股票代码：000921 股票简称：海信家电 公告编号：2023-041 海信家电集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 海信家电集团股份有限公司(「本公司」)为加强与投资者的交流，使广大投资者更 全面了解本公司 2022 年度业绩和经营情况，谨定于 2023 年 5 月 18 日下午 4:00-5:00 召 开本公司 2022 年度业绩说明会，就投资者普遍关心的问题进行交流，欢迎广大投资者积 极参与。 一、业绩说明会的召开安排 (一)召开时间：2023 年 5 月 18 日(星期四)下午 4:00-5:00 (二)召开方式：网络远程互动 (三)本公司出席人员：董事长代慧忠先生，董事、财务负责人高玉玲女士，独立董 事钟耕深先生，董事会秘书张裕欣女士。 (四)参会方式： 1、本次业绩说明会将通过深圳证券交易所提供的"互动易"平台举行，投资者可于 2023 年 5 月 18 日下午 4:00-5:00 登录互动易网站（http://irm.cninfo.com.cn），进入 "云访谈"栏目，在线参与 ...

Financial Performance - The company's revenue for Q1 2023 reached ¥19,430,480,828.07, representing a 6.16% increase compared to ¥18,303,785,340.27 in the same period last year[3] - Net profit attributable to shareholders was ¥615,296,643.26, a significant increase of 131.11% from ¥266,233,233.32 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥520,783,170.28, up 179.80% from ¥186,128,675.02 in the previous year[3] - Operating profit for Q1 2023 was CNY 1.22 billion, up 74.00% from CNY 702.89 million in the same period last year[15] - Comprehensive income for Q1 2023 was CNY 1.10 billion, compared to CNY 539.98 million in Q1 2022, marking an increase of 104.00%[16] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.45, up from CNY 0.20 in the same period last year[16] Assets and Liabilities - The company's total assets increased by 7.40% to ¥59,473,631,308.87 from ¥55,375,550,868.66 at the end of the previous year[3] - The total assets of Hisense Home Appliances Group reached CNY 59.47 billion at the end of the first quarter, up from CNY 55.38 billion at the beginning of the year, representing an increase of approximately 7.6%[11] - Total liabilities increased to CNY 42.74 billion, up from CNY 39.10 billion year-over-year, reflecting a growth of 6.73%[15] - The total liabilities increased to CNY 40.71 billion, compared to CNY 37.63 billion at the beginning of the year, representing a growth of about 8.5%[12] - The company’s total equity increased to CNY 18.77 billion from CNY 18.75 billion, showing a marginal growth of about 0.1%[12] - Total equity attributable to shareholders of the parent company reached CNY 11.99 billion, an increase of 4.16% from CNY 11.52 billion in Q1 2022[15] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash inflow of ¥886,463,601.52 compared to a net outflow of ¥202,583,768.60 in the previous year[3] - The net cash flow from operating activities for Q1 2023 was ¥886,463,601.52, a significant improvement from a negative cash flow of ¥202,583,768.60 in the same period last year[18] - Total cash inflow from operating activities reached ¥16,081,473,482.74, compared to ¥15,563,763,794.69 in Q1 2022, indicating a year-over-year increase of approximately 3.3%[18] - Cash outflow from operating activities was ¥15,195,009,881.22, down from ¥15,766,347,563.29 in the previous year, reflecting a decrease of about 3.6%[18] - The company reported a net cash flow from financing activities of ¥626,302,995.69, a recovery from a negative cash flow of ¥481,156,461.28 in Q1 2022[18] - Total cash inflow from financing activities was ¥1,867,599,216.74, compared to ¥855,811,531.59 in the previous year, indicating a year-over-year increase of about 118.5%[18] Investments and Shareholder Information - The company’s investment income rose by 65.52% to ¥236,484,537.13, driven by increased returns from long-term equity investments and financial products[5] - The total number of ordinary shareholders at the end of the reporting period was 18,673[6] - The number of shares held by the largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., is 516,758,670, accounting for 37.92% of the total shares[8] Research and Development - R&D expenses for Q1 2023 amounted to CNY 576.47 million, representing an increase of 12.06% from CNY 514.38 million in Q1 2022[15] Inventory and Receivables - The company reported a significant increase in inventory, which stood at CNY 6.50 billion, down slightly from CNY 6.55 billion, indicating a decrease of about 0.8%[11] - Accounts receivable increased to CNY 8.65 billion from CNY 7.67 billion, reflecting a rise of approximately 12.8%[11] - The company reported a 46.22% increase in accounts receivable financing, reaching ¥7,417,684,272.37, attributed to business growth[5] Borrowings - Short-term borrowings increased by 31.91% to ¥1,928,890,525.46, primarily due to increased borrowings by subsidiaries[5] - Short-term borrowings rose to CNY 1.93 billion from CNY 1.46 billion, marking an increase of approximately 32.1%[12] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 5.69 billion from CNY 6.00 billion, a decline of about 5.2%[11] - The ending balance of cash and cash equivalents was ¥3,205,383,971.61, up from ¥2,834,959,925.92 at the end of Q1 2022[19] - The company’s cash and cash equivalents increased by ¥727,037,896.21 during the quarter, compared to a decrease of ¥44,216,868.76 in the same period last year[18] Audit Status - The company has not audited the Q1 2023 report, which was released on April 27, 2023[19]

Financial Performance - The company's operating revenue reached RMB 74.115 billion, a year-on-year increase of 9.7%[8] - The net profit attributable to shareholders was RMB 1.435 billion, a significant year-on-year growth of 47.54%[8] - The net profit margin improved by 0.5 percentage points compared to the previous year[8] - The company's operating revenue for 2022 was approximately ¥74.12 billion, representing a year-on-year increase of 9.70% compared to ¥67.56 billion in 2021[24] - The net profit attributable to shareholders for 2022 was approximately ¥1.43 billion, a significant increase of 47.54% from ¥972.58 million in 2021[24] - The net profit after deducting non-recurring gains and losses was approximately ¥905.50 million, up 35.94% from ¥666.13 million in 2021[24] - The weighted average return on equity increased to 13.13% in 2022, up 3.49 percentage points from 9.64% in 2021[25] - The company's operating revenue for Q1 to Q4 of 2022 was 18.30 billion, 20.00 