A-Share Listed Home Appliance Companies - Profiles and Financial Data
Home appliances are electric or electronic appliances used in households or similar places. By functions and uses, they can be classified into cooling appliances, air conditioners, cleaning appliances, kitchen appliances, heating appliances and audio visual appliances.
China's production volume of home appliances has long been leading the world. In 2016, main business revenues of the home appliance industry was CNY 1,460.56 billion, increasing by 3.8% YOY; total profits were CNY 119.69 billion, increasing by 20.4% YOY. The production volume of TV was174.834 million, up by 8.7% YOY; that of refrigerator was 92.383 million, up by 4.6% YOY; that of air conditioner was 160.493 million, up by 4.5% YOY; that of washing machine was 76.209 million, up by 4.9% YOY.
The home appliance industry has been growing fast in the past decade. China's home appliances not only meet domestic demand, but are also exported in large quantities. The depreciation of CNY since the end of 2015 benefitted China's home appliance export. In 2016, China exported 80.64 million TVs with a total value of CNY 80.972 billion; the export volume of refrigerator was 44.33 million and the value was CNY 37.159 billion; the export volume and value of air conditioner was 42.73 million and CNY 52.658 billion; that of washing machine was 22.49 million and CNY 21.649 billion. Electric fan was the largest export category in terms of volume, which was 615.79 million and the value was CNY 30.635 billion. China exports huge quantities of home appliances, but the unit price is much lower than the international standard. This indicates that Chinese home appliance products are mid-to-low-end products and the industry needs time to upgrade.
In this report, CRI analyzes 40 home appliance enterprises listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
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