Group 1 - Hisense Home Appliances reported a revenue of 49.34 billion yuan and a net profit of 2.077 billion yuan for the first half of 2025, with year-on-year growth of 1.44% and 3.01% respectively, indicating a slowdown in performance compared to the previous year [2] - The company announced a change in leadership, with Hu Jianrong resigning as president and the board appointing Gao Yuling, the current chairman, as the new president, marking the first female president in the company's history [2] - Gao Yuling's dual role as chairman and president is expected to enhance decision-making and execution efficiency, aligning with the practices of major competitors like Midea Group and Haier Smart Home [2] Group 2 - The domestic central air conditioning market saw a decline of 15.9% year-on-year, while the retail sales of household air conditioners increased by 24.9%, and the refrigerator and washing machine markets also experienced growth [3] - Hisense's HVAC revenue decreased by 1.56% year-on-year, while the revenue from refrigerators and washing machines grew by 2.12%, with domestic revenue slightly down by 0.06% and overseas revenue up by 1.35% [3] - The appointment of former Midea executive Yin Bitong as the head of Hisense's air conditioning division indicates a strategic move to expand its air conditioning business [3]

格隆汇7月30日丨海信家电(00921.HK)发布公告，(1)胡剑涌不再担任执行董事、总裁、战略委员会成员 及ESG委员会成员职务，生效日期为2025年7月30日；(2)朱聃不再担任执行董事及战略委员会成员职 务，生效日期为2025年7月30日；(3)殷必彤已被选举为职工代表董事，获委任为战略委员会成员及ESG 委员会成员，生效日期为2025年7月30日；(4)方雪玉已被提名为第十二届董事会执行董事，且其委任须 待股东于股东会上批准；(5)高玉玲已获委任为公司总裁，生效日期为2025年7月30日；(6)胡剑涌不再担 任上市规则项下的授权代表，生效日期为2025年7月30日；及(7)殷必彤已获委任为上市规则项下的授权 代表，生效日期为2025年7月30日。 ...

Core Insights - Hisense Home Appliances (000921) reported a total revenue of 49.34 billion RMB for the first half of 2025, representing a year-on-year increase of 1.44% [1] - The net profit attributable to shareholders reached 2.077 billion RMB, marking a year-on-year growth of 3.01% [1] - Basic earnings per share stood at 1.52 RMB [1] Industry Overview - The domestic washing machine industry experienced a release of consumer potential due to the national subsidy policy for "old-for-new" appliance exchanges [1] - According to AVC monitoring data, the retail volume of the washing machine market grew by 7.3% year-on-year in the first half of 2025 [1] - The policy benefits are gradually diminishing, indicating a transition to a high-quality development phase in the industry, with increasing consumer demand for integrated washing and drying machines, large-capacity models, and segmented washing functions [1] Global Market Trends - Despite challenges such as geopolitical risks and rising shipping costs, the global home appliance market demonstrated strong resilience [1] - Data from the industry online indicates that from January to May 2025, the export volume of refrigerators increased by 6.5%, washing machines by 10%, and air conditioners by 15.2% year-on-year [1] - The demand for upgrades and high-end products in the European and American markets continues to drive market growth, with consumers increasingly favoring energy-efficient and smart appliances [1] - Emerging markets like Latin America and ASEAN are experiencing significant consumer potential due to their large population bases, leading to a continuous increase in the penetration rate of home appliance products [1]

海信家电（000921）(00921)公布，胡剑涌先生不再担任公司执行董事、总裁、战略委员会成员及ESG 委员会成员职务，生效日期为2025年7月30日;朱聃先生不再担任公司执行董事及战略委员会成员职务， 生效日期为2025年7月30日;殷必彤先生已被选举为公司职工代表董事，获委任为战略委员会成员及ESG 委员会成员，生效日期为2025年7月30日;方雪玉女士已被提名为公司第十二届董事会的执行董事，且其 委任须待股东于股东会上批准;高玉玲女士已获委任为公司总裁，生效日期为2025年7月30日;胡剑涌先 生不再担任上市规则项下的授权代表，生效日期为2025年7月30日;及殷必彤先生已获委任为上市规则项 下的授权代表，生效日期为2025年7月30日。 ...