billion, 18.72 billion, and 17.09 billion yuan respectively, showing a decline in the fourth quarter[28] - The net profit attributable to shareholders for Q1 to Q4 of 2022 was 266.23 million, 354.00 million, 449.62 million, and 365.05 million yuan respectively, indicating a strong performance in the third quarter[28] Market Share and Product Innovation - The online market share of Rongsheng refrigerators increased to 12.5%, up 0.4 percentage points year-on-year[8] - The offline market share of Hisense fresh air conditioners reached 26.3%, an increase of 2.5 percentage points year-on-year[8] - The company introduced innovative products such as the "WILL3.0" refrigerator and the C200 air conditioner, leading their respective market segments[10] - The company launched high-end washing and drying sets, C2 and CC, featuring a nano steam generation system and AI sensing technology, enhancing user experience and product innovation[43] - The company launched the Ai Home Central Air Conditioning system, integrating 5G IoT technology, enhancing user experience[39] Strategic Initiatives and Growth Plans - The company proposed to increase the dividend payout ratio to 50% in 2022, reflecting its commitment to shareholder returns[18] - The company aims to capitalize on market opportunities related to energy-saving, health, comfort, and smart products as consumer preferences evolve[32] - The company is focusing on technological innovation and high-quality products to enhance consumer trust and satisfaction[31] - The company plans to enhance user experience by focusing on smart home solutions and improving product interaction scenarios[85] - The company aims to achieve a revenue growth target of 10% for the upcoming fiscal year, reflecting its optimistic outlook[97] Operational Efficiency and Cost Management - The company improved its supply chain efficiency, achieving a reduction in BOM costs for air conditioning and refrigerator businesses by over 30%[16] - The company has implemented advanced manufacturing strategies, optimizing supplier teams and enhancing procurement cost competitiveness through talent acquisition and process improvements[49] - The company's total operating costs rose by 10.03% year-on-year, with raw materials accounting for 90.26% of total costs[58] Talent Acquisition and Management - The company recruited 103 key talents, a year-on-year increase of 52, to enhance team capabilities[9] - The company has established over 20 national and provincial-level technology innovation platforms, enhancing its R&D capabilities[50] - The number of R&D personnel increased by 6.05% to 3,067, with a higher proportion of master's degree holders[67] Environmental and Social Responsibility - The company has established 4 national-level "green factories" and 1 national-level "green supply chain" as part of its commitment to sustainable development[16] - The company has increased investments in environmental protection equipment, including wastewater and air treatment facilities[140] - The company actively engages in social responsibility initiatives, including educational support and environmental projects, such as the "Sandy Tree Public Welfare Forest Project" in the Tengger Desert[141] Governance and Compliance - The company maintains complete independence in business, personnel, assets, organization, and finance from its controlling shareholder[91] - The company has a strict assessment system for remuneration based on annual performance and operational goals[103] - The company has established a system for managing and controlling its subsidiaries through various governance measures[131] Financial Management and Related Party Transactions - The company reported a total of RMB 1,027.23 million in procurement transactions with its indirect controlling shareholder, Hisense Group[154] - The procurement amount for materials from Hisense Group was RMB 48,621.93 million, accounting for 83% of similar transactions[154] - The total expected amount for related party transactions in 2022 was CNY 2,664.685 million, with actual performance at CNY 1,799.310 million (67.5% fulfillment) for sales and services[156] Challenges and Risks - The domestic central air conditioning market experienced a 2.6% decline in capacity in 2022 due to factors such as a slowdown in domestic demand and a sluggish real estate market[32] - Key risks identified include macroeconomic fluctuations, rising costs, exchange rate volatility, and trade protectionism impacting overseas operations[86]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 17,643,390,799.61, representing a year-on-year increase of 28.04%[1] - The net profit attributable to shareholders for Q3 2021 was CNY 311,058,053.59, a decrease of 37.66% compared to the same period last year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 224,793,618.33, down 48.02% year-on-year[1] - Revenue for the period reached CNY 50.07 billion, an increase of 43.60% compared to CNY 34.87 billion in the previous period[5] - Operating costs amounted to CNY 39.46 billion, reflecting a 48.27% increase from CNY 26.61 billion year-on-year[5] - Net profit for the period was CNY 2,035,420,304.43, up from CNY 1,822,142,928.50, indicating a growth of approximately 11.7%[13] - The company reported a total profit of CNY 2,507,000,572.38, compared to CNY 2,243,724,984.44 in the previous period, which is an increase of approximately 11.7%[13] - The total comprehensive income for the period was CNY 2,049,685,773.39, compared to CNY 1,826,235,884.01 in the prior period, reflecting an increase of about 12.2%[13] Assets and Liabilities - The total assets at the end of the reporting period were CNY 54,814,699,856.18, an increase of 31.10% compared to the end of the previous year[2] - As of September 30, 2021, total assets reached RMB 54.81 billion, an increase from RMB 41.81 billion at the end of 2020, representing a growth of approximately 30.96%[10] - Total current liabilities were RMB 37.63 billion, up from RMB 