Core Viewpoint - Hisense Visual announced a financial management limit of up to 16 billion RMB for the year 2026, which can be used on a rolling basis during its validity period [1] Group 1: Financial Management Details - The financial management limit is set at a maximum of 16 billion RMB for the year 2026 [1] - The investment types include financial products issued by banks, securities firms, and asset management companies, both in domestic and foreign currencies [1] - The characteristics of these financial products include high safety, good liquidity, and low risk, with potential returns being either guaranteed or floating [1] Group 2: Funding and Approval Process - The source of funds for these investments will be the company's own funds [1] - The relevant proposal was approved during the 19th meeting of the 10th Board of Directors held on December 10, 2025, and is subject to approval by the company's shareholders [1]

Core Insights - The Chinese television market is experiencing a significant downturn, with major brands reporting a collective decline in shipments during the November sales period, which was expected to be strong due to the early and extended Double Eleven promotion [1][3] - The total shipment for November was approximately 3.22 million units, representing a year-on-year decrease of 15.7% [3] - The overall retail volume during the Double Eleven promotion period saw a drastic decline of 19.6%, while retail revenue plummeted by 22.1%, indicating a severe "volume and price double kill" scenario [3][5] Market Performance - The top eight television brands, including Hisense, TCL, Xiaomi, and others, accounted for over 95% of the market share, with a total shipment of about 3.08 million units, down 13.9% year-on-year [3][5] - Xiaomi's shipment was 530,000 units with a market share of 16.5%, slightly down from 17.9% in October [3] - The global television shipment for Q3 2025 was 52.5 million units, a slight decline of 0.6% year-on-year, with China's market contributing to a 12.2% drop [5] Consumer Behavior and Market Trends - The television usage rate in China has drastically decreased from 70% in 2016 to below 30% in 2022, indicating a shift in consumer behavior [6] - The complexity of operating smart TVs has increased, leading to consumer frustration, especially among older users [8] - The rise of smartphones as the primary entertainment device has diminished the necessity for large-screen televisions [8] Future Outlook - The domestic television market is under pressure, with factors such as a declining single-person household population and a downturn in the real estate market affecting demand for large appliances [9][12] - Major brands are focusing on expanding into overseas markets to compensate for domestic declines, with TCL and Hisense showing positive growth in Europe and emerging markets [14] - Simplifying smart TV operations, reducing advertisements, and enhancing content offerings could help mitigate the decline in the domestic market [14][15]

Core Insights - The 2025 China Entrepreneur Influence Entrepreneur Conference was held in Beijing from December 5 to 7, focusing on the theme "Emergence·Infinity - Co-creating New Forms of Intelligent Business" [1] Group 1: Company Philosophy - The chairman of Hisense Group, Jia Shaoqian, emphasized the importance of returning to the essence of business, highlighting that the ultimate rulers of the market economy are consumers and technology [3][6] - Jia pointed out that competition has shifted from product functionality to user scenarios, stressing the need to understand users' real needs in their living environments to create customized solutions [3][6] - The transition from selling products to selling value is essential for survival and development, necessitating a deeper engagement with users [3][6] Group 2: Entrepreneurial Mindset - Jia discussed the common feelings of anxiety and pressure among entrepreneurs, stating that anxiety is a normal state for great entrepreneurs [3][6] - He proposed that the solution to anxiety lies in the concretization of problems, which involves taking actionable steps to address specific issues and understanding the underlying needs from the user's perspective [3][6] Group 3: Organizational Transformation - Jia shared insights on Hisense's organizational transformation over the past three years, revealing that the number of employees at the headquarters has decreased from 1,600 to 100 [4][7] - This reduction has led to a compression of management levels, with no more than three levels between the division president and ordinary employees, and a shift in decision-making authority closer to the market and users [4][7] - The goal of the transformation is to create a "small headquarters, large industry" model with a flat and efficient organization, empowering frontline business operations [4][7]

Core Insights - The 2025 China Entrepreneur Influence Entrepreneur Conference was held in Beijing from December 5 to 7, focusing on the theme "Emergence·Infinity - Co-creating New Forms of Intelligent Business" [1] Group 1: Company Philosophy - The chairman of Hisense Group, Jia Shaoqian, emphasized the importance of returning to the essence of business, highlighting that the ultimate rulers of the market economy are consumers and technology [3][6] - Jia pointed out that competition has shifted from product functionality to user scenarios, stressing the need to understand users' real needs in their living environments to create customized solutions [3][6] - The transition from selling products to selling value is essential for survival and development, necessitating a deeper engagement with users [3][6] Group 2: Entrepreneurial Mindset - Jia discussed the common feelings of anxiety and pressure among entrepreneurs, stating that anxiety is a normal state for great entrepreneurs [3][6] - He proposed that the solution to anxiety lies in the concretization of problems, which involves taking actionable steps to address specific issues and understanding the underlying needs from the user's perspective [3][6] Group 3: Organizational Transformation - Jia shared insights on Hisense's organizational transformation over the past three years, revealing that the number of employees at the headquarters has decreased from 1,600 to 100 [4][7] - This reduction has led to a compression of management levels, with no more than three levels between the division president and ordinary employees, and a shift in decision-making authority closer to the market and users [4][7] - The goal of the transformation is to create a "small headquarters, large industry" model with a flat and efficient organization, empowering frontline business operations [4][7]

