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Annual Report

2018 年报2018 海信家电 海信家电集团股份有限公司Hisense Home Appliances Group Co.

, Ltd. 海信家电 海信家电集团股份有限公司Hisense Home Appliances Group Co., Ltd. Annual Report

2018 年报

1 Contents Company Profile

1 Major Events Calendar.2 Chairman'

s Statement

3 Discussion and Analysis of Operation

5 Corporate Governance Report

18 Profiles of Directors, Supervisors &

Members of the Senior Management

34 Report of the Directors.37 Report of the Supervisory Committee

60 Definitions.62 Corporate Information

63 Financial Statements Prepared in accordance with China Accounting Standards for Business Enterprise

64 1 Company Profile Hisense Home Appliances Group Co., Ltd. (the Company ) is a major manufacturer of white household electrical appliances in the People'

s Republic of China (the PRC or China ) under the brand names Hisense, Kelon and Ronshen, each of which have been recognised as Well-known Trademarks in China . Founded in

1984 and headquartered in Shunde District, Guangdong Province, the PRC, the Company is principally engaged in research and development, production and marketing of white household electrical appliances such as refrigerators, air-conditioners, washing machines, freezers and kitchen electrical appliances, as well as after-sale service. Its manufacturing bases are located in cities across the country, including Qingdao (Shandong Province), Shunde (Guangdong Province), Jiangmen (Guangdong Province), Yangzhou (Jiangsu Province), Huzhou (Zhejiang Province), and Chengdu (Sichuan Province) and the products are exported to many countries and regions domestically and internationally, which fulfil consumer demand across the world. In

1996 and

1999 respectively, the Company'

s shares were listed on the main boards of The Stock Exchange of Hong Kong Limited and the Shenzhen Stock Exchange. Refrigerators and washing machines business: Refrigerators and washing machines comprise one of the Company'

s principal businesses. In this sector, the Company'

s Hisense and Ronshen brands are among the most well-known in China, with Ronshen refrigerators ranked first in terms of the market share for the last

11 consecutive years. Residential Air-conditioning business: Under its well-known Hisense and Kelon air-conditioner brands, the Company was the first to commit to the research and development, production and promotion of inverter air-conditioners in China. Having years of experience, the Company has maintained a consistent focus on developing technological innovations for inverter air- conditioners, improving product quality, and upgrading its industrial capabilities. This has enabled it to lead the development of national standards for inverter air-conditioners, and has earned a reputation as the industry'

s inverter expert . Central Air-conditioning business: Qingdao Hisense Hitachi Air-Conditioning Systems Co., Ltd. was established in 2003. A strong competitor in the central air-conditioner market, market share of the brand accounts for 22.3% in multi-split central air- conditioners, 0.2 percentage point only lower than the first place. With the support of its strong technical team, the Company will continue to follow its technology orientation and prudent operation strategy of development and it will increase the competitiveness of its products through technological innovation, improved quality and added value of the products. Overall, the Company'

s integrated capabilities will be continuously enhanced, including in the areas of technology, product grade, market scale, profitability and sustainability, to support a steady growth in scale, efficiency and market share.