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Consumer Durables

Hisense Electric Co., Ltd.

Business Summary

Hisense Electric Co., Ltd. engages in the production and sale of television sets. Its products include multimedia products such as ultra light emitting diode (ULED or Ultra LED) ultra quality television sets and 4K laser television sets. The company was founded on April 17, 1997 and is headquartered in Qingdao, China.

Financial Highlights

Dec 2018 CNYUSD
Revenue34,917.86M5,276.98M
Gross Profit4,949.93M748.06M
Operating income288.59M43.61M
Income before tax582.29M87.99M
Net income392.40M59.30M
EBITDA706.81M106.81M
Diluted EPS0.290.04
Dividends Per Share0.090.01
Total Assets29,563.02M4,305.90M
Total liabilities14,179.52M2,065.26M
Total equity14,091.34M2,052.42M
Operating cash flow153.30M23.16M
Currency in CNYCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 28,903.46M 30,084.02M 31,652.09M 32,665.89M 34,917.86M
Gross Profit 4,779.51M 5,034.05M 5,098.24M 4,295.88M 4,949.93M
Operating income 1,484.92M 1,593.55M 1,943.27M 966.76M 288.59M
Income before tax 1,642.62M 1,788.22M 2,062.08M 1,113.45M 582.29M
Net income 1,400.04M 1,488.78M 1,758.86M 966.52M 392.40M
EBITDA 1,830.25M 1,914.99M 2,347.50M 1,329.27M 706.81M
Diluted EPS 1.07 1.13 1.34 0.73 0.29
Dividends Per Share 0.32 0.34 0.40 0.21 0.09
Total Assets 20,703.51M 20,933.31M 22,708.99M 24,716.79M 29,563.02M
Total liabilities 9,479.74M 8,642.10M 9,058.94M 10,378.99M 14,179.52M
Total equity 10,820.45M 11,884.17M 13,184.27M 13,757.09M 14,091.34M
Operating cash flow 984.34M 1,125.05M 2,508.46M 2,548.69M 153.30M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 4,690.82M 4,786.54M 4,764.32M 4,833.50M 5,276.98M
Gross Profit 775.68M 800.94M 767.39M 635.65M 748.06M
Operating income 240.99M 253.54M 292.50M 143.04M 43.61M
Income before tax 266.58M 284.51M 310.38M 164.75M 87.99M
Net income 227.21M 236.87M 264.74M 143.01M 59.30M
EBITDA 297.03M 304.68M 353.35M 196.68M 106.81M
Diluted EPS 0.17 0.18 0.20 0.10 0.04
Dividends Per Share 0.05 0.05 0.06 0.03 0.01
Total Assets 3,337.12M 3,223.68M 3,267.71M 3,795.57M 4,305.90M
Total liabilities 1,528.00M 1,330.86M 1,303.53M 1,593.82M 2,065.26M
Total equity 1,744.10M 1,830.13M 1,897.15M 2,112.57M 2,052.42M
Operating cash flow 159.75M 179.00M 377.57M 377.12M 23.16M

Valuation Measures

Dec 2018
PER28.94
ROA1.44%
ROE2.81%
Operating margin0.82%
Profit margin1.12%

Key executives

  • General Manager: Zhi Tao Yu
  • Chief Financial Officer: Jiang Yan Liu
  • Deputy General Manager: Jian Yong Hu
  • Board Secretary: Feng Xia

Shareholders

  • Qingdao State-Owned Assets Supervision & Administration (39.5%)
  • Orient Securities Asset Management Co. Ltd. (5.5%)
  • Qingdao Hisense Electric Holdings Co. Ltd. (5.0%)
  • Aegon-Industrial Fund Management Co., Ltd. (4.0%)
  • China Securities Finance Corp. Ltd. (3.2%)
  • China Investment Corp. (Investment Management) (1.7%)
  • Da Cheng Fund Management Co., Ltd. (1.3%)
  • China Southern Asset Management Co., Ltd. (0.6%)
  • Franklin Templeton Sealand Fund Management Co., Ltd. (0.6%)
  • China Asset Management Co., Ltd. (0.6%)

Contact Details

  • Website:http://www.hisense.com
  • Address: 218 Qianwangang Road, Qingdao Economic & Tech Dev Zone, Qingdao, 266555, China
  • Phone: +86.532.8388.9556

Related Companies

  • Guangdong Hisense Home Appliances Co., Ltd.
  • Toshiba Visual Solutions Corp.
  • Guangdong Hisense Electronics Co. Ltd.
  • Qingdao Hisense Xinxin Technology Co. Ltd.

Competitors

  • Sichuan Changhong Electric Co., Ltd. Class A
  • Skyworth Group Limited
  • TCL Electronics Holdings Limited
  • Chigo Holding Limited
  • Chengdu Xuguang Electronics Co., Ltd. Class A
Last Updated on 11 Oct, 2019

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