Company Directory - Hisense
Company Details - Hisense
Hisense
WebsiteQingdao, China
Hisense is a leading Chinese multinational manufacturer of home appliances and consumer electronics, recognized globally for its innovative televisions, including its collaboration with Roku on smart TVs. The company is also active in producing refrigerators, air conditioners, and other home appliances, appealing to diverse markets with its modern technology and affordability.
CCI Score
CCI Score: Hisense
-26.45
0.11%
Latest Event
Hisense’s State-Owned Ties and Government Influence
The article examines Hisense's mixed ownership structure, highlighting its state-owned shareholders which provide the Chinese government potential influence over decision-making and contracting opportunities. This raises concerns about corporate complicity in supporting authoritarian practices.
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Hisense is currently rated as an Accomplice.
Latest Events
- FEB012025
The article examines Hisense's mixed ownership structure, highlighting its state-owned shareholders which provide the Chinese government potential influence over decision-making and contracting opportunities. This raises concerns about corporate complicity in supporting authoritarian practices.
-50
Public and Political Behavior
May 4
The article details the influence of state-owned shareholders over Hisense’s decision-making process, suggesting that the company may be subject to governmental control that aligns with authoritarian agendas. This political influence is a concern from a corporate complicity perspective.
Unraveling the Mystery: Is Hisense Owned by the Chinese Government?
-40
Economic and Structural Influence
May 4
Hisense’s ties to state-owned entities potentially offer it access to favorable government contracts and subsidies, which can undermine fair market competition and reinforce authoritarian economic influence.
Unraveling the Mystery: Is Hisense Owned by the Chinese Government?
- JAN012025
Hisense projects its overseas revenue to reach RMB 150 billion in 2025, underscoring an accelerated global expansion effort and the establishment of closer economic and trade relationships with Belt and Road Initiative countries, many of which are governed by authoritarian regimes.
-25
Economic Collaboration
May 4
By intensifying its global market presence and strengthening economic ties with BRI countries, Hisense is deepening its economic collaboration with states that often exhibit authoritarian practices. From an anti-fascist perspective, such engagements raise concerns about indirectly bolstering authoritarian regimes.
China's Hisense expects RMB 150 bln overseas revenue in 2025
- AUG012023
Hisense is updating its articles of association to comply with new regulations from the China Securities Regulatory Commission and amendments to Hong Kong Listing Rules. This move aims to enhance corporate governance through improved board independence and transparency.
+15
Business Practices and Ethical Responsibility
May 4
Hisense's action to revise its articles of association in response to updated regulatory guidelines demonstrates a commitment to better governance practices. By aligning with rules that promote the appointment of independent directors and increased transparency, the company is taking a positive step towards ethical business practices and reducing risks of opaque management, which can indirectly guard against authoritarian tendencies.
- JAN012023
In 2023, Hisense Home Appliances Group Co., Ltd. disclosed receiving approximately USD 28 million in government subsidies, as reported through its stock exchange filings. This financial support from the Chinese government can be seen as economic collaboration with an authoritarian regime.
-60
Economic Collaboration
May 4
The subsidy represents economic collaboration with the state, a characteristic of authoritarian regimes. By receiving significant government funding, Hisense is seen as aligning with state-directed economic policies, which from an anti-fascist perspective is a negative indicator.
China: Government subsidies for listed company ... - Global Trade Alert
- JAN012019
In 2019, Hisense received a 1.5 billion yuan (approximately $220 million USD) subsidy from the Qingdao government to support the development of its 5G technology. This infusion of state funds, alongside its complex ownership structure that includes state-owned shareholders, raises concerns about potential government influence over its operations and strategic decisions.
-50
Economic Collaboration
May 4
The 1.5 billion yuan government subsidy and the presence of state-owned shareholders illustrate a close relationship between Hisense and authoritarian state mechanisms. Such economic collaboration can lead to preferential access to resources and potential influence over corporate decision-making, aligning the company with state-driven agendas and raising concerns from an anti-authoritarian perspective.
Unraveling the Mystery: Is Hisense Owned by the Chinese Government?
- JAN012016
Baptist World Aid's 2016 Electronics Industry Trends report graded Hisense with an F, citing a critical lack of transparency in both labor practices and supply chain oversight. The report highlighted failures in disclosing labor rights management and in monitoring for forced and child labor, leaving consumers with little assurance that workers are protected.
-80
Labor Relations and Human Rights Practices
May 4
Hisense failed to provide any evidence of a robust labor rights management system, as noted in the report. The absence of clear policies and disclosure about working conditions contributes to a significant negative impact in terms of worker rights and safety.
Hisense, Palsonic fail Baptist World Aid's human rights test while 50 others scrape by
-70
Supply Chain Ethics
May 4
The evaluation found that Hisense did not disclose sufficient details about its supply chain practices. Lack of transparency in sourcing and monitoring components amplifies concerns about child labor and forced labor in its production process.
Hisense, Palsonic fail Baptist World Aid's human rights test while 50 others scrape by
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Corporate Financials
- Revenue
- 2025
- $22.00B
- Total Assets
- 2025
- $7.00B
- Operating Income
- 2025
- $1.50B
- Total Equity
- 2025
- $5.00B
Industries
- 334220
- Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
- 423620
- Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers
- 335224
- Household Cooking Appliance Manufacturing