Hisense Home Appliances Group (000921) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 24.84 billion, up 5.76% year-over-year.

• Net profit attributable to shareholders was RMB 1.13 billion, a 14.89% increase year-over-year.

• Adjusted net profit (excluding non-recurring items) rose 20.27% year-over-year to RMB 1.01 billion.

• Basic EPS was RMB 0.83, up 15.28% year-over-year.

Financial highlights

• Operating cash flow was RMB 65.08 million, down 58.3% year-over-year.

• Total assets at quarter-end were RMB 72.94 billion, up 4.64% from year-end 2024.

• Shareholders’ equity increased 7.18% from year-end 2024 to RMB 16.56 billion.

• Non-recurring profit items contributed RMB 119.64 million, mainly from asset disposals and government grants.

Key financial ratios and metrics

• Gross margin improved as cost increases lagged revenue growth.

• Weighted average ROE was 7.04%, nearly flat year-over-year.

• Diluted EPS was RMB 0.82, up 13.89% year-over-year.