Equity Analyst

Xin Yu, CFA

An equity research analyst with over 5 years of experience in multiple sectors. Previously worked for a global asset manager, covering China equities in multiple markets including A-shares/H-shares/ADRs and multiple sectors including TMT, industrial, consumer, etc. I conduct fundamental research to invest in high quality companies at an attractive valuation.

Equity Bottom-Up

Hisense Home Appliances Group Co., Ltd. H / Equity Bottom-Up

Hisense Home Appliances Group Co., Ltd. H (921 HK)

Hisense Home Appliances Group Co., Ltd. H

<ul>
<li>Hisense announced the long-awaited equity incentive scheme on Jan 2. </li>
<li>For 100% vetting, Hisense net profit needs to grow by 62%/86%/109% from 2023 to 2025, compared with its 2021 net profit level. </li>
<li>We have seen Hisense Home Appliance (Hisense HA) transforming itself into a more market-oriented company. </li>
</ul>


Hisense announced the long-awaited equity incentive scheme on Jan 2. 
For 100% vetting, Hisense net profit needs to grow by 62%/86%/109% from 2023 to 2025, compared with its 2021 net profit level. 
We have seen Hisense Home Appliance (Hisense HA) transforming itself into a more market-oriented company. 


Hisense Announced the Long-Awaited Equity Incentive Scheme