智通财经APP讯，海信家电(00921)发布2025年中期业绩，该集团营业总收入493.4亿元(人民币，下同)， 同比增加1.44%;归母净利润20.77亿元，同比增加3.01%;基本每股收益1.52元。 公告称，2025年上半年， 国内洗衣机行业在"家电以旧换新"国家补贴政策刺激下，消费潜力得以释放。据奥维云网(AVC)监测数 据，上半年洗衣机市场零售量同比增长7.3%，政策红利对存量市场的拉动作用逐步减弱，行业进入高 质量发展转型期，消费者对洗烘一体机、大容量机型和分区洗护功能的需求日益增长。 2025年上半年，尽管面临地缘政治风险和航运费用上涨等挑战，全球家电市场仍展现出较强韧性。根据 产业在线数据，2025年1-5月，冰箱行业出口量同比增长6.5%，洗衣机行业出口量同比增长10%，空调 行业出口量同比增长15.2%。欧美市场更新换代和高端化升级需求持续推动市场增长，消费者对节能、 智能家电的偏好增加，拉美和东盟等新兴市场人口基数大叠加消费潜力巨大，推动家电产品渗透率不断 提升。 该信息由智通财经网提供 ...

（在中華人民共和國註冊成立的股份有限公司） （股份代號：00921） HISENSE HOME APPLIANCES GROUP CO., LTD. 海信家電集團股份有限公司 董事會成員名單、角色及職能 海信家電集團股份有限公司董事會(「董事會」)成員載列如下: 執行董事 高玉玲女士(董事長) 賈少謙先生 于芝濤先生 代慧忠先生 獨立非執行董事 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產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 徐國君先生(主席) 李志剛先生 1 蔡榮星先生 提名委員會 蔡榮星先生(主席) 賈少謙先生 高玉玲女士 李志剛先生 徐國君先生 李志剛先生 蔡榮星先生 徐國君先生 職工代表董事 殷必彤先生 董事會設立五個委員會，各董事會成員在這些委員會中所擔任的職位載列如下: 審計委員會 高玉玲女士(主席) 賈少謙先生 于芝濤先生 殷必彤先生 環境、社會和公司治理委員會 高玉玲女士(主席) 賈少謙先生 于芝濤先生 代慧忠先生 殷必彤先生 中國廣東省佛山市，2025 年 7 月 ...

智通财经APP讯，海信家电(00921)公布，胡剑涌先生不再担任公司执行董事、总裁、战略委员会成员及 ESG委员会成员职务，生效日期为2025年7月30日;朱聃先生不再担任公司执行董事及战略委员会成员职 务，生效日期为2025年7月30日;殷必彤先生已被选举为公司职工代表董事，获委任为战略委员会成员及 ESG委员会成员，生效日期为2025年7月30日; 方雪玉女士已被提名为公司第十二届董事会的执行董事， 且其委任须待股东于股东会上批准;高玉玲女士已获委任为公司总裁，生效日期为2025年7月30日;胡剑 涌先生不再担任上市规则项下的授权代表，生效日期为2025年7月30日;及殷必彤先生已获委任为上市规 则项下的授权代表，生效日期为2025年7月30日。 ...

格隆汇7月30日丨海信家电(00921.HK)发布公告，(1)胡剑涌不再担任执行董事、总裁、战略委员会成员 及ESG委员会成员职务，生效日期为2025年7月30日；(2)朱聃不再担任执行董事及战略委员会成员职 务，生效日期为2025年7月30日；(3)殷必彤已被选举为职工代表董事，获委任为战略委员会成员及ESG 委员会成员，生效日期为2025年7月30日；(4)方雪玉已被提名为第十二届董事会执行董事，且其委任须 待股东于股东会上批准；(5)高玉玲已获委任为公司总裁，生效日期为2025年7月30日；(6)胡剑涌不再担 任上市规则项下的授权代表，生效日期为2025年7月30日；及(7)殷必彤已获委任为上市规则项下的授权 代表，生效日期为2025年7月30日。 ...

