to make such requests[95] Sustainability and Environmental Initiatives - The company has created 7 green factories and 2 green supply chains, aligning with national carbon neutrality policies[16] - The family energy management system achieved a 13% energy saving through the integration of photovoltaic, energy storage, heat pump, and smart control technologies[15] - The company has set mid- to long-term carbon reduction targets and is enhancing its ESG risk management mechanisms[86] - The company has established an ISO14001 environmental management system, which has passed re-certification, indicating a commitment to environmental protection[153] Employee Engagement and Development - The company has a robust employee training system and provides various support services, including employee apartments and health services, to enhance employee satisfaction[155] - The total training hours exceeded 770,000, with 43,000 employees receiving training during the reporting period[164] - The group employed 56,240 staff as of December 31, 2023, including 10,816 technical personnel and 12,362 sales personnel[163] Strategic Expansion and Market Positioning - The company aims to enhance its digital transformation focusing on product, customer, and user lines, while establishing five overseas regional centers[19] - The company is transitioning to a comprehensive thermal management system supplier for electric vehicles, focusing on energy efficiency and carbon neutrality[80] - The company plans to implement a dual-track supply chain to improve long-term cost reduction capabilities and optimize global production capacity[86] - The company is actively searching for new directors and senior management candidates based on its internal needs and the talent market[119] Risk Management - The company faces risks including macroeconomic fluctuations, rising costs of raw materials and labor, currency exchange rate volatility, and trade protectionism impacting overseas operations[87] - The company has implemented a risk-first investment decision-making process, focusing on liquidity and returns, to enhance financial stability[60]

Financial Performance - Operating revenue for Q1 2024 reached RMB 23.49 billion, a year-on-year increase of 20.87% compared to RMB 19.43 billion in the same period last year[4] - Net profit attributable to shareholders was RMB 981.25 million, representing a 59.48% increase from RMB 615.30 million in the previous year[4] - The net profit after deducting non-recurring gains and losses was RMB 837.89 million, up 60.89% from RMB 520.78 million year-on-year[4] - Basic and diluted earnings per share increased to RMB 0.72, a rise of 60.00% from RMB 0.45 in the previous year[4] - The company's total equity attributable to shareholders increased to RMB 14.31 billion, up 5.36% from RMB 13.58 billion at the end of the previous year[4] Cash Flow and Expenses - The cash flow from operating activities showed a significant decline, totaling RMB 156.05 million, down 82.40% from RMB 886.46 million in the same period last year[4] - The company's R&D expenses for the period amounted to RMB 774.18 million, a 34.30% increase compared to RMB 576.47 million in the previous year[6] - The company reported a significant increase in financial income, with cash received from investment income rising by 89.54% to RMB 118.80 million[6] Shareholder Information - The number of shareholders at the end of the reporting period was 19,091, with Qingdao Hisense Air Conditioning Co., Ltd. holding 37.23% of the shares[7] - The top ten unrestricted shareholders include Qingdao Hisense Air Conditioning Co., Ltd. with 516,758,670 shares, accounting for a significant portion of the company's equity[8] - Hong Kong Central Clearing (Nominee) Limited holds 458,932,527 shares, representing foreign listed shares, indicating strong foreign interest in the company[8] - The company has a total of 12,445,200 H shares held by Hisense (Hong Kong) Limited, which accounts for 8.97% of the total shares, highlighting the influence of its major shareholder[8] - The National Social Security Fund's 101 and 103 portfolios hold 