HK Stock Movement | Hisense HA (00921) Surges Over 6% Amid Reports of Potential Business Merger

Stock News
Nov 12

Hisense HA (00921) rose more than 6%, reaching HK$26.4 by the time of writing, with a trading volume of HK$116 million. Reports indicate that Hisense is considering merging its electronics and home appliance businesses.

According to the company's Q3 financial results, Hisense HA generated revenue of RMB71.53 billion in the first three quarters, a year-on-year increase of 1.35%. Net profit attributable to shareholders stood at RMB2.81 billion, up 0.67% YoY.

In Q3 alone, revenue reached RMB22.19 billion, rising 1.16% YoY, while net profit attributable to shareholders declined 5.4% to RMB740 million. Huatai Securities noted that weaker performance in central air-conditioning and export fluctuations contributed to pressure on Q3 revenue and profits.

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