26.72 billion, which is an increase of approximately 40.73%[11] - The total liabilities and owners' equity amounted to RMB 54.81 billion, consistent with the total assets, indicating a balanced financial position[11] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 3,493,522,034.65, down 14.96% year-on-year[1] - Cash received from sales and services was CNY 38.11 billion, a 35.01% increase from CNY 28.23 billion in the prior period[6] - Cash inflow from operating activities totaled CNY 40.72 billion, up from CNY 29.96 billion in the previous period, representing a 36% increase[14] - Net cash flow from operating activities was CNY 3.49 billion, down from CNY 4.11 billion, indicating a decrease of approximately 15%[14] - Cash outflow from investing activities was CNY 15.43 billion, compared to CNY 11.21 billion in the previous period, reflecting an increase of 38%[14] - Cash inflow from financing activities was CNY 3.88 billion, significantly higher than CNY 0.36 billion in the previous period[15] - The ending balance of cash and cash equivalents was CNY 3.11 billion, up from CNY 1.46 billion in the previous period, representing a 113% increase[15] Research and Development - R&D expenses increased by 53% year-on-year in the first three quarters of 2021, enhancing product competitiveness[2] - R&D expenses increased by 52.97% to CNY 1.37 billion, up from CNY 895 million, indicating a significant investment in innovation[5] - Research and development expenses increased to CNY 1,369,191,737.97 from CNY 895,047,090.83, marking a rise of about 53.0%[13] Investments and Acquisitions - The company completed the acquisition of Sanden Holdings Corporation, which has been included in the consolidated financial statements since May 31, 2021[2] - The company's investment income increased by 84.05% to CNY 228.82 million, up from CNY 124.33 million[5] - The company reported an increase in investment income to CNY 228,821,902.16 from CNY 124,325,574.32, representing a growth of approximately 83.9%[13] - The company's long-term equity investments surged to RMB 1.64 billion from RMB 523.75 million, representing a growth of about 213.56%[10] Market and Future Outlook - Export revenue for the first three quarters of 2021 grew by 58.6% year-on-year, supported by the company's sponsorship of the 2022 FIFA World Cup[2] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company’s management highlighted ongoing efforts in market expansion and new product development as key strategies for future growth[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,091, with the largest shareholder holding 37.92%[7] - The company paid CNY 1.34 billion in dividends, compared to CNY 0.97 billion in the previous period, indicating a 38% increase[15] Miscellaneous - The overall gross profit margin improved by 1.74 percentage points compared to Q2 2021, despite rising raw material costs[2] - The weighted average return on net assets was 3.08%, a decrease of 2.40 percentage points compared to the same period last year[1] - The company did not undergo an audit for the third quarter report[16]

Financial Performance - The company's operating revenue for the reporting period reached ¥32,423,814,710.47, representing a year-on-year increase of 53.76% compared to ¥21,086,699,809.27 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was ¥615,375,091.80, up 22.27% from ¥503,307,515.41 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥454,784,440.78, reflecting a 37.29% increase from ¥331,261,366.70 in the same period last year[9]. - The basic and diluted earnings per share were both ¥0.45, an increase of 21.62% from ¥0.37 in the previous year[9]. - The weighted average return on equity rose to 6.15%, up 0.48 percentage points from 5.67% in the previous year[9]. - The gross profit margin decreased to 22.79% from 24.65% in the previous year, indicating a decline in profitability despite revenue growth[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥55,387,217,509.54, a 32.47% increase from ¥41,811,635,813.53 at the end of the previous year[9]. - The net assets attributable to shareholders of the listed company were ¥9,932,920,623.83, a slight increase of 1.57% from ¥9,779,115,580.43 at the end of the previous year[9]. - The company's total liabilities increased significantly, with current liabilities reaching ¥6.84 billion, a 57.53% increase year-on-year[30]. - The company's total liabilities amounted to CNY 40.48 billion, reflecting a significant increase from the previous period[96]. Revenue Breakdown - The HVAC business generated main operating revenue of 16.130 billion CNY, up 43.92% year-on-year[17]. - The refrigerator and washing machine business reported main operating revenue of 11.128 billion CNY, an increase of 53.14% year-on-year[17]. - Domestic sales reached 18.401 billion CNY, growing by 47.30% year-on-year, while overseas sales were 10.642 billion CNY, up 59.26% year-on-year[18]. - The company reported a significant increase in sales from the HVAC segment, generating ¥16.13 billion, which accounted for 49.75% of total revenue[31]. Cash Flow and Investments - The company's cash and cash equivalents increased by 37.94% to approximately ¥9.81 billion, reflecting improved operational cash flow[28]. - The net cash flow from operating activities was ¥2.08 billion, a decrease of 17.95% compared to ¥2.54 billion in the previous year[30]. - The company achieved investment income of CNY 137.23 million, compared to CNY 52.52 million in the previous year, reflecting an increase of approximately 160.5%[102]. Research and Development - Research and development expenses increased by 46.66% to ¥836.07 million, reflecting a commitment to innovation and product development[30]. - The company is focused on developing energy-efficient products in response to national carbon neutrality policies, enhancing product APF values[23]. Acquisitions and Consolidation - The company completed the acquisition approval procedures for SanDian Holdings on May 