Hisense V.T.(SH:600060) Xin Lang Cai Jing·2025-08-31 02:32Core Viewpoint - Hisense Visual reported a steady revenue growth in H1 2025, with a significant increase in net profit, indicating a positive trend in both domestic and international markets [1][2][3]. Group 1: Financial Performance - In H1 2025, the company achieved a revenue of 27.23 billion, a year-on-year increase of 7.0%, and a net profit attributable to shareholders of 1.06 billion, up 26.6% year-on-year [1]. - For Q2 2025, revenue reached 13.86 billion, reflecting an 8.6% year-on-year growth, while net profit attributable to shareholders was 500 million, marking a 36.7% increase [1]. - The gross profit margin improved by 1.41 percentage points in Q2 2025, attributed to the upgrade in domestic sales structure and cost reduction in exports [2]. Group 2: Sales and Market Dynamics - Domestic sales showed a steady upgrade, with Q2 2025 TV sales volume increasing by 3% year-on-year, while the average selling price is expected to see double-digit growth [2]. - The company’s new display business revenue grew by 7.43% to 3.434 billion in H1 2025, with Qian Zhao Optoelectronics reporting a 37.08% increase in revenue to 1.743 billion [2]. - International sales faced short-term fluctuations due to inventory issues in the North American market, impacting export growth rates [2]. Group 3: Future Outlook - The company is expected to continue its revenue growth driven by high-end product promotions such as MiniLED and large screens, with a positive outlook for the U.S. business and emerging markets [3]. - The projected net profits for 2025 and 2026 are 2.56 billion and 3.07 billion respectively, with corresponding price-to-earnings ratios of 11.3 and 9.4 times [3].