Hisense Electric Net Worth is1.7 $Billion
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Type: State Enterprise with Public company subsidiaries
Traded As: 921 600060
Predecessor: Qingdao No.2 Radio Factory
Foundation: September, 1969
Location City: Qingdao, Shandong
Location Country: People's Republic of China
Area Served: Asia, Africa, Europe, North America
Industry: Electronics
Products: White goods, televisions, mobile phones, cash registers
Services: Real estate, property management, mould production and design, pattern making, IT services
Subsid: over 40
Homepage: [http://www.hisense.com/en www.hisense.com/en]
Hisense (Chinese: aeu?a??e??a??) is a white goods and electronics manufacturer based in China. It is a state-owned enterprise[Bell 1] with publicly traded subsidiaries.
The Hisense Group comprises two publicly traded companies, Hisense Electric Co Ltd, listed on the Shanghai stock exchange (SSE: 600060) and Hisense Kelon Electrical Holdings Co Ltd, which is listed on the Shenzhen (SZSE: 000921) and Hong Kong (SEHK: 921) stock exchanges and a number of other subsidiaries.
Hisense has 13 manufacturing facilities in China (located in the provinces of: Guangdong, Guizhou, Huzhou, Jiangsu, Liaoning, Linyi, Shandong, Sichuan, Yangzhou, Yingkou, Xinjiang, Zibo and the municipality of Beijing) and several outside of China, namely in Hungary, South Africa, Egypt, Algeria and France.
Hisense retails products under several brand names. These include Combine, Kelon, and Ronshen, etc. Hisense is also an OEM, so some of the products it makes are sold to other manufacturers and carry a brand name not related to Hisense.[Bell 2]
The company has run wide-ranging sponsorship efforts one of which resulted in a Hisense-branded flag being flown atop Everest.
Hisense grew out of Qingdao No.2 Radio Factory, setup in September or December of 1969 by Qingdao governmental authorities.[Bell 1] This was the year its existence was first officially recognized.[Bell 3]
Its first product a radio sold under the brand name Red Lantern, Qingdao No.2 Radio Factory acquired the know-how to make TVs through a trial-production of black and white televisions ordered by the Shangdong National Defense Office. This involved technical training of three employees at the Tianjin 712 Factory and resulted in the production of 82 televisions by 1971 and the development of transistor TVs by 1975.[Bell 3]
Television production in China was limited until 1979 when a Beijing meeting of the Ministry of Electronics called for greater development of the civil-use electronics industry. Qingdao No.2 Ra

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Hisense Electric Latest News

Hisense Electric : acquires Toshiba television business

Hisense Electric, the publicly listed subsidiary of Hisense Group, has agreed to purchase 95% of the shares of Toshiba Visual Solutions Corporation for 12.9 billion Japanese Yen... Hisense will obtain the TV businesses, including production, research and ...
Posted: November 15, 2017, 3:26 am

Toshiba sells TV unit to Hisense in $114M deal

On Tuesday, the Japanese tech giant said it would sell a 95-percent stake in the unit, Toshiba Visual Solutions (TVS), in a deal worth 12.9 billion yen ($114.4 million) to Hisense Electric. While Toshiba will retain a small five percent stake, the company ...
Posted: November 15, 2017, 2:15 am

What Industry Professionals Say about Micro LED

Weidong Liu, Deputy General Manager of Hisense Electric Co., Ltd. Liu explains that local dimming means a lot to LCD displays while rivaling OLED displays. This backlighting technology can reduce light leakage, expand the grayscale, improve color contrast ...
Posted: December 11, 2017, 3:03 am
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