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China 2015: BRAND PROFILE | 82. Hisense

The home appliance company introduced innovative smart technology and energy-saving features to drive business as demand eased because of the slower real estate market and the end of government subsidies for appliance purchases.

Hisense Kelon Electrical Holdings Company, Ltd. manufactures and sells refrigerators, air conditioners, freezers and washing machines with the brand names Hisense, Kelon and Ronshen. The company established in 1984 as Guangdong Shunde Pearl River Factory. It was renamed in 1992, and listed on the Hong Kong Stock Exchange in 1996, and on the Shenzhen Stock Exchange in 1999. It’s a subsidiary of the SOE (State Owned Enterprise) Hisense Company Ltd., incorporated in 1979, in Qingdao.

Net income of Hisense Kelon Electrical Holdings Company, Ltd. for the first half of 2014 declined 13 percent to $99 million on revenue of $2.5 billion, a 19 percent gain.

For the full year 2013, net income leaped 77 percent to $202 million on 32 percent revenue rise to $3.9 billion.