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產生或 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冊成立的股份有限公司） （股份代號：00921） (1) 執行董事及總裁之變更； (2) 選舉職工代表董事； 執行董事、總裁、戰略委員會成員及環境、社會和公司治理委員會成員辭任 海信家電集團股份有限公司（「本公司」，連同其附屬公司，「本集團」）董事（「董 事」）會（「董事會」）宣佈： (1) 胡劍涌先生（「胡先生」）因個人原因不再擔任本公司執行董事、總裁、本公司戰 略委員會（「戰略委員會」）成員及本公司環境、社會和公司治理委員會（「ESG委員 會」）成員職務，生效日期為2025年7月30日；及 1 (1) 胡劍涌先生不再擔任本公司執行董事、總裁、戰略委員會成員及ESG委員會成員職務， 生效日期為2025年7月30日； (2) 朱聃先生不再擔任本公司執行董事及戰略委員會成員職務，生 ...

Company Announcement Information [Announcement Statement and Company Basic Information](index=1&type=section&id=Announcement%20Statement%20and%20Company%20Basic%20Information) Hisense Home Appliances Group Co, Ltd (00921) released its 2025 interim results announcement for the six months ended June 30, 2025, with unaudited results reviewed by the audit committee - Company Name: Hisense Home Appliances Group Co, Ltd (00921)[2](index=2&type=chunk) - Reporting Period: Six months ended June 30, 2025[3](index=3&type=chunk) - Review Status: Unaudited interim results reviewed by the Board's Audit Committee[3](index=3&type=chunk) Financial Statements [Consolidated Balance Sheet](index=1&type=section&id=Consolidated%20Balance%20Sheet) As of June 30, 2025, the company's total assets reached 74.81 billion RMB, a 7.33% increase from January 1, 2025, with current assets accounting for approximately 77.27% of the total, while total liabilities were 55.30 billion RMB and owner's equity was 19.52 billion RMB Consolidated Balance Sheet Key Data (As of June 30, 2025) | Indicator | June 30, 2025 (RMB) | January 1, 2025 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 74,812,977,278.50 | 69,701,939,817.33 | 7.33% Increase | | Total Current Assets | 57,805,446,745.90 | 52,507,910,456.50 | 10.09% Increase | | Total Non-Current Assets | 17,007,530,532.60 | 17,194,029,360.83 | 1.08% Decrease | | Total Liabilities | 55,297,948,921.09 | 50,327,415,106.20 | 9.88% Increase | | Total Owner's Equity | 19,515,028,357.41 | 19,374,524,711.13 | 0.72% Increase | [Consolidated Income Statement](index=3&type=section&id=Consolidated%20Income%20Statement) In the first half of 2025, the company achieved total operating revenue of 49.34 billion RMB, a 1.44% year-on-year increase, with net profit at 2.99 billion RMB, a 1.37% year-on-year decrease, and net profit attributable to owners of the parent company at 2.08 billion RMB, a 3.01% year-on-year increase Consolidated Income Statement Key Data (January-June 2025) | Indicator | January-June 2025 (RMB) | January-June 2024 (RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 49,340,344,981.85 | 48,641,673,374.79 | 1.44% Increase | | Total Operating Costs | 46,785,652,816.07 | 46,206,400,614.00 | 1.25% Increase | | Operating Profit | 3,378,926,755.43 | 3,358,753,563.53 | 0.60% Increase | | Total Profit | 3,425,345,316.42 | 3,499,349,611.74 | 2.11% Decrease | | Net Profit | 2,988,665,863.17 | 3,030,152,740.60 | 1.37% Decrease | | Net Profit Attributable to Owners of the Parent Company | 2,076,581,358.73 | 2,015,831,383.14 | 3.01% Increase | | Minority Interests | 912,084,504.44 | 1,014,321,357.46 | 10.08% Decrease | Notes to Financial Statements [General Information (Company Background)](index=5&type=section&id=1.