吴鹏在致辞中表示，南非人民热爱体育，中国与南非都是体育大国，双方在体育领域具有巨大的合 作潜力。海信公司长期深耕南非市场，积极参与当地教育、文化、体育和环保等公益事业，对南非青少 年足球事业等的支持获得了广泛认可。中国使馆将继续鼓励中资企业积极履行社会责任，为中南经贸合 作注入更强动力，并为南非经济社会发展作出更大贡献。 海信南非公司总经理刘巍在捐赠仪式上表示，海信不仅在南非经营，更在南非发展。通过本次合 作，海信南非公司将与青训项目一道助力南非青少年足球发展。 南非青训项目负责人皮措·莫西马内对海信和中国使馆的支持表示感谢。他在发言中说，海信南非 公司提供的设备将帮助其教练团队更精准地掌握训练情况、追踪球员表现，预计未来将有超过12000名 年轻球员从中受益。 新华网约翰内斯堡12月8日电（记者靳博文 陈为）海信南非公司近日向皮措·莫西马内青少年足球项 目（下称青训项目）捐赠100部海信移动设备，以数字化科技助力南非足球青训体系建设。中国驻南非 大使吴鹏，南非体育、艺术和文化部长麦肯齐和豪登省省长莱苏菲共同见证了捐赠仪式。 图为中国驻南非大使吴鹏（后排右三），南非体育、艺术和文化部长麦肯齐（后排中）出席捐赠 ...

12月8日,省政府新闻办举行新闻发布会,邀请省工信厅主要负责同志等介绍"十四五"时期山东加快建设先 进制造业强省情况。作为全国工业版图中的重要一极,山东的每一次脉动,都关乎国家实体经济的根基与 活力。"十四五"时期,山东将工业经济视为"头号工程",加快推进新型工业化,制造业增加值占GDP比重稳 定在28%左右,全省工业增加值将跨过1个万亿元台阶。 记者闫聪济南报道 制造业增加值 占GDP比重稳定在28%左右 工业整体实力走在全国前列。紧紧扭住稳增长这个"牛鼻子",充分发挥"链长制"、制造强省建设领导小 组、省工业运行指挥部等牵总作用,全力做足增量、遏制减量、应对变量,工业经济实现规模与质效同步 跃升。规模体量稳步扩大。规上工业增加值年均增长7.5%,高于全国1.6个百分点左右；全省工业增加值 将跨过1个万亿元台阶,由2.3万亿元提升至3.3万亿元、增长4成以上。其中,制造业增加值占GDP比重稳定 在28%左右,规上工业企业数量和营收较2020年分别增长54.7%、42.9%。体系完整优势日益凸显。拥有 41个工业大类、197个工业中类和603个工业小类,是工业门类最为齐全的省份之一,18个制造业大类营收 居全 ...

Core Viewpoint - The article emphasizes that China's manufacturing sector is undergoing a transformation towards high-quality development, driven by innovation, quality management, and global market expansion, as outlined in the "14th Five-Year Plan" [1][9]. Group 1: Innovation-Driven High-End Development - China has made significant advancements in high-tech fields such as electric vehicles and wind turbines, with companies like Hisense leading in high-end display technology, surpassing international competitors by 1.5 years in mass production of RGB three-dimensional control color LCD technology [2][10]. - Hisense's commitment to long-term R&D has positioned it as a key player in the technological iteration of the display industry, showcasing the importance of innovation in breaking into high-end markets [2][10]. - The collaborative innovation across the entire industry chain, including partnerships with suppliers and universities, is crucial for advancing new display technologies like Mini LED [2][10]. Group 2: Quality Management as a Foundation - Quality is identified as the lifeline of enterprises and a cornerstone for the upgrade of Chinese manufacturing, shifting focus from scale expansion to quality enhancement [5][14]. - Hisense has received multiple national quality awards and is recognized for its rigorous quality management practices, including a comprehensive R&D quality assurance system [5][14]. - The company has implemented a digital quality management system that transitions quality control from post-production checks to proactive prevention, utilizing AI and data-driven decision-making [6][15]. Group 3: Global Market Expansion - The "14th Five-Year Plan" encourages high-standard openness, facilitating the integration of Chinese manufacturing into global value chains [7][18]. - Hisense has established a global presence with 30 R&D institutions, 37 industrial parks, and 64 overseas offices, promoting international competitiveness and collaboration within the supply chain [7][16]. - The internationalization of Chinese manufacturing, exemplified by Hisense, is reshaping the global industrial landscape, moving from a position of "catching up" to "leading" in various sectors [9][18].