13,590,932 and 11,000,000 shares respectively, showing institutional investment support[8] - The company has a total of 7,200,000 shares held by Zhang Shaowu, a domestic individual shareholder, reflecting individual investor engagement[8] - The report indicates that there are no known related party relationships among the top shareholders, ensuring transparency in ownership[8] Governance and Reporting - The company will prepare its Q1 2024 report in both Chinese and English, with the Chinese version taking precedence in case of discrepancies[9] - The board of directors includes six executive directors and three independent non-executive directors, ensuring a diverse governance structure[10]

Financial Performance - The company's revenue for Q1 2024 reached ¥23,486,119,294.48, representing a 20.87% increase compared to ¥19,430,480,828.07 in the same period last year[3] - Net profit attributable to shareholders was ¥981,246,783.99, a significant increase of 59.48% from ¥615,296,643.26 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥837,889,225.17, up 60.89% from ¥520,783,170.28 in the previous year[3] - Total operating revenue for Q1 2024 reached CNY 23,486,119,294.48, an increase of 20.5% compared to CNY 19,430,480,828.07 in the same period last year[14] - Net profit for Q1 2024 was CNY 1,537,455,169.86, a significant increase of 47.5% from CNY 1,042,258,545.77 in the previous year[15] - The total comprehensive income for Q1 2024 reached CNY 1,549,127,508.76, compared to CNY 1,102,622,546.74 in the same period last year, indicating a year-over-year increase of about 40.6%[16] - The basic and diluted earnings per share for Q1 2024 were both CNY 0.72, up from CNY 0.45 in Q1 2023, reflecting a growth of 60%[16] Cash Flow and Liquidity - The company's cash flow from operating activities showed a decline of 82.40%, amounting to ¥156,049,168.70 compared to ¥886,463,601.52 in the same period last year[3] - Cash inflows from operating activities totaled CNY 18,519,925,149.28, compared to CNY 16,081,473,482.74 in the previous year, marking an increase of approximately 15.2%[18] - The net cash flow from operating activities was CNY 156,049,168.70, a decrease from CNY 886,463,601.52 in Q1 2023[18] - Cash and cash equivalents at the end of Q1 2024 amounted to CNY 3,113,769,261.78, slightly down from CNY 3,205,383,971.61 at the end of Q1 2023[19] - The company reported a net cash outflow from financing activities of CNY 543,383,356.25, compared to a net inflow of CNY 626,302,995.69 in the same period last year[18] - The cash inflow from investment activities was CNY 7,796,536,903.29, significantly higher than CNY 4,079,609,380.32 in Q1 2023, indicating a growth of approximately 91.5%[18] - The company received CNY 818,996,871.54 in tax refunds during Q1 2024, compared to CNY 635,635,338.05 in the previous year, representing an increase of about 29%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥69,737,380,537.16, reflecting a 5.75% increase from ¥65,946,495,555.67 at the end of the previous year[3] - Cash and cash equivalents at the end of the period were RMB 5,292,941,166.47, compared to RMB 4,939,273,198.62 at the beginning of the period, reflecting a growth of approximately 7.2%[11] - Accounts receivable increased to RMB 10,692,127,372.94 from RMB 9,225,321,882.07, representing a rise of about 15.9%[12] - Total current assets reached RMB 48,947,890,260.53, up from RMB 45,139,919,481.27, marking an increase of around 6.2%[12] - The total liabilities, including short-term borrowings and accounts payable, were RMB 15,461,914,140.12, up from RMB 14,608,429,378.74, indicating an increase of approximately 5.8%[12] - The total liabilities as of Q1 2024 amounted to CNY 49,162,583,576.33, compared to CNY 46,550,436,429.03 in the previous year, reflecting a growth of 3.3%[13] - Total equity increased to CNY 20,574,796,960.83 from CNY 19,396,059,126.64, representing a year-over-year growth of 6.1%[13] Research and Development - Research and development expenses increased by 34.30%, totaling ¥774,184,218.46 compared to ¥576,469,605.18 in the previous year[7] - Research and development expenses rose to CNY 774,184,218.46, up from CNY 576,469,605.18, marking a 34.3% increase year-over-year[15] Future Outlook - Future outlook includes plans for market expansion and new product development to sustain growth momentum[15] - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,091, with the top ten shareholders holding a significant portion of the shares[8] - The company has not identified any non-recurring gains or losses that would be classified as regular gains or losses[6] - The company did not undergo an audit for the Q1 2024 report[20]

