HK Stock Market Move | Hisense Home Appliances Group (00921) rose by over 8% at the closing bell. The categories of household appliances eligible for government subsidies have increased to 12, which is expected to continue driving the release of demand for new household appliances.

Hisense Home Appliances Group (00921) rose more than 8% at the close, and as of the time of writing, it rose 7.71% to 27.95 Hong Kong dollars, with a turnover of 166 million Hong Kong dollars. On the news front, today the National Development and Reform Commission and the Ministry of Finance issued a notice on "Expanding the Scope of Large-scale Equipment Renewal and Consumer Goods Replacement Policy for 2025." It mentions that it will continue to support the replacement of old refrigerators, washing machines, and 8 other categories of home appliances, and will include microwave ovens, water purifiers, dishwashers, and rice cookers in the subsidy scope. Guosen pointed out that since the end of December, about 20 provinces and cities have announced policies for the cross-year connection of home appliance replacement programs for 2025. The replacement policy for 2024 has significantly boosted home appliance sales, and the continuation of the replacement policy for 2025 is expected to continue to drive the release of demand for home appliance replacement and boost the growth of the home appliance industry. Huaxi stated that considering the relatively mature stage of development in the domestic home appliance industry, the effects of the replacement policy are gradually showing, the landscape is relatively stable, leading companies have steady growth and cash flow, have a long-term stable dividend strategy, and some of the targeted valuations provide good value for money.