① Hisense Video in Q3 continued to maintain the momentum of performance growth in the first half of the year. ② analysts said that the growth of big Chinese brands was partly due to the market share gained as a result of the downgrade of overseas consumption. In terms of panels, the continued increase in prices is expected to be difficult to consolidate.
Financial Associated Press, October 24 (Reporter Ren Chaoyu)Hisense Video (600060. SH) reported tonight that the company continued to maintain the momentum of growth in the first half of the year in Q3. Recently, Oviyun.com industry analysts said that global TV terminal shipments declined this year compared with the same period last year. The growth of big Chinese brands is partly due to the market share gained under the downgrade of overseas consumption. In terms of panels, the continued increase in prices is expected to be difficult to consolidate.
According to the Hisense video financial report, the company achieved operating income of 39.226 billion yuan in the first three quarters, an increase of 20.65% over the same period last year, and its mother's net profit was 1.628 billion yuan, an increase of 47.08% over the same period last year. Among them, operating income in the third quarter increased by 16.71% over the same period last year, and net profit from home increased by 15.19% compared with the same period last year.
The company mentioned that in the context of a sharp rise in the prices of major raw materials and greater pressure on the economic environment. In the first-third quarter of 2023, the company wisely showed that terminal revenue and sales increased year-on-year in both domestic and overseas markets; the company is committed to continuously improving its overseas long-term development capacity, with North America and Europe as the main overseas incremental contribution markets. sales grew by double digits year-on-year.
Oviyun analysts said in a recent summary live broadcast that although panel manufacturers have adopted downsizing capacity to face changes in terminal demand. However, under the background of the loss of TV manufacturers, the bargaining power of the industry is tilted to TV manufacturers. The continued increase in panel prices is expected to be difficult to consolidate.
Since the first half of the year, Hisense, TCL and other leading e-commerce manufacturers have achieved "reverse growth" performance. Overevo analysts said that global machine shipments fell 1.4 per cent from January to August compared with the same period last year. Sub-brand point of view, in addition to Hisense, TCL, Skyworth these brand growth, other brands are showing a decline.
"the growth of the above brands is mainly due to the downgrade of consumption. Some of the high-end brands in overseas markets, such as Samsung Electronics and LG, have gone to Hisense and TCL. We expect to follow this trend in the future. "