A series of problems, such as the soaring price of raw materials and sea freight, and the shortage of core material supply, make China’s home appliance industry full of variables in 2021. In this context, Hisense Home Appliances Group Co.Ltd(000921) ( Hisense Home Appliances Group Co.Ltd(000921) , SZ), the best revenue in history, is a good report card.
On March 30, Hisense Home Appliances Group Co.Ltd(000921) released the financial report for 2021, which showed that the company achieved an operating revenue of 67.563 billion yuan, an increase of 39.61% year-on-year; The company realized a net profit attributable to shareholders of listed companies of 973 million yuan, a year-on-year decrease of 38.40%.
In the view of a person in the household appliance industry, the complex and changeable business environment and the sudden increase of uncertain factors have brought great challenges to the operation of enterprises. The revenue of Hisense Home Appliances Group Co.Ltd(000921) can rise against the trend, with a revenue of 67.6 billion yuan, creating a record high for the company.
In the past 2021, Hisense Home Appliances Group Co.Ltd(000921) although the revenue increased by nearly 40% year-on-year, the net profit attributable to the parent company also decreased. In this regard, Hisense Home Appliances Group Co.Ltd(000921) said in the financial report of 2021 that the decline in the net profit attributable to the parent company was mainly affected by the operating loss of household air conditioners.
From the perspective of main business, Hisense Home Appliances Group Co.Ltd(000921) covers the R & D, manufacturing and marketing of refrigerator, central air conditioner, household air conditioner, freezer, washing machine, commercial cold chain, kitchen and bathroom and other electrical products. During the reporting period, the company completed the merger and acquisition of Sandian company and expanded to automobile air conditioning compressor and automobile air conditioning industry.
In terms of HVAC business, Hisense Home Appliances Group Co.Ltd(000921) said that during the reporting period, both central air conditioning business and household air conditioning business achieved an increase of more than 20%, of which Hisense Hitachi’s operating revenue increased by 38.11% year-on-year.
The reporter of the daily economic news noted that in the past 2021, the performance of various products in the HVAC industry was different, and the central air conditioning products reversed the downward trend in the past two years.
According to the statistics of Aiken air conditioning refrigeration network, the annual growth rate of China’s central air conditioning market exceeds 25%, and the decline of “volume and price” of household air conditioning products continues. According to the total data pushed by ovicloud, the cumulative retail volume of household air conditioners in China fell by 8.7% year-on-year and 1.2% year-on-year in 2021.
Compared with the decline of the industry, in the increasingly fierce competition in the home appliance market, Hisense Home Appliances Group Co.Ltd(000921) ‘s share is expanding. Relevant data show that the revenue of HVAC in Hisense Home Appliances Group Co.Ltd(000921) 2021 was 30.403 billion yuan, an increase of 30% year-on-year; The revenue of ice washing was 23.018 billion yuan, a year-on-year increase of 23.03%.