股 票 研 究 [Table_industryInfo] 家用电器业 [ Table_Main[海I Tnaf 信bol]e 家_Ti电tle]（ 0921） [评Tab级le_：Inv est] 增持 当前价格（港元）： 25.65 Q4 经营利润持续改善，24 年增长依旧确定 2024.04.05 海 ——海信家电 2023 年报点评 [ 交Ta易bl数e_M据a rket] 外 蔡雯娟(分析师) 谢丛睿(分析师) 曲世强(研究助理) 52周内股价区间（港元） 13.60-25.75 当前股本（百万股） 1,388 公 021-38031654 021-38038437 021-38031025 当前市值（百万港元） 35,601 司 caiwenjuan024354@gtjas.co xiecongrui@gtjas.com qushiqiang028674@gtjas.co （ 证书编号 mS0 880521050002 S0880523090004 mS0 880123070132 [ Table_PicQuote] 中 本报告导读： 52周内股价走势图 国 公司 2023年业绩符合预期，公司传统白 ...

Financial Performance - The total operating revenue for 2023 reached RMB 85.60 billion, an increase of 15.5% compared to RMB 74.12 billion in 2022[7] - The total operating costs for 2023 were RMB 81.46 billion, up from RMB 71.26 billion in 2022, reflecting a growth of 14.3%[7] - The net profit attributable to the parent company for 2023 was RMB 3.05 billion, compared to RMB 2.83 billion in 2022, representing a year-on-year increase of 7.8%[7] - The total operating profit increased to RMB 5,248,016,394.49, up from RMB 3,367,104,322.41, representing a growth of approximately 55.7%[8] - The net profit attributable to shareholders of the parent company rose to RMB 2,837,322,754.58, compared to RMB 1,434,968,215.84, marking an increase of about 97.7%[8] - The total comprehensive income attributable to the parent company's owners reached RMB 2,943,053,128.82, up from RMB 1,462,665,662.77, reflecting a growth of approximately 101.5%[9] - The total profit amounted to RMB 5,684,557,420.82, an increase from RMB 3,823,809,728.21, which is a growth of around 48.6%[8] - The net profit for the year was RMB 5,684,557,420.82, compared to RMB 3,823,809,728.21 in 2022, reflecting a significant increase of 48.7%[20] - The net profit excluding non-recurring gains and losses for 2023 was approximately RMB 2.36 billion, up 160.07% from RMB 905.5 million in 2022[89] Assets and Liabilities - The total assets of the company as of December 31, 2023, amounted to RMB 65.95 billion, a growth of 19.2% from RMB 55.38 billion at the beginning of the year[6] - The total liabilities increased to RMB 46.55 billion, up 19.0% from RMB 39.10 billion in 2022[6] - The total assets amounted to RMB 65,946,495,555.67, compared to RMB 55,375,868,443.33 in the previous year, indicating a growth of 19.5%[20] - Total liabilities were RMB 46,550,436,429.03, up from RMB 39,096,785,837.42, representing an increase of 19.0%[20] - The asset-liability ratio as of December 31, 2023, was 70.59%, slightly down from 70.60% in 2022[116] Cash Flow and Investments - The company's cash and cash equivalents decreased to RMB 4.94 billion from RMB 6.00 billion, a decline of 17.7%[3] - The net cash flow from operating activities for 2023 improved significantly by 163.2%, reaching approximately RMB 10.61 billion compared to RMB 4.03 billion in 2022[89] - The company's operating cash flow net amount increased by 163.17% year-on-year, reaching RMB 10.61 billion[100] - The group's capital expenditure for the year ended December 31, 2023, was RMB 985.12 million, sufficient to meet capital expenditure plans and operational needs[115] Research and Development - Research and development expenses for 2023 were RMB 2.78 billion, an increase of 21.4% from RMB 2.29 billion in 2022[7] - The company will continue to invest in R&D, with R&D expenses rising by 21.41% to RMB 2.78 billion[98] Market Performance - Domestic revenue was RMB 49,035,166,343.99, up from RMB 42,624,208,014.02, reflecting a growth of 15.5%[21] - Overseas revenue increased to RMB 27,924,024,928.43 