The Zhitong Finance App learned that Hisense Home Appliances (00921) rose by more than 4% and rose 4.53% at press time to report HK$30 million, with a turnover of HK$19.01 million.
According to the news, according to data from the Overseas General Administration, from January to February 2024, the overall export sales/sales volume/year-on-year ratio of home appliances was +20.8%/+38.6%, exceeding China's overall export sales growth rate (+7.1%). Benefiting from stock replenishment and recovery in terminal demand, export orders for home appliances increased due to the low base effect, and related export companies also benefited relatively.
Guoxin Securities released a research report stating that in Q1, China's domestic e-commerce sales continued to recover, and the export sales boom increased. Listed home appliance companies are expected to operate steadily and improve in Q1. Overall revenue will continue to grow by double digits, and profits will improve slightly. By sector, the export sales of Baidian Q1 are booming, domestic sales of air conditioners are growing rapidly, and cold washing is growing steadily; due to the impact of real estate, traditional kitchen appliances are expected to be sold steadily; domestic sales of small kitchen appliances still need to recover, but export sales have been actively improved. Q1 for cleaning and household appliances continues to recover actively, and demand for sweepers is picking up with new product upgrades without price increases; the lighting and parts sector is experiencing a steady recovery along with business expansion and export demand.