31, 2021, and included its financial data in the consolidated statements[9]. - The company invested ¥21,408,512,000 in SanDian Holdings, acquiring a 74.88% stake, with the investment completed and no significant disputes reported[39]. - The company completed the acquisition of San Electric Holdings, incorporating it into the consolidated financial statements, which is expected to positively impact future earnings[45]. Shareholder Information - The total number of shares before the change was 1,362,725,370, with no new shares issued or repurchased[81]. - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., holds 37.92% of the shares, totaling 516,758,670 shares[84]. - The total number of common shareholders at the end of the reporting period was 29,284[84]. Environmental and Social Responsibility - The company adheres to environmental regulations and does not have any incidents of exceeding emission standards[53]. - The company has been recognized as a provincial-level green factory in Shandong Province for its commitment to energy conservation and environmental protection[55]. - The company actively engages in social responsibility initiatives, including educational support programs in various provinces[56]. Risk Management - The company faces macroeconomic risks, rising cost risks, trade protectionism, and exchange rate fluctuation risks, which could impact its profitability and operational costs[48]. - The company has implemented risk control measures for foreign exchange derivatives to mitigate currency fluctuation risks, enhancing its foreign exchange risk management capabilities[43]. Accounting Policies - The financial statements are prepared based on the going concern assumption in accordance with the relevant accounting standards[119]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[123]. - The company classifies joint arrangements into joint operations and joint ventures, recognizing assets and liabilities based on agreements[128]. Related Party Transactions - The total expected amount for related party transactions involving sales and services is 2,018,861,000 CNY (excluding VAT), with actual performance during the reporting period at 952,669,750 CNY (excluding VAT)[63]. - The total expected amount for related party transactions involving procurement and services is 235,228,000 CNY (excluding VAT), with actual performance during the reporting period at 78,805,410 CNY (excluding VAT)[63].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 13,934,855,063.93, representing an increase of 83.70% compared to the same period last year[7] - Net profit attributable to shareholders was CNY 218,041,374.16, a significant increase of 400.66% year-on-year[7] - Basic earnings per share rose to CNY 0.16, up 433.33% from CNY 0.03 in the previous year[7] - The weighted average return on equity increased by 1.71 percentage points to 2.21%[7] - Revenue for the period reached ¥13,934,855,063.93, an increase of 83.70% compared to the previous period, primarily due to the low comparison base affected by the pandemic[17] - The total operating revenue for Q1 2021 reached CNY 29,777,059,820.00, an increase from CNY 18,764,556,930.00 in the same period last year, representing a growth of approximately 58.8%[44] - The net profit attributable to shareholders of the parent company reached CNY 218,041,374.16, compared to CNY 43,550,392.57 in Q1 2020, marking a significant increase of 400.4%[42] - The total operating costs amounted to CNY 13,439,205,864.44, up from CNY 7,558,643,797.38, reflecting a rise of 77.5%[44] - The company reported a total profit of CNY 655,565,634.81, significantly higher than CNY 142,297,042.56 in Q1 2020, representing an increase of 360.5%[44] - The operating profit for the quarter was CNY 597,171,634.06, compared to CNY 92,593,326.82 in the same quarter last year, showing an increase of 544.5%[44] Assets and Liabilities - Total assets at the end of the reporting period were CNY 44,993,004,324.42, a 7.61% increase from the end of the previous year[7] - Current liabilities totaled CNY 29.56 billion, an increase of 10.9% from CNY 26.72 billion in the previous year[34] - The total liabilities reached CNY 30.26 billion, up from CNY 27.41 billion, marking an increase of 10.4%[34] - The total equity attributable to shareholders increased to CNY 9.99 billion, compared to CNY 9.78 billion, reflecting a growth of 2.2%[35] - Long-term equity investments amounted to CNY 5.57 billion, slightly up from CNY 5.56 billion year-over-year[37] Cash Flow - The company reported a net cash flow from operating activities of CNY -52,228,509.71, indicating a shift from a positive cash flow of CNY 51,278,516.92 in the same period last year[7] - Cash inflow from operating activities was CNY 11,374,132,470.10, up from CNY 8,192,409,136.55 in Q1 2020, reflecting a growth of 38.8%[47] - Total cash outflow from investing activities was 2,675,704,590.54 CNY, while cash inflow was 1,990,338,456.04 CNY, resulting in a net cash flow of -685,366,134.50 CNY[48] - Cash inflow from financing activities amounted to 517,464,303.78 CNY, with a net cash flow of 340,624,536.97 CNY after outflows[49] - The total cash and cash equivalents at the end of the period were 1,221,352,808.74 CNY, down from 1,515,092,607.37 CNY in the previous period[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,232[11] - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., held 37.92% of the shares[11] Operational Metrics - Accounts receivable increased by 108.51% to ¥1,143,683,217.05 due to increased bill collections during the reporting period[17] - Inventory rose by 41.14% to ¥6,062,191,820.13 as a result of increased sales scale[17] - Research and development expenses increased by 37.61% to ¥379,154,264.86, reflecting increased investment in R&D[17] - Cash received from sales and services amounted to ¥10,618,654,036.04, a 37.15% increase, attributed to improved management and recovery from the pandemic[17] Government Support - The company received government subsidies amounting to CNY 69,109,764.53 during the reporting period[8] Miscellaneous - The company has not reported any violations regarding external guarantees during the reporting period[27] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] - The company has not conducted any research, communication, or interview activities during the reporting period[28]