from RMB 24,870,531,178.68, marking a growth of 8.2%[21] - The central air conditioning market in China grew by 4.6% in 2023, with centrifugal and two-link supply products performing exceptionally well, while multi-link machines maintained a market share of 48.7%[45] - The domestic air conditioning market retail volume increased by 6.5% in 2023, with retail sales rising by 7.5%, driven by consumer demand for upgraded products[46] - The refrigerator market saw a retail volume growth of 1.5% and a retail value increase of 7.0% in 2023, with a notable shift towards high-end and embedded products[48] - The washing machine market experienced a retail volume growth of 3.4% and a retail value increase of 5.8% in 2023, supported by the popularity of dryer machines and the trend of home integration[49] - The kitchen appliance market recorded a retail volume growth of 0.8% and a retail value increase of 5.3% in 2023, with essential categories like range hoods and water heaters rebounding significantly[50] Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[7] - The company aims to strengthen its global operational model and expand overseas markets, focusing on five major regional centers[108] - The company is committed to building a dual-track supply chain to improve long-term cost reduction capabilities[109] - The company is actively expanding new channels, with a 151% year-on-year growth in new channel sales through platforms like Douyin and Kuaishou[67] Corporate Governance and Risks - The company has adhered to the corporate governance code as per the Hong Kong Listing Rules during the reporting period[121] - The company faces risks from macroeconomic fluctuations that may impact consumer demand for home appliances[110] - The company is facing certain foreign exchange risks due to procurement and export transactions settled in foreign currencies, and it has employed financial instruments to hedge these risks[113] Shareholder Information - The board proposed a cash dividend of RMB 10.13 per 10 shares, totaling approximately RMB 1,391,284,501.87, subject to shareholder approval at the 2023 annual general meeting[112] - The company repurchased 11,699,989 A-shares from January 16 to March 16, 2023, for a total amount of RMB 211,401,111.66[119] - The 2024 A-share repurchase plan allows for a maximum repurchase price of RMB 27.00 per share, with a total repurchase fund of not less than RMB 1.8787 billion and not more than RMB 3.7573 billion[123]

Financial Performance - Revenue increased by 15.5% year-on-year, while net profit attributable to shareholders surged by 97.7%[8] - The company's operating revenue for 2023 reached ¥85.6 billion, representing a 15.5% increase compared to the previous year[23] - The net profit attributable to shareholders for 2023 was ¥2.84 billion, a significant increase of 97.73% year-on-year[23] - The net cash flow from operating activities for 2023 was ¥10.61 billion, up 163.17% from the previous year[23] - Total assets at the end of 2023 amounted to ¥65.95 billion, reflecting a 19.09% increase from the end of 2022[24] - The net assets attributable to shareholders at the end of 2023 were ¥13.58 billion, an increase of 17.90% compared to the end of 2022[24] - The company reported a basic earnings per share of ¥2.08 for 2023, compared to ¥1.05 in 2022, marking a 98.10% increase[23] Dividends and Shareholder Returns - The company distributed a cash dividend of 10.13 CNY per 10 shares, based on a total share capital of 1,373,429,913 shares after buybacks[4] - The company has cumulatively distributed approximately 3.6 billion CNY in dividends to minority shareholders over the past decade, with a proposal to maintain a high dividend ratio in 2023[15] - In 2023, the company repurchased shares totaling 210 million CNY, enhancing shareholder confidence[15] - The company's cash dividend for the current period represents 100% of the total distributable profit[152] Market and Product Performance - The number of users on the Hisense Home app increased by 54% year-on-year, with monthly active users rising by 58%[10] - The market share of Hisense's multi-split