Hisense Home Appliances Group Co (SZSE:000921) Net Margin % : 4.18% (As of Mar. 2024)

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What is Hisense Home Appliances Group Co Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Hisense Home Appliances Group Co's Net Income for the three months ended in Mar. 2024 was ¥981 Mil. Hisense Home Appliances Group Co's Revenue for the three months ended in Mar. 2024 was ¥23,486 Mil. Therefore, Hisense Home Appliances Group Co's net margin for the quarter that ended in Mar. 2024 was 4.18%.

The historical rank and industry rank for Hisense Home Appliances Group Co's Net Margin % or its related term are showing as below:

SZSE:000921' s Net Margin % Range Over the Past 10 Years
Min: 1.44 Med: 3.29 Max: 6.03
Current: 3.57

SZSE:000921's Net Margin % is ranked worse than
52.73% of 421 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.05 vs SZSE:000921: 3.57

Hisense Home Appliances Group Co Net Margin % Historical Data

The historical data trend for Hisense Home Appliances Group Co's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hisense Home Appliances Group Co Net Margin % Chart

Hisense Home Appliances Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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4.79

3.26

1.44

1.94

3.31

Hisense Home Appliances Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															3.17	3.75	4.23	1.99	4.18

Competitive Comparison of Hisense Home Appliances Group Co's Net Margin %

For the Furnishings, Fixtures & Appliances subindustry, Hisense Home Appliances Group Co's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hisense Home Appliances Group Co's Net Margin % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Hisense Home Appliances Group Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where Hisense Home Appliances Group Co's Net Margin % falls into.

Hisense Home Appliances Group Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Hisense Home Appliances Group Co's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	2837.323	/	85600.189
	=	3.31 %

Hisense Home Appliances Group Co's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	981.247	/	23486.119
	=	4.18 %

Hisense Home Appliances Group Co (SZSE:000921) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Hisense Home Appliances Group Co Net Margin % Related Terms

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Hisense Home Appliances Group Co (SZSE:000921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hisense Home Appliances Group Co Ltd (SZSE:000921) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

HISEF:USA 00921:Hong Kong GKE:Germany

Address

No. 8 Ronggang Road, Ronggui Street, Shunde District, Guangdong Province, Foshan, CHN, 528303

Website

https://hxjd.hisense.cn

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from the domestic market.

Executives

Tang Ye Guo	Directors, executives
Fan Wei	Supervisors
Dai Hui Zhong	Director
Jia Shao Qian	Directors, executives
Wang Zhi Gang	Executives
Xiao Jian Lin	Directors, executives
Wang Jiu Cun	Executives

Hisense Home Appliances Group Co (SZSE:000921) Headlines

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