Why Hisense is no longer a state-owned company

The company's shareholding structure has changed in recent years under the mixed ownership reform, and it is no longer a state-controlled company.

1.With the deepening of China's economic reforms, Hisense has gradually shifted from a planned economy model to a market economy model, with more emphasis on market competition and efficiency orientation.

2. In the course of its development over the years, Hisense has not only confined itself to the home appliance manufacturing industry, but has also gradually expanded into a variety of fields such as smart phones, electronic information and real estate. This business diversification and expansion makes Hisense no longer meet the definition of a traditional state-owned enterprise.

3, Hisense has carried out mixed ownership reform. After the completion of the mixed reform, the proportion of state-owned shares decreased, and Hisense Electronics Holdings thus became a non-state-controlled enterprise.