Financial Performance - In 2020, Hisense Home Appliances achieved a revenue of CNY 48.393 billion and a net profit attributable to shareholders of CNY 1.579 billion, with earnings per share of CNY 1.16[11]. - The company's operating revenue for 2020 was CNY 48.39 billion, an increase of 29.21% compared to CNY 37.45 billion in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 1.58 billion, a decrease of 11.97% from CNY 1.79 billion in 2019[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1.10 billion, down 10.63% from CNY 1.23 billion in 2019[21]. - The net cash flow from operating activities increased by 197.34% to CNY 5.96 billion from CNY 2.01 billion in 2019[21]. - The total assets at the end of 2020 were CNY 41.81 billion, a 23.01% increase from CNY 33.99 billion at the end of 2019[22]. - The net assets attributable to shareholders at the end of 2020 were CNY 9.78 billion, up 12.13% from CNY 8.72 billion at the end of 2019[22]. - The company achieved a year-on-year revenue growth of 5.33% when excluding the impact of the acquisition of Hisense Hitachi[22]. Market Position and Strategy - The company maintained a strong market position, ranking second in the refrigerator market with a combined retail market share of its brands[30]. - Hisense actively participated in the formulation and revision of multiple technical standards, enhancing its technological leadership in the industry[12]. - The company plans to accelerate its transformation and upgrade strategy, focusing on high-quality products in the refrigerator, central air conditioning, and home air conditioning sectors[14]. - Hisense aims to deepen its research and development in washing machines, commercial cold chain, and kitchen and bathroom products to achieve comprehensive market coverage[14]. - The company launched a series of high-end new products focusing on "health and comfort" in response to consumer needs during the pandemic[11]. Product Performance - The company’s air conditioning business reported a main operating income of 23.386 billion yuan, an increase of 42.87% year-on-year[44]. - The ice washing business generated a main operating income of 18.709 billion yuan, up 16.00% year-on-year[44]. - Domestic sales contributed 29.205 billion yuan in main operating income, growing by 28.59% year-on-year[44]. - International sales reached 14.639 billion yuan, reflecting a year-on-year increase of 27.47%[44]. - The refrigerator and washing machine segment achieved revenue of ¥18.71 billion, a 16.00% increase from ¥16.13 billion in 2019[51]. Research and Development - The company has a robust R&D team of nearly 1,700 high-level researchers and technical experts, focusing on continuous technological innovation[34]. - The company has established a global R&D innovation system to meet differentiated market demands and enhance its core competitiveness[34]. - R&D expenses increased by 37.50% to ¥1,284,848,949.46, primarily due to increased investment in R&D[61]. - R&D investment amounted to ¥1,532,348,263.57, a 35.04% increase from the previous year, with R&D investment accounting for 3.17% of operating revenue[63]. Dividend and Shareholder Information - The company announced a cash dividend of CNY 3.47 per 10 shares, based on a total of 1,362,725,370 shares[4]. - The cash dividend for 2020 is proposed at 3.47 CNY per 10 shares, totaling approximately 472.87 million CNY[89]. - The company has consistently maintained a cash dividend payout ratio of 30% over the past three years[94]. - The total number of shares for the dividend distribution is based on 1,362,725,370 shares as of December 31, 2020[95]. Risks and Challenges - The company faces risks including macroeconomic fluctuations that may reduce consumer demand for home appliances[86]. - Rising raw material costs and labor expenses could negatively impact the company's profitability[86]. - Trade protectionism and barriers may increase operational costs and affect export competitiveness[86]. - Significant fluctuations in the RMB exchange rate could impact the cost competitiveness of exported products[86]. Corporate Governance and Compliance - The company has not faced any bankruptcy reorganization or major litigation during the reporting period[104][105]. - The audit committee reviewed the 2020 annual financial report and confirmed that it accurately reflects the company's operating conditions[195]. - The company maintained effective communication with the annual audit firm throughout the audit process, ensuring timely completion of the audit work[196]. - The company has not reported any changes in its controlling shareholder during the reporting period[148]. Environmental and Social Responsibility - The company has established wastewater treatment facilities that meet the Class B standards of the "Discharge Standard for Pollutants from Municipal Wastewater Treatment Plants" (CJ343-2010)[131]. - The company has implemented air pollution control measures that comply with the "Comprehensive Emission Standard of Air Pollutants" (GB16297-1996)[131]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills to ensure its effectiveness[131]. Employee Information - The total number of employees in the company is 39,499, with 20,154 in production, 13,350 in sales, and 5,256 in technical roles[177]. - The educational background of employees includes 35 with a doctorate, 1,073 with a master's degree, 5,552 with a bachelor's degree, and 32,839 with education below a bachelor's degree[178]. - The company conducted over 380,000 training hours for employees, covering various levels from frontline production to management[180].

