Hisense Home Appliances (00921) announced interim results, with net profit of 2,077 billion yuan to mother, an increase of 3.01% over the previous year

According to the Zhitong Finance App, Hisense Home Appliances (00921) announced its 2025 interim results. The group's total revenue was 49.34 billion yuan (RMB, same below), up 1.44% year on year; net profit to mother was 2,077 billion yuan, up 3.01% year on year; basic earnings per share were 1.52 yuan.

The announcement said that in the first half of 2025, the domestic washing machine industry was able to unleash its consumption potential under the stimulus of the “trade-in home appliances” national subsidy policy. According to Aowei Cloud Network (AVC) monitoring data, retail sales in the washing machine market increased 7.3% year-on-year in the first half of the year. The driving effect of policy dividends on the stock market gradually weakened. The industry entered a period of high-quality development and transformation, and consumer demand for all-in-one washing and drying machines, high-capacity models, and zoned washing functions was increasing.

In the first half of 2025, despite facing challenges such as geopolitical risks and rising shipping costs, the global home appliance market showed strong resilience. According to industry online data, from January to May 2025, the refrigerator industry's export volume increased 6.5% year on year, the washing machine industry's export volume increased 10% year on year, and the air conditioning industry's export volume increased 15.2% year on year. Demand for modernization and high-end upgrades in the European and American markets continues to drive market growth. Consumer preferences for energy efficiency and smart home appliances have increased, and emerging markets such as Latin America and ASEAN have a large combined population base and huge consumption potential, driving the continuous increase in the penetration rate of home appliances.