air conditioning systems exceeded 20%[11] - The sales growth rate of the Hisense Brilliant series of dishwashers reached 287% in 2023[11] - The central air conditioning heat pump business saw a year-on-year growth of 46%, while the market share in Thailand and Malaysia increased by 2.3 and 3.1 percentage points respectively[12] - The overall revenue in the ASEAN region grew by over 20% in 2023, with Hisense brand revenue increasing by over 70%[12] - The home air conditioning business achieved online and offline retail sales growth of 41.4% and 14.3% respectively in 2023, surpassing industry growth by 26 percentage points and 10 percentage points[43] - The refrigerator business saw a revenue growth of 18.7% in 2023, with retail sales increasing by 17.8% and market share rising by 1.6 percentage points[46] Innovation and Technology - The AI-powered temperature control module in the Rongsheng WILL series refrigerator improved preservation effectiveness by 20%[10] - The company launched a new employee stock ownership plan to enhance long-term strategic goals and governance structure[9] - The company launched the ECO-B smart building mobile app, reducing building operating costs by 20%[14] - The family energy management system achieved a 13% energy saving through the integration of photovoltaic, energy storage, heat pump, and smart control technologies[14] - The HVAC system innovations include a new generation Gen5 electric compressor platform compatible with multiple refrigerants, achieving industry-leading performance in high pressure, miniaturization, and low noise[54] Sustainability and Environmental Initiatives - The company has established 7 green factories and 2 green supply chains, and has created 5 industrial product green design demonstration enterprises[14] - The company’s comprehensive energy-saving measures resulted in an overall energy saving rate of 8.1% for the year[68] - The company invested a total of 13.0665 million yuan in environmental governance and protection in 2023, focusing on wastewater and waste gas treatment equipment, environmental monitoring, and education training[174] - The company has created 7 national-level "green factories" and 2 national-level "green supply chains," tracking and improving 27 key energy-saving projects, achieving energy savings of 2,221.7 tons of standard coal, with a cost-saving benefit of 8.45 million yuan[174] Corporate Governance and Management - The company has established a comprehensive independent procurement, production, sales, and research and development system[113] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring a complete and independent operational structure[113] - The company has established an ESG committee to strengthen its commitment to environmental, social, and governance practices[131] - The company has implemented a performance-based salary system for senior management, linking their annual salary to revenue and profit growth[156] Employee Engagement and Development - The employee training program totaled over 770,000 hours, with 43,000 participants across various levels and roles[149] - The company has established a dual career development path for employees, focusing on both professional and managerial skills[148] - The company has implemented a stock incentive plan for A-share employees, ensuring compliance with relevant regulations and protecting shareholder interests[143] Strategic Initiatives and Future Outlook - The company aims to enhance its digital transformation focusing on products, customers, and users, while establishing five overseas regional centers in Europe, America, ASEAN, Middle East Africa, and Asia Pacific[16] - The company has set a revenue guidance of 1 billion RMB for the next fiscal year, projecting a growth rate of 10%[122] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency and user experience[122] - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs[122]