Financial Performance - The company's operating revenue for Q1 2020 was ¥7,585,620,733.19, a decrease of 12.68% compared to the same period last year[4] - The net profit attributable to shareholders was ¥43,550,392.57, representing a significant decline of 89.67% year-on-year[4] - The net cash flow from operating activities was ¥51,278,516.92, down 76.68% from the previous year[4] - Basic and diluted earnings per share were both ¥0.03, a decrease of 90.32% compared to ¥0.31 in the same period last year[4] - The company reported a net profit of CNY 4,687,807,238.89, compared to CNY 4,644,256,846.32, reflecting a slight increase of 0.94%[23] - Net profit for Q1 2020 was CNY 88,966,145.78, a decline of 79.5% compared to CNY 432,701,421.30 in Q1 2019[28] - The total comprehensive income attributable to the parent company is CNY 33,194,431.49, compared to CNY 423,092,609.28 in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥33,148,515,955.91, a decrease of 2.48% from the end of the previous year[4] - Total current assets amounted to CNY 23,110,190,895.53, a decrease of 5.75% from CNY 24,520,457,276.99 on December 31, 2019[20] - Total non-current assets rose by 33.33% to ¥2,864,295,232.34, primarily due to an increase in time deposits at the end of the reporting period[13] - Total liabilities decreased to CNY 20,589,045,291.32 from CNY 21,509,800,523.05, indicating a reduction of 4.27%[22] - Total current liabilities were CNY 19,940,821,934.76, down from CNY 20,838,408,713.79, reflecting a decrease of 4.30%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,507[7] - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., held 37.92% of the shares[7] - The total equity attributable to shareholders of the parent company was CNY 8,754,788,164.11, up from CNY 8,721,593,732.62, showing an increase of 0.38%[23] Cash Flow - Cash received from sales of goods and services rose by 31.06% to ¥7,742,250,847.74, mainly due to the inclusion of data from Hisense Hitachi[13] - Cash flow from other investment activities increased by 451.89% to ¥2,538,707,519.43, mainly due to the inclusion of Hisense Hitachi data and increased maturity recoveries from financial products[13] - The cash inflow from operating activities totals CNY 8,192,409,136.55, an increase from CNY 6,401,420,415.10 in the previous period[34] - The cash outflow from operating activities is CNY 8,141,130,619.63, compared to CNY 6,181,524,851.80 in the previous period[34] - The ending balance of cash and cash equivalents was 1,515,092,607.37 yuan, down from 2,065,106,596.27 yuan at the beginning of the period[35] Expenses - Total operating costs for Q1 2020 were CNY 7,558,643,797.38, down from CNY 8,455,035,504.70 year-over-year[27] - Research and development expenses increased by 57.09% to ¥275,527,711.33, attributed to increased R&D investments[13] - Management expenses increased by 36.95% to ¥167,943,577.38, mainly due to the inclusion of data from Hisense Hitachi[13] - The company reported a decrease in sales expenses to CNY 1,087,667,447.83 from CNY 1,112,231,291.11 in the same period last year[27] Government Subsidies - The company received government subsidies amounting to ¥71,702,920.38 during the reporting period[5] - Other income increased by 317.47% to ¥49,519,333.15, primarily due to an increase in government subsidies received[13] Investment Activities - Short-term borrowings surged by 270.18% to ¥370,491,791.68, mainly due to increased short-term borrowings by subsidiaries[13] - Cash paid for other investment activities increased by 883.33% to ¥2,950,000,000.00, mainly due to the inclusion of Hisense Hitachi data and increased purchases of financial products[13] - The investment activities generated a net cash flow of CNY -482,308,570.24, a decrease from CNY 84,907,367.68 in the previous period[34] Other Information - The company did not engage in any repurchase transactions during the reporting period[10] - The company did not undergo an audit for the first quarter report[39] - The company did not apply new revenue and leasing standards for the current year[38]

Financial Performance - Hisense achieved operating revenue of 37.453 billion yuan in 2019, representing a year-on-year growth of 3.98%[6] - The net profit attributable to shareholders reached 1.793 billion yuan, marking a year-on-year increase of 30.22%[6] - The company's operating revenue for 2019 was ¥37,453,043,968.74, an increase of 3.98% compared to ¥36,019,598,304.79 in 2018[13] - The net profit attributable to shareholders for 2019 was ¥1,793,669,013.19, representing a 30.22% increase from ¥1,377,457,177.70 in 2018[13] - The net cash flow from operating activities reached ¥2,005,337,052.56, a significant increase of 91.10% compared to ¥1,049,366,564.25 in 2018[13] - The total assets at the end of 2019 amounted to ¥33,990,663,543.85, reflecting a 55.72% increase from ¥21,827,905,038.40 at the end of 2018[14] - The company maintained a weighted average return on equity of 22.21% for 2019, up from 19.79% in 2018[14] - The company's total revenue for 2019 reached approximately ¥37.45 billion, representing a year-on-year increase of 3.98%[33] - The air conditioning segment generated revenue of approximately ¥16.37 billion, with a year-on-year growth of 9.92%[34] - The refrigerator and washing machine