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Consumer Durables

Hisense Visual Technology Co., Ltd.

Business Summary

Hisense Visual Technology 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, 4K laser television sets, refrigerators, freezers and other communication products . The company was founded in 1969 and is headquartered in Qingdao, China.

Financial Highlights

Dec 2020 CNYUSD
Revenue39,169.26M5,674.86M
Gross Profit6,892.27M998.55M
Operating income1,069.11M154.89M
Income before tax1,581.73M229.16M
Net income1,195.46M173.19M
EBITDA1,510.92M218.90M
Diluted EPS0.910.13
Dividends Per Share0.270.03
Total Assets31,456.34M4,809.98M
Total liabilities13,870.01M2,120.86M
Total equity15,571.46M2,381.03M
Operating cash flow580.39M84.08M
Currency in CNYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 31,652.09M 32,665.89M 34,917.86M 33,895.12M 39,169.26M
Gross Profit 5,098.24M 4,295.88M 4,653.14M 5,916.37M 6,892.27M
Operating income 1,943.27M 966.76M 288.59M 381.75M 1,069.11M
Income before tax 2,062.08M 1,113.45M 582.29M 760.72M 1,581.73M
Net income 1,758.86M 966.52M 392.40M 556.07M 1,195.46M
EBITDA 2,347.50M 1,329.27M 716.51M 832.25M 1,510.92M
Diluted EPS 1.34 0.73 0.29 0.42 0.91
Dividends Per Share 0.40 0.21 0.09 0.12 0.27
Total Assets 22,708.99M 24,716.79M 29,452.20M 29,274.91M 31,456.34M
Total liabilities 9,058.94M 10,378.99M 14,015.87M 12,892.68M 13,870.01M
Total equity 13,184.27M 13,757.09M 14,138.54M 14,578.61M 15,571.46M
Operating cash flow 2,508.46M 2,548.69M 228.24M 2,167.75M 580.39M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,764.32M 4,833.50M 5,276.98M 4,905.33M 5,674.86M
Gross Profit 767.39M 635.65M 703.20M 856.22M 998.55M
Operating income 292.50M 143.04M 43.61M 55.24M 154.89M
Income before tax 310.38M 164.75M 87.99M 110.09M 229.16M
Net income 264.74M 143.01M 59.30M 80.47M 173.19M
EBITDA 353.35M 196.68M 108.28M 120.44M 218.90M
Diluted EPS 0.20 0.10 0.04 0.06 0.13
Dividends Per Share 0.06 0.03 0.01 0.01 0.03
Total Assets 3,267.71M 3,795.57M 4,289.75M 4,202.72M 4,809.98M
Total liabilities 1,303.53M 1,593.82M 2,041.43M 1,850.88M 2,120.86M
Total equity 1,897.15M 2,112.57M 2,059.30M 2,092.91M 2,381.03M
Operating cash flow 377.57M 377.12M 34.49M 313.71M 84.08M

Valuation Measures

Dec 2020
PER12.56
ROA3.93%
ROE7.93%
Operating margin2.72%
Profit margin3.05%

Key executives

  • General Manager & Director: Zhi Tao Yu
  • Securities Representative: He Ping Liu
  • Secretary: Feng Xia

Shareholders

  • Qingdao Hisense Electric Holdings Co., Ltd. (29.9%)
  • Qingdao State-Owned Assets Supervision & Administration (16.5%)
  • Zhong Ou Asset Management Co., Ltd (4.4%)
  • Aegon-Industrial Fund Management Co., Ltd. (4.2%)
  • China Securities Finance Corp. Ltd. (3.2%)
  • Orient Securities Asset Management Co. Ltd. (1.8%)
  • China Investment Corp. (Investment Management) (1.7%)
  • Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (1.5%)
  • China Southern Asset Management Co., Ltd. (1.1%)
  • Harvest Fund Management Co., Ltd. (1.0%)

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

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

Competitors

  • Toshiba Corporation
  • TCL Electronics Holdings Limited
  • Coretronic Corporation
  • Skyworth Group Limited
  • Brimag Digital Age Ltd
  • Chigo Holding Limited
  • Nanoco Group PLC
Last Updated on 8 Dec, 2021

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