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Hisense Ranked No.1 in MEA for Large-Screen and MiniLED TV Shipments
Research Reports Gold Mining | GTJA: Maintains HISENSE HA "Shareholding" rating, Target Price 42 yuan.
The GTJA Research Reports indicate that in the fourth quarter, the national subsidy policy is expected to significantly improve the retail performance of HISENSE HA (000921.SZ), but channels will prioritize digesting inventory, leading to a lower growth rate in company shipments compared to retail. At the same time, the central air conditioning business is experiencing weak policy-driven momentum and still faces downward pressure, with an expected domestic sales reversal from the decline in Q3, year-on-year growth of 0-5%; overseas demand in the export sector is stable, with company Q4 overseas revenue expected to increase by 15-20%. Considering the retail boost from the old-for-new policy and inventory digestion, actual shipment performance may lag behind the growth rate of retail and long-term incentive costs have been accrued, leading to a downward adjustment of the company's forecast for Q4 2024 and a slight revision downwards.
Hong Kong stocks are moving differently | Home Appliances stocks rise against the trend as multiple regions announce the continuation of the trade-in policy. Institutions indicate that national subsidies are expected to release upgrade demand.
Home Appliances stocks rose against the trend in the early session. As of the time of writing, HISENSE HA (00921) is up 5.3% at 25.85 HKD; QIDIAN GUOFENG (01280) is up 2.79% at 2.58 HKD; Midea Group Co., Ltd (00300) is up 1.26% at 76.5 HKD;泉峰控股 (02285) is up 0.46% at 17.52 HKD.
Public Companies Are Hisense Home Appliances Group Co., Ltd.'s (SZSE:000921) Biggest Owners and Were Hit After Market Cap Dropped CN¥2.4b
Policy stimulus for 3C and home appliance demand release. Will the multiplier effect of the "trade-in" policy continue in 2025? | Year-end review.
In 2024, the implementation of the "national subsidy" policy for the exchange of old for new will effectively stimulate the demand for home appliances and Consumer Electronics. Market analysis suggests that related subsidies for the exchange of old for new are expected to continue next year, with mobile phones and more home improvement categories likely included, while the future policy-driven effects still remain to be observed.
Hisense to Showcase Future of Smart Living With "AI Your Life" at CES 2025