%20General%20Information) The company was incorporated in China on December 16, 1992, with H-shares and A-shares listed in 1996 and 1999, respectively, and as of June 30, 2025, its total share capital was 1,385,616,805 shares, with Hisense Air Conditioning as the controlling shareholder holding 37.29%, primarily engaged in R&D, manufacturing, and marketing of various home appliances and automotive air conditioning compressors - Company Incorporation Date: December 16, 1992[10](index=10&type=chunk) - H-share Listing Date: July 23, 1996 (HKEX); A-share Listing Date: July 13, 1999 (SZSE)[10](index=10&type=chunk) - Total Share Capital as of June 30, 2025: 1,385,616,805 shares, with Hisense Air Conditioning as the controlling shareholder holding **37.29%**[12](index=12&type=chunk) - Main Business: R&D, manufacturing, and marketing of refrigerators, household air conditioners, central air conditioners, freezers, washing machines, kitchen appliances, molds, automotive air conditioning compressors, and integrated thermal management systems[12](index=12&type=chunk) [Basis of Preparation of Financial Statements](index=6&type=section&id=2.%20Basis%20of%20Preparation%20of%20Financial%20Statements) The company's financial statements are prepared on a going concern basis in accordance with Chinese Enterprise Accounting Standards and relevant regulations from the China Securities Regulatory Commission, Shenzhen Stock Exchange, and Hong Kong Stock Exchange, using the accrual basis and historical cost as measurement bases - Basis of Preparation: Going concern assumption, adhering to Chinese Enterprise Accounting Standards and relevant disclosure requirements[13](index=13&type=chunk) - Accounting Basis: Accrual basis, measured at historical cost except for certain financial instruments[13](index=13&type=chunk) [Significant Accounting Policy Changes](index=6&type=section&id=3.%20Significant%20Accounting%20Policy%20Changes) There were no significant accounting policy changes in the current period, but the company retrospectively adjusted "Operating Costs" and "Selling Expenses" for 2024 based on Interpretation No 18 of the Accounting Standards for Business Enterprises, reclassifying warranty provisions to operating costs, which increased operating costs by 240 million RMB and decreased selling expenses by 240 million RMB in the first half of 2024 - No significant accounting policy changes in the current period[14](index=14&type=chunk) - 2024 Accounting Policy Change: Warranty provisions reclassified from "Selling Expenses" to "Cost of Sales" and "Other Operating Costs" based on Interpretation No 18 of the Accounting Standards for Business Enterprises[14](index=14&type=chunk) Impact of Accounting Policy Change on Consolidated Income Statement Items for H1 2024 | Item | Before Adjustment (RMB) | Adjustment (RMB) | After Adjustment (RMB) | | :--- | :--- | :--- | :--- | | Operating Costs | 38,291,675,401.05 | 240,034,724.24 | 38,531,710,125.29 | | Selling Expenses | 4,959,752,440.46 | -240,034,724.24 | 4,719,717,716.22 | [Segment Information](index=7&type=section&id=4.%20Segment%20Information) The company segments its operations by HVAC, refrigeration/washing, and other businesses, with external revenue in the first half of 2025 at 23.69 billion RMB for HVAC, 15.39 billion RMB for refrigeration/washing, and 6.61 billion RMB for other businesses, while overseas transaction revenue increased by 12.34% year-on-year to 20.45 billion RMB External Transaction Revenue by Business Segment for H1 2025 | Segment | External Transaction Revenue (RMB) | | :--- | :--- | | HVAC | 23,694,226,316.45 | | Refrigeration & Washing | 15,392,341,672.05 | | Other | 6,613,204,473.42 | | Total | 45,699,772,461.92 | Regional Transaction Revenue for H1 2025 | Region | January-June 2025 (RMB) | January-June 2024 (RMB) | | :--- | :--- | :--- | | Domestic Transaction Revenue | 25,248,768,513.67 | 25,328,122,655.20 | | Overseas Transaction Revenue | 20,451,003,948.25 | 18,205,328,605.92 | | Total | 45,699,772,461.92 | 43,533,451,261.12 | - Overseas transaction revenue increased by **12.34%** year-on-year[20](index=20&type=chunk) [Accounts Receivable](index=8&type=section&id=5.%20Accounts%20Receivable) As of June 30, 2025, the carrying value of accounts receivable was 12