Yangtze Evening News - On November 29, the "Fifth China Securities Market Annual Conference" hosted by the Securities Daily was held at the Diaoyutai State Guesthouse in Beijing. Hisense Electronics (24.10, 0.46, 1.95%) (600060), a listed company under the Hisense Group, once again won the "Golden Eagle Award" for its outstanding performance achieved through technological innovation. This makes it one of the best-growing companies among listed companies and the only listed company in the color TV industry to win this award. Few companies, like Hisense Electronics, have consecutively won the "Golden Eagle Award" for two years, which also shows that the long-term "technology-based enterprise" development strategy has laid a solid foundation for the continuous healthy development of Hisense Electronics.
This year's "Golden Eagle Award" was objectively selected based on the financial report data of listed companies for the first three quarters of 2009, as well as their independent innovation capabilities and product market performance. It reflects the good growth potential and development prospects of listed companies, with the winning enterprises being benchmarks in their respective industries.
Despite the severe impact of the global financial crisis on the color TV market this year, Hisense Electronics has adhered to its high-end product strategy, continuously increasing its independent innovation efforts. Through core technology breakthroughs and expansion into upstream industrial chains, it has enhanced the overall strength of the enterprise, achieving record-high operating performance. From January to September this year, the company's revenue reached 13.05 billion yuan, an increase of 30.47% year-on-year, with net profit reaching 309 million yuan, an increase of 121.30% year-on-year. The net profit in the third quarter alone increased by 179.94% year-on-year, demonstrating strong risk resistance capability and good growth potential. In the fiercely competitive color TV market, Hisense stands out as the only listed company in the color TV industry to win the "Golden Eagle Award".
It is understood that Hisense Electronics is the first color TV company in China to independently produce LCD modules. In September 2007, Hisense Electronics built and put into operation China's first LCD module production line in the color TV industry. Over the past two years, production scale has continued to expand, currently reaching an annual production capacity of 1.5 million units with a yield rate of 99%.
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