segment accounted for approximately ¥16.13 billion in revenue, showing a slight increase of 0.34% year-on-year[34] Market Position and Strategy - Hisense, Hitachi, and York brands collectively captured the number one market share in the multi-split central air conditioning sector in 2019[6] - The refrigerator and washing machine sectors saw record revenues, with profits reaching the highest level in nearly five years[6] - The company plans to focus on high-quality product strategies, targeting market opportunities in consumer upgrades and niche markets in 2020[7] - The central air conditioning industry will continue to solidify its leading position in technology and quality[7] - The refrigerator segment will emphasize fresh-keeping technology, while the washing machine sector will focus on steam washing innovations[7] - Hisense aims to strengthen its market position in the fresh air product segment, promoting a brand message of rapid air renewal[7] - The company has expanded its market presence, achieving the highest market share in the multi-split air conditioning sector with brands like "Hitachi," "Hisense," and "York" combined[19] - The company launched new products such as the "New Wind" series air conditioners and the "Vacuum" series refrigerators, enhancing product competitiveness[30] Research and Development - The total R&D investment for 2019 was ¥1,134,754,777, representing 3.03% of operating revenue, an increase from 2.80% in 2018[45] - The company has made significant advancements in central air conditioning technology, focusing on energy efficiency and comfort control[21] - The vacuum preservation technology in refrigerators extends the freshness of fruits and vegetables by 4 days and meat by 6 days[21] - The company maintained a strong focus on technological innovation, launching products with advanced features such as AI tracking and virus removal capabilities[31] Financial Management and Investments - The company reported a significant increase in net profit from non-recurring gains, totaling ¥216,374,590.77 for the year[18] - The company reported a total of ¥5,670,186,917 in sales expenses, reflecting a year-on-year increase of 13.27%[43] - The company’s investment activities resulted in a net cash outflow of ¥80,229,014, a significant change from a net inflow of ¥228,412,946 in 2018[46] - The company reported a significant adjustment in its financial statements, with trading financial assets amounting to 540,207,350.00 and accounts receivable adjustments totaling 2,962,019,185.36[76] Corporate Governance and Compliance - The company has maintained its commitment to independence in personnel, assets, finance, organization, and business following major asset sales[73] - The company has not reported any non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[75] - The company has consistently fulfilled its commitments regarding related party transactions and competitive business practices since 2010[72] - The company did not face any major litigation or arbitration matters during the reporting period[83] - The company reported no penalties or rectification measures during the reporting period[84] Environmental Responsibility - The company has complied with environmental protection regulations and does not have any cases of exceeding discharge standards[96] - The total discharge of industrial wastewater COD was 1.94 tons, which is compliant with the required standards[97] - The company has established wastewater and exhaust gas treatment facilities that meet national standards[98] Shareholder Information - The total number of shares is 1,362,725,370, with 99.92% being unrestricted shares[102] - The largest shareholder, Qingdao Hisense Air Conditioning Co., Ltd., holds 37.92% of the shares, totaling 516,758,670 shares[107] - The second largest shareholder, Hong Kong Central Clearing (Agent) Limited, holds 33.55% of the shares, totaling 457,193,069 shares[107] - The company has maintained a cash dividend policy that aligns with its articles of association and shareholder resolutions[67] Workforce and Management - The total number of employees in the company is 34,500, with 14,715 in production, 14,534 in sales, and 4,195 in technical roles[131] - The company reported a total remuneration of 869.11 million yuan for directors, supervisors, and senior management during the reporting period[129] - The company has a total of 0 retired employees that need financial support, reflecting a stable workforce[131] - The company has established a comprehensive talent development system, including a management training system and an international talent cultivation project to meet its globalization needs[133] Audit and Internal Controls - The company reported that the 2019 annual financial statements accurately reflect its operating conditions, with a standard unqualified audit opinion issued by the auditors[143] - The internal control evaluation report for 2019 was deemed comprehensive and objective, confirming that the internal control system is effective and meets legal requirements[147] - The company confirmed that there were no major deficiencies in internal controls during the reporting period, ensuring the integrity of financial reporting[149]

