HISENSE HA (00921) surged over 6% in early trading. As of press time, the stock was up 5.78% to HK$24.88, with a trading volume of HK$70.1215 million.

On the news front, Dow Company and Hisense Home Appliances Group officially signed a strategic cooperation memorandum of understanding on September 8th, marking a further deepening of their partnership. This signing not only establishes a solid foundation for both parties in polyurethane business, home appliances and related fields, but also opens new prospects for broader future cooperation. Both parties have agreed to establish a joint laboratory at the Dow Center in Shanghai, focusing on developing new materials and technologies to better meet the evolving demands of the home appliance market.

Goldman Sachs recently released a research report stating it had recent communications with HISENSE HA management. Management indicated they would strive to achieve the 2025 employee stock ownership plan targets and expect revenue/profit compound annual growth rates over the next three years to reach mid-to-high single digits and 10%-20% respectively. Due to a relatively lower revenue base compared to leading enterprises, management expects domestic business profit margins to improve in the second half of the year. Management anticipates overseas home appliance business growth to accelerate in the third quarter and further improve in the fourth quarter, driven by inventory and demand normalization. The central air conditioning business showed month-over-month improvement in July, but real estate market pressures may persist, though the company stated that various measures are expected to mitigate this impact.