Hisense V.T.(600060)

Search documents
数读黑电半年报|四川长虹营收超560亿现金流为负极米科技为“大促”存货周转达172天
Xin Lang Cai Jing· 2025-09-30 10:33
Core Viewpoint - The domestic home appliance market shows resilience in growth during the first half of 2025, supported by the "trade-in" policy, with the TV industry retail volume and value both increasing slightly compared to the previous year [1] Group 1: Market Performance - In the first half of 2025, the retail volume of the domestic TV industry reached 15.27 million units, a year-on-year increase of 0.9%, while the retail value was 62.5 billion yuan, showing a positive trend [1] - A total of 10 listed companies in the black home appliance sector reported a combined revenue of 102.15 billion yuan, representing a 6.3% increase compared to the same period in 2024 [1] Group 2: Company Performance - Sichuan Changhong led the revenue rankings with 56.71 billion yuan, approximately 2.08 times that of the second-ranked Hisense Visual, while the top company in other black home appliance categories, Skyworth Electronics, reported only 4.095 billion yuan [1] - The operating costs of black home appliance companies generally increased, with about two-thirds of the companies experiencing a cost growth rate higher than their revenue growth [1] Group 3: Cost and Efficiency - The operating cost as a percentage of revenue for black home appliance companies remained between 80% and 90%, with 70% of companies experiencing a decline in gross margin year-on-year [1] - *ST Gauss had an operating cost ratio as high as 96.5%, with a slight decrease in sales gross margin to 3.5% [1] - Companies like Chenyi Intelligent and Hisense Visual saw comprehensive growth in sales, management, and R&D expenses, while others like *ST Gauss and Jiulian Technology reduced both sales and R&D expenses [1] Group 4: Profitability - Hisense Visual achieved the highest net profit attributable to shareholders at approximately 1.056 billion yuan, nearly 400 million yuan higher than the second-ranked Zhao Chi Shares [1] - *ST Gauss and Jiulian Technology reported losses, marking three consecutive years of mid-year net losses [1] - Tongzhou Electronics led in sales net profit margin at 37.4%, nearly doubling compared to the same period in 2024, while *ST Gauss ranked last with a margin of -31.4% [1] Group 5: Cash Flow and Inventory - Zhao Chi Shares reported positive operating cash flow, while *ST Gauss, Tongzhou Electronics, Skyworth Digital, and others experienced net cash outflows from operating activities [1] - Approximately 60% of companies saw a year-on-year decrease in operating cash flow net amount [1] - *ST Gauss had accounts receivable turnover days exceeding 300, while Hisense Visual and Extreme Technology maintained turnover days below 30, indicating faster cash recovery [1] - Extreme Technology reported inventory turnover days of 172, significantly higher than the average of 75 days for comparable companies, attributed to preemptive stocking for promotional events [1]
数读黑电半年报 | 四川长虹营收超560亿现金流为负 极米科技为“大促”存货周转达172天
Xin Lang Zheng Quan· 2025-09-30 09:28
Core Insights - The domestic home appliance market showed resilience in the first half of 2025, with the "trade-in" policy contributing to growth in both volume and revenue [1] - The retail volume of the domestic television industry reached 15.27 million units, a year-on-year increase of 0.9%, while retail revenue was 62.5 billion yuan, up 10.8% year-on-year [1] - The export of liquid crystal televisions declined by 2.5% year-on-year, totaling 48.53 million units due to geopolitical tensions and tariff barriers [1] Company Performance - A total of 10 black home appliance companies reported a combined revenue of 102.15 billion yuan in the first half of 2025, a 6.3% increase from the same period in 2024 [1] - The net profit attributable to shareholders for these companies was 2.506 billion yuan, compared to 2.178 billion yuan in 2024 [1] - Among the four major television