Financial Performance - The company's revenue for Q3 2023 reached ¥21,955,657,812.97, an increase of 17.29% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was ¥928,442,073.02, representing a significant increase of 106.49% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥799,315,978.16, up 130.12% from the previous year[3]. - The basic earnings per share for Q3 2023 was ¥0.69, reflecting a growth of 109.09% year-on-year[3]. - Total operating revenue for the period reached CNY 64.90 billion, an increase from CNY 57.03 billion in the previous period, representing a growth of approximately 13.3%[13]. - The company reported a net profit of CNY 3.75 billion for the period, compared to CNY 2.80 billion in the previous period, representing a growth of approximately 33.9%[13]. - The net profit for Q3 2023 reached CNY 3,962,894,078.53, a significant increase from CNY 2,299,211,852.53 in Q3 2022, representing a growth of approximately 72.5%[14]. - The company reported a total profit of CNY 4,672,953,001.09 for Q3 2023, up from CNY 2,843,831,331.47 in Q3 2022, representing an increase of approximately 64.3%[14]. - The company’s operating profit for Q3 2023 was CNY 4,454,960,440.96, compared to CNY 2,688,453,604.68 in the same period last year, indicating a growth of about 65.8%[14]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥64,442,317,561.80, an increase of 16.37% compared to the end of the previous year[3]. - The total assets of the company reached CNY 64.44 billion, compared to CNY 55.38 billion in the previous period, marking an increase of about 16.4%[12]. - The total liabilities increased to CNY 45.92 billion from CNY 39.10 billion, which is an increase of approximately 17.5%[12]. - The company's total equity attributable to shareholders increased by 14.63% to ¥13,203,090,534.64 compared to the end of the previous year[3]. - The equity attributable to shareholders of the parent company rose to CNY 13.20 billion from CNY 11.52 billion, showing an increase of about 14.6%[12]. Cash Flow and Investments - Cash flow from operating activities for the year-to-date reached ¥8,700,882,100.65, marking an increase of 111.56%[3]. - Cash flow from operating activities netted CNY 8,700,882,100.65, compared to CNY 4,112,665,147.87 in the same period last year, showing a growth of about 111.5%[16]. - The company reported a net cash outflow from investing activities of CNY 8,862,746,475.40, compared to a smaller outflow of CNY 2,056,312,258.72 in the previous year[17]. - The company experienced a decrease in net cash flow from financing activities, with a net outflow of CNY 182,619,066.94 compared to an outflow of CNY 2,328,331,357.52 in the previous year[17]. Shareholder Information - As of September 30, 2023, the total number of ordinary shareholders is 19,337, with the largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., holding 37.23% of shares[7]. - The total number of shares held by the top ten shareholders accounts for 8.97% of the company's total shares[8]. - There are no significant changes in the shareholder structure or any related party transactions reported[7]. Operational Metrics - Total operating costs amounted to CNY 61.15 billion, up from CNY 55.00 billion, indicating a rise of about 11.5%[13]. - Research and development expenses increased to CNY 1.92 billion from CNY 1.62 billion, reflecting a growth of approximately 18.2%[13]. - The company's inventory decreased from CNY 6,552,835,435.54 to CNY 5,221,754,904.61, a reduction of approximately 20.3%[10]. - The total current assets rose from CNY 36,629,189,836.92 to CNY 43,585,796,194.78, indicating an increase of approximately 19%[10]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[12]. - The company has not disclosed any new product developments or market expansion strategies in the current report[9].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或 因倚賴該等內容而引致的任何損失承擔任何責任。 HISENSE HOME APPLIANCES GROUP CO., LTD. 海信家電集團股份有限公司 （在中華人民共和國註册成立的股份有限公司） (股份代號：00921) 2023 年第三季度報告 本公告乃海信家電集團股份有限公司(「本公司」)根據《證券及期貨條例》（第571章）第XIVA 部及香港聯合交易所有限公司證券上市規則第13.09條和第13.10B條之規定作出。 一、重要提示 1. 本公司董事會、監事會及董事、監事、高級管理人員保證本報告所載資料不存在虛假記載、 誤導性陳述或者重大遺漏，並對其內容的真實、準確和完整承擔個別及連帶法律責任。 2. 本公司負責人代慧忠先生、主管會計工作負責人高玉玲女士及會計機構負責人（會計主管 人員）李佳女士聲明：保證季度報告中財務報表的真實、準確、完整。 3. 全體董事均出席了審議批准 2023 年第三季度報告的董事會會議。 4. 本公司 2023 年第三季 ...