China's Hisense Home Appliances H1 revenue falls amid subdued domestic demand

Hisense Home Appliances

17/08/2026 09:54

Overview
China appliance maker's interim revenue fell 5.2% yr/yr to RMB46.77 bln
Net profit attributable to shareholders dropped 20.2% yr/yr to RMB1.66 bln
Company cites industry headwinds including weak real estate demand and price competition

Outlook
Hisense expects Central and South America air-conditioner shipments to improve Q-o-Q in H2 as channel inventory is cleared

Result Drivers
WEAK DOMESTIC DEMAND - Co said sluggish real estate sector and subdued consumer demand weighed on HVAC and household appliance sales
PRICE COMPETITION - Co cited intensified price competition and declining average selling prices in domestic appliance markets
OVERSEAS MARKET DIVERGENCE - Co noted strong export growth for refrigerators and washing machines, but air conditioner exports fell amid geopolitical risks and supply chain challenges

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 46.77 bln
 
H1 Net Income Attributable
 
RMB 1.66 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "buy"
Wall Street's median 12-month price target for Hisense Home Appliances Group Co Ltd is HK$25.75, about 11.8% above its August 14 closing price of HK$23.04
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 14 - China's RLX Technology Q2 revenue rises 14.8% on international growth
Aug 17 - China's Geely Automobile half-year profit slips on higher expenses

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-17/a74bc01c-5d64-47ff-8f36-30a7b6161ec2.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)