companies, total revenue was 92.517 billion yuan, with a net profit of 2.187 billion yuan, representing increases of 7.0% and 9.8% respectively [1] Individual Company Highlights - Sichuan Changhong led with a revenue of 56.705 billion yuan, 10.3% higher year-on-year, and a net profit of 0.501 billion yuan, up 78.6% [2][3] - Hisense Visual achieved a revenue of 27.231 billion yuan, a 7.0% increase, with a net profit of 1.056 billion yuan, up 26.6% [2][3] - Zhaochi Co. and Skyworth Digital reported declines in both revenue and net profit, while Tongzhou Electronics turned a profit after previous losses [1] Cost and Profitability Analysis - The operating costs for black home appliance companies generally increased, with about two-thirds of companies seeing cost growth outpacing revenue growth [3][4] - The gross profit margin for most companies declined, with *ST Gauss having a gross margin of only 3.5% [4] - Tongzhou Electronics reported a remarkable net profit margin of 37.4%, nearly doubling from the previous year [8] Cash Flow and Efficiency - Operating cash flow was positive for Zhaochi Co., while several companies, including *ST Gauss and Sichuan Changhong, experienced cash outflows [11] - Hisense Visual reported a 48.6% increase in operating cash flow, reaching 1.802 billion yuan [11] - *ST Gauss faced significant challenges with accounts receivable, with turnover days exceeding 300 days, while Hisense Visual and Extreme Technology maintained turnover days below 30 [13]
海信璀璨真空冰箱x崂山白花蛇草水解锁家庭冰饮新玩法
Huan Qiu Wang· 2025-09-30 08:39
Core Viewpoint - The collaboration between Hisense Refrigerator and Laoshan Baihua Shecao Water aims to enhance consumer experience in healthy drinking and ice-making, promoting a new lifestyle through innovative products and experiences [1][4][6]. Group 1: Company Collaboration - Hisense Refrigerator and Laoshan Baihua Shecao Water are creating a cross-industry partnership focused on "good water makes good ice, good ice pairs with good drinks" [1]. - The partnership is designed to provide consumers with a refreshing, healthy, and convenient upgraded home ice drink experience [1][4]. Group 2: Product Innovation - Hisense Refrigerator has developed two vacuum preservation technologies, "Vacuum First Class" and "Vacuum Cube," to cater to diverse food storage needs, backed by over 300 patents [1]. - The refrigerator's automatic ice-making technology has been certified by the China Household Electrical Appliances Research Institute, showcasing superior performance in ice-making speed, uniformity, and reliability [4][6]. Group 3: Consumer Engagement - The upcoming city tour event will feature interactive experiences such as "Fresh Supply Station" and "Shecao Water Speed Drinking Challenge," allowing consumers to engage with the brand's philosophy [4]. - The collaboration emphasizes the importance of user experience, focusing on health and cleanliness through advanced technologies like blue light sterilization and nano-silver antibacterial materials [6]. Group 4: Market Trends - This partnership exemplifies a trend of value co-creation in real-life consumer scenarios, moving beyond mere brand exposure [6]. - The collaboration aims to advocate for a more creative, healthier, and enjoyable family lifestyle, reinforcing Hisense Refrigerator's image as a high-end technology brand in the ice storage and making sector [6].
世界杯官方指定冰箱璀璨头等舱650发布,以“海升明月”定义高端厨居美学新境
Huan Qiu Wang· 2025-09-30 08:31
9月30日,海信冰箱在青岛举行"真空真保鲜 '呲'刻好新鲜"——海信璀璨真空冰箱城市巡展暨新品发布会,正式推出旗舰新品——海信璀璨真空头等舱650冰 箱。这款2026世界杯™全球官方指定冰箱深度融合东方美学与真空磁场保鲜技术,旨在为追求高品质生活的用户带来"科技与美学"融合的全新家居体验。 当下,品质用户对家电的需求已超越基础功能,更追求其文化内涵、舒适体验与审美共鸣。占据厨房C位的冰箱,需"内外兼修",集品位、美学、健康与便 捷于一身。基于此洞察,海信为新品打造了"海升明月·万象璀璨"的星璟面板。该设计融汇东方美学神韵,交织沧海波光与月色,以独特的明月PI曲线勾勒 海上月影,呈现"明月映海,万象璀璨"的诗意意境,为现代厨居注入通透雅致的气韵。面板历经七层顶级工艺锻造,触感温润且耐磨,并精雕"回纹"、"云 纹"等经典吉祥纹样,细节之处尽显匠心。 在空间规划上,新品直面现代多代同堂家庭的储鲜刚需,以650L墅级大容量和仅908毫米的箱体宽度,实现了62%的行业顶配容积率,成为行业容积率最高 的法式四门双系统冰箱,亦是同宽度内容量最大的平嵌冰箱。其纯平全嵌设计与60cm超薄机身,能严丝合缝嵌入橱柜。搭载的177专 ...
