HK Stock Market Move | Hisense Home Appliances Group (00921) rose nearly 5% in the afternoon. The controlling shareholder plans to continue increasing its stake. Institutions are optimistic about the company's business resilience.

Hisense Home Appliances Group (00921) rose nearly 5% in the afternoon, up 3.7% as of press time, to 25.25 Hong Kong dollars, with a turnover of 51.0027 million Hong Kong dollars. On the news front, Hisense Home Appliances Group announced that its controlling shareholder, Hisense Communication, plans to increase its stake in the company through centralized bidding from now until November 6, with a total increase of no less than 6.93 million shares and not exceeding 13.86 million shares. On May 7, Hisense Communication increased its holding of 2.21 million A-shares, accounting for 0.16% of the company's total share capital. According to the first quarter report of Hisense Home Appliances Group released recently, the company achieved operating income of 24.838 billion yuan, a year-on-year increase of 5.76%; achieved a net profit attributable to the parent of 1.127 billion yuan, a year-on-year increase of 14.89%. Huachuang Securities pointed out that the company's performance remains impressive even in the face of a high base from the same period, and a good start will create more space for future operations. With the subsequent industry growth rate and the company's financial base decreasing, we believe that the operating resilience is expected to continue, and it still has relatively high investment value at the current point in time.