Market Overview - The black home appliance sector experienced a slight increase of 0.02% on December 8, with Jiulian Technology leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up by 0.54%, while the Shenzhen Component Index closed at 13329.99, up by 1.39% [1] Stock Performance - Jiulian Technology (688609) closed at 10.05, with a rise of 3.29% and a trading volume of 114,700 shares, amounting to a transaction value of 115 million yuan [1] - Other notable performers included Tongzhou Electronics (002052) with a 1.43% increase, and Zhaochi Co., Ltd. (002429) with a 1.17% increase [1] - Conversely, companies like XGIMI Technology (688696) and Hisense Visual (600060) saw declines of 0.81% and 1.66%, respectively [1] Capital Flow - The black home appliance sector saw a net outflow of 127 million yuan from institutional investors, while retail investors contributed a net inflow of 89.67 million yuan [1] - Notably, Jiulian Technology experienced a net outflow of 17.14 million yuan from institutional investors, despite a retail net inflow of 13.58 million yuan [2] - Other companies like Sichuan Changhong (600839) and *ST Gauss (002848) also faced significant net outflows from institutional investors, amounting to 39.53 million yuan and 17.11 million yuan, respectively [2]

中新网比勒陀利亚12月6日电 (记者 孙翔)海信南非公司5日向南非皮托·莫西马尼青少年足球项目(Pitso Mosimane Youth Football，简称 PMYF)捐赠100部海信移动设备，通过数字化科技助力南非青训体系发 展。南非豪登省省长勒苏非，南非体育、艺术和文化部部长麦肯齐，中国驻南非大使吴鹏等出席捐赠仪 式并致辞。 勒苏非表示，此次捐赠不仅是企业支持体育事业的善举，更是对南非青少年未来的投资。"这样的合作 让南非孩子能够勇敢追梦。" 麦肯齐在讲话中感谢中国企业对青训事业的长期投入。他说："我们欢迎海信这样的合作伙伴加入南非 青训体系。他们提供的不只是设备，而是机会、信心和未来。" 海信南非自1996年进入南非市场以来，已成为本地就业、制造业和社会发展中的重要一员，建立本地化 制造体系和供应链，为社会创造数千就业机会，持续投资教育、体育与社区公益。(完) 中国驻南非大使吴鹏致辞称，"中国和南非都是是体育大国，双方体育合作潜力巨大。"中国企业积极参 与提升当地社区和民众福祉，很好体现了中国倡导的人类命运共同体理念和非洲"我为人人，人人为 我"的"乌班图"精神。使馆将继续鼓励中资企业积极承担社会责 ...

Core Viewpoint - Hisense has launched its flagship monitor GX, integrating advanced technologies from its high-end TVs to enhance user experience and performance in the display market [2] Group 1: Product Features - The Hisense GX monitor features a low-reflective black screen that minimizes environmental light interference, achieving a reflection rate as low as 1.8%, ensuring clear visuals even in bright conditions [4] - It utilizes a STW visual compensation film that allows for a 178° viewing angle without loss of brightness or color, providing an optimal viewing experience from various angles [6] - The monitor is powered by the MT9655 chip with 4GB RAM and 64GB storage, enabling rapid system response and advanced image processing capabilities [7] - The U+Mini LED backlight system offers precise local dimming with 2304 independent zones, enhancing contrast and detail in bright and dark scenes [10] - With a peak brightness of XDR2000 nits and 98% DCI-P3 color coverage, the monitor delivers rich color and shadow details, accurately reflecting the creators' intentions in 3A games [13] Group 2: Versatility and User Experience - The Hisense GX supports dual modes of UHD@160Hz and FHD@320Hz, catering to both high-quality gaming and competitive gaming needs [14] - It features a built-in smart TV system, allowing users to access streaming services and high-bitrate local video playback without needing an external console [16] - The monitor incorporates health-focused technologies, including DC dimming to reduce flicker, low blue light certification, and AI ambient light sensing for automatic brightness adjustment [17] - The design includes an ergonomic stand for adjustable angles and a unique GaN power adapter for compactness and efficiency [19] Group 3: Market Positioning - The launch of the Hisense GX monitor demonstrates the company's strategy to leverage its established TV technology in the display sector, providing a high-performance solution for both entertainment and professional use [19]