从技术创新到生活焕新 海信发布秋季暨世界杯系列新品
Zhong Guo Xin Wen Wang· 2025-09-30 06:48
在与智能家电交互中,好家电的标准早已从以往的"解决用户痛点",升级到了今天激发消费者对美好生 活的向往。此次新品发布会不仅是一场海信关乎"科技实力"的有力见证,更是对"开心生活"方式的焕新 定义。为此,面对年轻消费群体,海信推出"大薄荷"智能套系家电。聚焦年轻人的需求、倾听年轻人的 心声,以"大、薄、核"为核心卖点:大屏幕、大容量、大风量为年轻人提供高颜值、省心更省钱的家居 方案,对极致新生活的追求做最优解。 "真正的科技,不是炫技,而是让每一个普通家庭,都能享受更美好的生活。"每一次的技术迭代,每一 次的产品焕新,海信都让用户距离全新的美好生活更近一步。 (文章来源:中国新闻网) 国庆中秋将至,如何给自己的生活添点"新"装备,收获开心的假期?9月29日,海信开"新"生活暨世界 杯新品发布会上,给全球用户带来了答案。 作为2026年世界杯全球官方赞助商,此次发布涵盖五大品类二十余款产品:从让视界焕然一新的RGB- MiniLED电视,到让空气时刻鲜活的新风空调;从持久锁鲜的真空冰箱,到让衣物焕新如初的多筒洗衣 机。基于对全球用户及球迷对开"新"生活的美好需求,海信打造行业唯一AI全景美好体验。每一种新 品,都 ...
让“保鲜”有标可依!海信冰箱牵头制定生鲜肉类鲜度评价规范
Zhong Guo Zhi Liang Xin Wen Wang· 2025-09-30 05:11
Core Viewpoint - The establishment of the "Freshness Quality Evaluation Standard for Household Refrigerators" marks a significant advancement in the refrigerator industry's ability to preserve meat freshness, transitioning from conceptual promotion to a scientifically validated stage [1][3]. Industry Summary - The new standard fills a gap in consumer understanding of refrigerator preservation capabilities, providing a multi-dimensional evaluation method that includes sensory evaluation, weight loss rate, color difference, texture, and key biochemical indicators such as Total Volatile Basic Nitrogen (TVB-N) [3][5]. - The standardization is seen as a crucial step for the home appliance industry, which is currently facing a pivotal moment of consumption upgrade and technological innovation, guiding high-quality development and meeting consumer expectations for quality living [3][5]. Company Summary - Hisense, as a key drafting unit, has contributed significantly to the standard with its vacuum preservation technology, particularly the newly launched vacuum magnetic field preservation technology [5]. - The vacuum magnetic field preservation technology combines a constant temperature and humidity, low pressure, and low oxygen vacuum environment with a specific magnetic field, effectively delaying food oxidation and preserving freshness at a molecular level [5]. - The successful approval and release of the standard signify a new phase of standardization and technological advancement in the meat preservation sector of China's refrigerator industry, showcasing Hisense's commitment to innovation and consumer upgrade [5].
热泵洗烘一体机线下主销价位销量第一:解码海信洗衣机技术破局之道
Quan Jing Wang· 2025-09-30 01:32
Core Viewpoint - Hisense's heat pump washing and drying technology is fundamentally transforming the laundry care industry, showcasing significant advancements in product functionality and user experience [1][2]. Technology Breakthrough - The heat pump washing and drying integrated technology saves space and simplifies the laundry process by allowing clothes to transition directly from washing to drying without manual transfer, providing a convenient experience [1]. - Hisense's Zeus integrated heat pump drying system operates at a precise temperature of 42°C, consuming about 50% less energy compared to traditional methods, thus redefining drying efficiency [2]. - The technology excels in wrinkle prevention, utilizing a three-variable frequency system to gently smooth out wrinkles, achieving results comparable to manual ironing [2]. Competitive Advantage - The market for multi-tub washing machines is becoming increasingly competitive, yet few brands possess the core technology for heat pump systems, leaving a gap in addressing key issues like health isolation and energy efficiency [3]. - Hisense's Ultra family tub technology, while more complex and costly, creates a significant technological barrier that enhances its competitive edge in the market [3]. - Users are willing to pay for tangible technological benefits, which Hisense's products deliver through reduced wrinkles, no deformation, effective lint removal, and energy efficiency [3]. Innovative Value - Since launching the world's first three-tub washing machine in 2017, Hisense has developed a complete ecosystem of heat pump washing and drying products, receiving multiple awards for its innovation [4]. - The Ultra family tub has achieved recognition as the top-selling heat pump washing and drying machine in its price category, reflecting consumer trust in Hisense's technology [4]. - Hisense is expanding the application of heat pump technology across various product lines and price ranges, promoting a lifestyle of "wash and wear" for more households, which signifies a strategic move towards industry-wide technological advancement [4].
