Hisense Home Appliances Group (000921) Q3 2024 earnings summary

Executive summary

• Revenue for Q3 2024 was ¥21.94 billion, nearly flat year-over-year, while net profit attributable to shareholders fell 16.29% to ¥777 million for the quarter.

• Year-to-date revenue reached ¥70.58 billion, up 8.75% year-over-year, with net profit attributable to shareholders up 15.13% to ¥2.79 billion.

Financial highlights

• Q3 2024 revenue: ¥21.94 billion (-0.08% YoY); net profit: ¥777 million (-16.29% YoY); EPS: ¥0.57 (-17.39% YoY).

• Year-to-date revenue: ¥70.58 billion (+8.75% YoY); net profit: ¥2.79 billion (+15.13% YoY); EPS: ¥2.05 (+15.17% YoY).

• Operating cash flow for the first nine months: ¥5.21 billion, down 40.15% YoY.

• Gross margin and other detailed profitability metrics not explicitly disclosed.

Outlook and guidance

• No explicit forward-looking guidance provided, but management commentary highlights focus on operational efficiency and risk management.