Core Viewpoint - Hisense Home Appliances Group Co., Ltd. has announced the subscription of wealth management products using its idle funds, aiming to enhance capital efficiency and increase cash asset returns [3][5][7]. Group 1: Announcement Details - The company disclosed the subscription of wealth management products on September 16, 2025, in compliance with the Shenzhen Stock Exchange's rules for simultaneous disclosure [1][3]. - The board approved the use of up to RMB 23 billion for low to medium-risk investments through various financial institutions [3][7]. Group 2: Subscription Specifics - The company and its subsidiaries subscribed to the wealth management products from Shanghai Pudong Development Bank, with a total subscription amount of RMB 1.97 billion [5][6]. - The wealth management agreements are considered independent transactions and do not constitute a disclosure requirement under the listing rules [8]. Group 3: Rationale and Benefits - The investment in wealth management products is expected to improve the efficiency of idle funds without negatively impacting the company's daily operations or the interests of minority shareholders [7]. - The board believes that the subscription is conducted on fair commercial terms and aligns with the overall interests of the company and its shareholders [7].

Core Viewpoint - Hisense Home Appliances (00921.HK) has announced a subscription agreement for wealth management products with a total investment amount of RMB 1.97 billion, utilizing its idle funds [1] Group 1 - The subscription period for the wealth management agreement is from January 17, 2025, to September 16, 2025 [1] - The companies involved in the subscription include the air conditioning marketing company, (Beijing) electrical company, Qingdao Yiyang company, refrigerator marketing company, and SanDian (China) company [1] - The investment will be funded using the company's own idle funds [1]

Core Viewpoint - Hisense Home Appliances (000921)(00921) has entered into a financial agreement to subscribe to a wealth management product with a total investment amount of RMB 1.97 billion, scheduled between January 17, 2025, and September 16, 2025 [1] Group 1 - The company and its subsidiaries, including the air conditioning marketing company, Beijing appliance company, Qingdao Yiyang company, refrigerator marketing company, and SanDian (China) company, are involved in this subscription [1] - The subscription is specifically for wealth management products offered by Pudong Development Bank [1]

Group 1 - Hisense Home Appliances (00921.HK) announced a subscription agreement for wealth management products with a total subscription amount of RMB 1.97 billion [1] - The subscription period is from January 17, 2025, to September 16, 2025 [1] - The group will use its own idle funds to pay for the subscription amount under the wealth management agreement [1]

Core Viewpoint - Hisense Home Appliances (00921) has entered into a financial agreement to subscribe to a wealth management product with a total investment amount of RMB 1.97 billion during the period from January 17, 2025, to September 16, 2025 [1] Group 1 - The company and its subsidiaries, including the air conditioning marketing company, (Beijing) electrical company, Qingdao Yiyang company, refrigerator marketing company, and SanDian (China) company, are involved in this subscription [1] - The subscription is specifically for wealth management products offered by Pudong Development Bank [1]

Core Insights - The core point of the article is the financial performance of Shanghai Pudong Development Bank (SPDB) as revealed in its mid-term performance report, highlighting significant figures in asset management and profitability [1] Financial Performance - As of the end of the reporting period, SPDB's wealth management product scale reached 1,337.559 billion yuan [1] - The bank achieved an operating income of 1.333 billion yuan during the reporting period [1] - The net profit for the period was reported at 0.925 billion yuan [1]