Core Viewpoint - Hisense Home Appliances reported a slight increase in revenue and net profit for the first half of 2025, indicating stable growth in its core business segments, particularly in air conditioning and washing machines [1][2]. Financial Performance - Total revenue for the first half of 2025 reached 49.34 billion yuan, a year-on-year increase of 1.44% [1][2]. - Net profit for the same period was 2.077 billion yuan, reflecting a growth of 3.01% compared to the previous year [1][2]. - Revenue from HVAC (Heating, Ventilation, and Air Conditioning) was 23.69 billion yuan, accounting for 48.02% of total revenue, with a year-on-year growth of 4.07% [1][2]. - Revenue from the washing machine segment was 15.39 billion yuan, representing 31.20% of total revenue, with a year-on-year increase of 4.76% [1][2]. - Other main business revenues totaled 6.61 billion yuan, showing an increase of 8.89% year-on-year [1][2]. Management Changes - Hisense Home Appliances announced changes in its board of directors, with the resignation of CEO Hu Jianrong and director Zhu Dan due to personal and work-related reasons [2][3]. - Fang Xueyu was nominated as a candidate for the board of directors, and Gao Yuling was appointed as the new CEO [3]. - Yin Bitong was elected as a member of the board's strategic and ESG committees [3]. Strategic Developments - The establishment of the Air Conditioning Division in May 2025 aims to integrate home and central air conditioning businesses, enhancing operational efficiency [5]. - The company has formed a comprehensive product and brand matrix, improving its market presence and dealer support [5]. - Hisense's air conditioning exports reached 5.371 million units in the first half of 2025, marking a 17% year-on-year increase, leading the industry in growth [6]. Technological Advancements - In June 2025, Hisense launched the "Variable Frequency S Architecture" technology platform, featuring self-developed core MCU chips and energy-saving algorithms [8]. - The company introduced new air conditioning products with innovative features aimed at enhancing user experience and energy efficiency [8].