Hisense V.T.(SH:600060) Zheng Quan Ri Bao Wang·2025-10-30 07:47Core Viewpoint - Hisense Visual Technology Co., Ltd. reported a revenue of 39.989 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 5.65%, with a net profit of 1.629 billion yuan, up 24.27% year-on-year [1] Group 1: Financial Performance - In Q3 2025, Hisense achieved a revenue of 15.066 billion yuan and a net profit of 573 million yuan, representing year-on-year growth of 6.71% and 20.15% respectively [1] - For the first three quarters of 2025, Hisense's revenue from the 98-inch and above large-screen TV market increased by over 64% globally and 59% in China [1] - The global shipment of Hisense's Mini LED TVs grew by 76%, with sales in the Chinese market increasing by over 200% [1] Group 2: Market Position - Hisense maintained the leading position in both sales volume and sales revenue in the domestic TV market for the first three quarters of 2025 [2] - The company continues to hold a dominant advantage in high-end large-screen segments such as Mini LED and 100-inch+ TVs [2] Group 3: Technological Innovation - Hisense is focusing on three core display technologies: LCD, laser, and Micro LED, achieving significant breakthroughs in high-end display technology [3] - The company has developed the RGB color control AI quality chip H7 and high-performance RGB-Mini LED backlight chip, marking a major advancement in display technology [3] - Hisense launched the world's first 116-inch RGB-Mini LED TV and other flagship products, expanding its market presence to over 20 countries [3] Group 4: New Business Growth - Hisense is expanding into new display and business areas, including commercial displays, cloud services, and AI, with commercial display revenue increasing by over 149% [5] - The company is innovating in product design, with significant sales growth in art TVs, monitors, and mobile smart screens, achieving year-on-year increases of over 52%, 86%, and 199% respectively [5] Group 5: AI and Robotics Development - Hisense is establishing an integrated AI capability system and has released new AI products, including the V11 ear-clip headphones and G11 smart glasses [6] - The company is collaborating with Fujian Fuyao Technology University to create a joint innovation center for smart manufacturing and robotics [6] Group 6: Market Recognition - Major securities firms, including CITIC Securities and Guotai Junan Securities, have issued research reports recognizing Hisense's innovation strength and growth potential, with ratings such as "outperforming the industry" and "strongly recommended" [7]