2026美加墨世界杯官方空调来了!海信璀璨U6和深睡宝X5央视直播间首秀
Cai Fu Zai Xian· 2025-09-30 01:21
首创星闪人感智慧风,总不吹人真自在 发布会上,为了直观展现璀璨U6的星闪人感技术,海信空气事业部品牌总监杨祥玺与央视主持人完成 了一场"空调吹蜡烛"的实验。当主持人准备点蜡烛时,由于空调对着人跟蛋糕直吹,蜡烛始终无法点 燃;但当听到语音指令"海信小聚,别吹我"后,空调即刻启动"风避人吹"模式,智能调整风向,避开人 体及蛋糕区域,蜡烛随即顺利点燃。随后,在主持人许愿完毕移步到蛋糕的一侧时,燃烧的蜡烛在没有 任何外力吹拂的情况下熄灭了。 据了解,星闪SLP人感技术就像一套极其精准的"蝙蝠回声定位"系统,它持续发射纳秒级量级的极短无 线电脉冲信号,当脉冲碰到人或其它物体后,会像回声一样反弹回来。SLP人感系统通过计算就能得到 高精度的距离信息,最终实现无摄像头参与下的人体目标精准感知,与此同时,通过端侧AI模型的加 持和大量实验突破,实现了对绿植、窗帘、风扇等干扰目标的精准识别与剔除,确保在复杂家居环境中 仍能提供精准的人感能力,让空调送风更聪明,解决风吹人等痛点。 搭载CO₂传感器主动开启新风,1晚多睡1小时 在发布现场,总台主持人亲身体验了海信新风空调深睡宝X5疾速换新空气的操作:工作人员通过在玻 璃房内充入干 ...
鲜味真空藏,美味不串门,解码海信真空冰箱保鲜黑科技
Huan Qiu Wang· 2025-09-29 10:55
Core Insights - Hisense launched two new refrigerators, the Hisense Brilliant Vacuum Refrigerator and the Hisense Little Durian 500 Refrigerator, featuring advanced vacuum preservation technology that prevents flavor mixing and enhances food freshness [1][5]. Group 1: Vacuum Preservation Technology - The Hisense Brilliant Vacuum Refrigerator utilizes a vacuum magnetic preservation technology that controls temperature, humidity, low oxygen, and magnetic fields to create an optimal preservation environment [4]. - A demonstration showed that meat stored for 7 days in the vacuum refrigerator retained its fresh appearance and quality, outperforming standard refrigeration methods [2][4]. - The TVB-N value of the meat stored in the vacuum refrigerator exceeded national first-grade fresh meat standards, indicating superior freshness [4]. Group 2: Flavor Preservation - The Hisense Little Durian 500 Refrigerator addresses the challenge of flavor mixing by creating independent vacuum spaces for different food items, effectively preventing odor transfer [5][7]. - A live demonstration highlighted that durians stored in the vacuum system showed negligible odor changes compared to those stored in conventional methods, which exhibited significant odor increases [5][7]. - The refrigerator boasts a net flavor rate of over 99.9%, allowing strong-smelling foods to coexist with milder items without affecting their taste [7]. Group 3: Design and Aesthetics - The design of the Hisense Brilliant Vacuum Refrigerator is inspired by "Sea Rising Moon," combining Eastern aesthetics with modern craftsmanship, making it adaptable to various home decor styles [7]. - The Little Durian 500 Refrigerator features a compact design that is ideal for efficient space utilization, measuring only 60CM in depth [7]. - Both refrigerators aim to enhance the consumer experience by providing a fresh and flavorful food storage solution [7].
央视直播见证:海信“小榴莲”冰箱以真空保鲜终结食材串味难题
Qi Lu Wan Bao· 2025-09-29 10:30
9月29日,一场别开生面的海信超级新品发布会通过央视直播平台与全国观众见面。这不仅是一场科技 盛宴,更是一次对传统家居生活体验的权威见证。发布会围绕消费者日常使用冰箱的核心痛点——食材 串味问题展开,特别是针对榴莲、臭豆腐等"气味炸弹"的储存困扰,进行了一场生动而严谨的现场实 验。最终,海信推出的"小榴莲500冰箱"交出了一份令人信服的答卷,其"放榴莲也不串味"的强劲性能 更获得了央视平台的权威认证。 直播过程中,嘉宾们首先移步至新品冰箱展示区。面对央视主持人提出的关于"冰箱味儿"的普遍困扰, 海信真空冰箱全球产品企划总监念晶晶自信地引出了本次发布会的主角——海信小榴莲500冰箱。另一 位嘉宾的准备工作则更为"硬核",提前在冰箱内放置了榴莲、臭豆腐等极具挑战性的"大味选手",瞬间 将现场氛围与观众的好奇心一同拉满。当央视主持人表达对打开冰箱门的担忧时,念晶晶以"完全有信 心"的肯定回应,并共同开启了冰箱。令人惊喜的是,尽管内置"重口味"食材,央视主持人近距离感受 后确认"一点味也没有"。为进一步验证保鲜效果,念晶晶现场展示了使用配套"真空魔方"在冰箱内腌制 的捞汁小海鲜,打开魔方时"呲"的泄压声,不仅证明了其 ...