Financial Performance - Operating revenue for the reporting period was ¥8.06 billion, a decrease of 4.48% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was ¥389.21 million, an increase of 9.56% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥219.14 million, down 16.97% year-on-year[5] - Basic earnings per share for the reporting period were ¥0.29, up 11.54% year-on-year[5] - The weighted average return on net assets was 4.83%, a decrease of 0.28 percentage points compared to the previous year[5] - Total revenue for Q3 2019 was CNY 8,059,800,454.42, a decrease of 4.48% compared to CNY 8,437,634,566.46 in the same period last year[28] - The net profit for Q3 2019 was CNY 393,239,594.22, an increase of 8.25% compared to CNY 363,359,521.48 in the same period last year[29] - The total profit for the period was CNY 409,435,425.55, compared to CNY 378,162,801.90, indicating a growth of 8.5%[29] - The total comprehensive income for the period was CNY 395,355,999.67, compared to CNY 372,989,418.18, an increase of 6.0%[30] - The total operating profit for Q3 2019 was approximately CNY 753.26 million, an increase from CNY 606.93 million in the same period last year, representing a growth of about 24.1%[37] - The net profit for Q3 2019 reached CNY 744.52 million, compared to CNY 603.99 million in Q3 2018, marking an increase of approximately 23.3%[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥33.18 billion, an increase of 52.01% compared to the end of the previous year[5] - The total number of ordinary shareholders at the end of the reporting period was 30,858, with the top ten shareholders holding significant stakes[8] - The company's cash and cash equivalents increased by 164.60% to RMB 9,654,007,614.02 from RMB 3,648,463,609.61[14] - Accounts receivable rose by 31.59% to RMB 4,074,710,354.28 compared to RMB 3,096,454,625.34[14] - Long-term equity investments decreased significantly by 86.27% to RMB 456,717,533.18 from RMB 3,326,783,023.78[14] - The total liabilities increased by 53.08% to RMB 8,331,445,637.11 from RMB 5,442,369,087.15[14] - The total current assets reached ¥25,358,678,127.45, a significant increase from ¥14,296,847,647.89 in the previous year, reflecting a growth of approximately 77%[23] - The total liabilities increased to ¥20,844,570,974.74 from ¥13,506,485,629.82, representing a growth of approximately 54%[24] - Total liabilities amounted to CNY 1,225,973,570.63, slightly up from CNY 1,209,500,954.96, indicating a 1.37% increase[28] - Total liabilities amounted to CNY 13,938,498,061.67, a slight decrease from CNY 13,979,644,136.40 in the previous period[44] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥2.48 billion, an increase of 35.12% compared to the previous year[5] - Cash inflows from operating activities totaled CNY 21.64 billion, a decrease from CNY 22.40 billion year-over-year, indicating a decline of about 3.4%[38] - Cash outflows from operating activities were CNY 19.15 billion, down from CNY 20.56 billion in the previous year, showing a reduction of approximately 6.8%[38] - The net cash flow from operating activities for Q3 2019 was CNY 2.48 billion, an increase from CNY 1.84 billion in Q3 2018, representing a growth of about 35.1%[38] - Cash inflows from investment activities amounted to CNY 6.58 billion, significantly higher than CNY 2.49 billion in the same period last year, indicating an increase of approximately 164.5%[39] - The net cash flow from investment activities was CNY 2.40 billion, compared to CNY 330.37 million in the previous year, reflecting a substantial increase of around 626.5%[39] - The net cash flow from financing activities was negative CNY 1.28 billion, an improvement from negative CNY 1.62 billion in Q3 2018, indicating a reduction in cash outflow of about 21.0%[39] Investments and Expenses - Research and development expenses increased to CNY 200,098,800.23, compared to CNY 174,324,437.74, marking a rise of 14.7%[29] - Investment income rose to CNY 278,190,097.89, compared to CNY 225,988,206.44, reflecting a growth of 22.9%[29] - The company reported a decrease in financial expenses to CNY 5,408,393.92 from CNY 19,018,477.20, a reduction of 71.5%[29] - Research and development expenses increased to approximately ¥577.28 million, up 16.93% from ¥493.78 million in the previous period[34] - Investment income for the current period is approximately ¥776.20 million, an increase of 22.52% from ¥633.42 million in the previous period[34] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥8.28 billion, reflecting a growth of 12.64% year-on-year[5] - The total equity attributable to shareholders increased to CNY 8,281,039,107.99 from CNY 7,351,824,364.87, a rise of 12.6%[27] - The company reported a total of CNY 1,362,725,370.00 in share capital, unchanged from the previous period[44] - The retained earnings stood at CNY 3,339,456,580.66, consistent with the previous period[44] Compliance and Standards - The company has adopted the new leasing standards effective January 1, 2019, impacting the measurement of lease liabilities[45] - The cumulative impact of the new leasing standards was adjusted against retained earnings as of January 1, 2019[45] - The company did not adjust comparative information for prior periods under the new leasing standards[45] - The third-quarter report was not audited, indicating a potential area for further scrutiny[46]