Hisense Home Appliances Group Co., Ltd. released its unaudited 2026 first-quarter results, showing softer top- and bottom-line performance but a marked recovery in operating cash flow.

Revenue and Profit • Operating revenue fell 7.16 % year on year to RMB 23.06 billion, reflecting a slower start to the year. • Net profit attributable to shareholders slipped 8.22 % to RMB 1.03 billion; excluding extraordinary gains of RMB 0.19 billion, underlying profit contracted 16.60 % to RMB 0.84 billion. • Basic earnings per share declined to RMB 0.76 from RMB 0.83, while return on equity eased 1.29 percentage points to 5.75 %.

Cash Flow and Balance-Sheet Highlights • Net cash inflow from operating activities surged to RMB 0.93 billion, a sharp turnaround from RMB 0.07 billion a year earlier, primarily due to lower cash outlays for operations. • Total assets expanded 7.79 % versus end-2025 to RMB 75.44 billion; equity attributable to shareholders rose 5.90 % to RMB 18.50 billion. • Cash and cash equivalents increased 44.88 % to RMB 5.07 billion, supported by positive operating, investing and financing cash flows.

Expense & Income Movements • Finance expenses jumped to RMB 73.89 million from RMB 6.07 million, driven by exchange-rate fluctuations. • Government subsidies declined, pulling other income down 48.52 % to RMB 81.75 million. • Gains from fair-value changes in wealth-management and FX hedging contracts grew 245.96 % to RMB 106.60 million. • Disposal of long-term assets generated RMB 42.17 million, more than doubling last year’s contribution.

Extraordinary Items Extraordinary gains totalled RMB 0.19 billion, mainly from asset disposals, fair-value gains, entrusted investments and government grants. These items lifted reported profit by about 23.0 %.

Shareholder Structure As at 31 March 2026, the company recorded 53,355 shareholders. Qingdao Hisense Air Conditioning Co., Ltd. remained the largest shareholder with a 37.31 % stake, while HKSCC Nominees Limited held 33.14 %.

Audit Status The quarterly financial statements have not been audited.

The board affirmed the accuracy and completeness of the disclosed information and noted that all directors attended the meeting approving the report.