Core Viewpoint - Haier Smart Home is a leading player in the global home appliance industry and smart home solutions, with a strong focus on smart home products and solutions across the entire industry chain [1] Group 1: Business Performance - In Q3 2025, Haier Smart Home achieved a revenue of 2340.54 billion, ranking first in the industry, significantly surpassing the second-ranked Changhong Meiling's revenue of 253.93 billion [2] - The main business composition includes refrigerators at 425.17 billion (27.17%), air conditioners at 327.73 billion (20.94%), washing machines at 316.45 billion (20.22%), and kitchen appliances at 205.08 billion (13.10%) [2] - The net profit for the same period was 178.42 billion, also ranking first in the industry, far exceeding the second-ranked TCL's net profit of 18.17 billion [2] Group 2: Financial Health - As of Q3 2025, Haier Smart Home's debt-to-asset ratio was 56.48%, slightly up from 56.21% year-on-year, but still below the industry average of 65.32%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 27.21%, down from 30.85% year-on-year, yet still above the industry average of 15.61%, reflecting a competitive advantage in profitability [3] Group 3: Shareholder Information - As of September 30, 2020, the number of A-share shareholders decreased by 11.88% to 142,200, while the average number of circulating A-shares held per shareholder increased by 13.48% to 44,400 [5] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and China Securities Finance Corporation, with notable changes in shareholdings [5] Group 4: Future Outlook - Analysts expect Haier Smart Home's revenue for 2025 to reach 3111.07 billion, with net profits projected at 211.85 billion, and further growth anticipated in 2026 and 2027 [5][6] - The company is focusing on digital transformation to enhance efficiency and profitability, with significant growth in overseas markets and new product launches in the domestic market [6]

Core Viewpoint - The global home appliance industry is facing significant challenges due to intensified competition domestically and increasing external uncertainties, yet Haier Smart Home has reported better-than-expected financial results for the first three quarters of 2025, demonstrating strong operational resilience [1] Group 1: Financial Performance - For the first three quarters of 2025, Haier Smart Home achieved revenue of 234.05 billion yuan, a year-on-year increase of 10%, and a net profit attributable to shareholders of 17.37 billion yuan, up 14.7%, marking a historical high [1] - In Q3 alone, the company recorded revenue of 77.56 billion yuan, a 9.5% year-on-year growth, and a net profit of 5.34 billion yuan, reflecting a 12.7% increase [1] Group 2: Domestic Market Strategy - Haier Smart Home has secured the top market share in China by enhancing the competitiveness of its blockbuster products and strengthening its product suite, with revenue growth of 9.5% in the first three quarters and 10.8% in Q3 [2] - The company’s collaboration with users has led to the successful launch of popular products, such as the "Lazy Washing Series," which sold over 200,000 units, and the "Haier Mairang Refrigerator," which achieved rapid sales [2] Group 3: Product Suite and Market Share - The sales proportion of the Casarte suite products has increased to 36%, up 7 percentage points year-on-year, while Haier brand suite products have risen to 15%, an increase of 11 percentage points [3] - Haier's air conditioning business outperformed the industry with a 31% year-on-year sales growth from January to September, surpassing the total net revenue of 2024 within just nine months [3] Group 4: Digital Transformation - The company’s steady growth is attributed to its ongoing digital transformation strategy, which has optimized its cost structure by 0.2 percentage points in the first three quarters of 2025 [5] - Haier has improved operational efficiency through a digital inventory model and enhanced its marketing capabilities, resulting in a 44% year-on-year increase in brand search share [5] Group 5: Global Expansion - Despite challenges such as high inflation and weak demand in developed countries, Haier's overseas revenue grew by 10.5%, with significant growth in South Asia (over 25%) and Southeast Asia (over 15%) [6] - The company has focused on localization and upgraded its global operational system, launching energy-efficient products tailored to local markets, which has led to increased market share in Europe [6] Group 6: Supply Chain and Future Outlook - Haier is enhancing its global supply chain with a resilient network, including a new air conditioning manufacturing base in Thailand with an annual capacity of 6 million units [7] - The company is positioned to leverage market changes and user demands, indicating a promising outlook for future performance [7]

Core Insights - Haier Smart Home won two prestigious awards at the 2025 High-Quality Development Forum, reflecting strong recognition of its investment value and shareholder return capabilities [1][2] Investment Value - Haier Smart Home demonstrated robust growth resilience in the global market, achieving a revenue of 156.49 billion yuan in the first half of 2025, a year-on-year increase of 10.2%, and a net profit of 12.03 billion yuan, up 15.6% [2] - The company's overseas market revenue grew by 11.66% year-on-year, driven by a "global diversification + localization" strategy, contributing significantly to overall performance [2] Awards and Evaluation Process - The "Most Investment Value Award" was based on six dimensions, extracting 18 key indicators to select 120 winning companies, while the "Golden Bull Company Dividend Return Award" considered total dividends, dividend yield, and frequency, resulting in 60 awardees [3] Shareholder Returns - Haier Smart Home's dividend payout ratio reached 48.01% in 2024, significantly above the market average of 37.78%, with cumulative cash dividends of approximately 37.2 billion yuan since its A-share listing in 1993 [4] - The company's dual approach of value creation and shareholder return sets a benchmark for other listed companies, promoting a healthy ecosystem in the capital market [4]

智通财经APP讯，海尔智家(06690)发布2025年前三季度业绩，该集团取得营业收入2340.54亿元，同比 增长9.98%;归属于上市公司股东的净利润为173.73亿元，同比增长14.68%。基本每股收益1.89元。 ...

Core Insights - Haier Smart Home (06690.HK) reported a revenue of approximately RMB 77.56 billion for Q3 2025, representing a year-on-year increase of 9.51% [1] - The net profit for the same period was around RMB 5.34 billion, reflecting a year-on-year growth of 12.69% [1] - Basic earnings per share stood at RMB 0.59 [1] Financial Performance - For the first three quarters, the total revenue reached approximately RMB 202.97 billion, marking a year-on-year increase of 9.98% [1] - The net profit for the first three quarters was about RMB 17.37 billion, which is a year-on-year rise of 14.86% [1]

Haier Smart Home Co., Ltd.* 海爾智家股份有限公司 （於中華人民共和國註冊成立之股份有限公司） 股份代號：6690 2025年第三季度報告 本公告乃海爾智家股份有限公司（「本公司」）根據香港法例第571章《證券及期貨條例》 第XIVA部項下內幕消息條文及香港聯合交易所有限公司證券上市規則第13.09(2)條及 第13.10B作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 – 2 – 一、主要財務數據 （一） 主要會計數據和財務指標 單位：元 幣種：人民幣 本公司於2025年第三季度之財務數據乃根據中國企業會計準則編製並未經審計。合併 財務報表所載歸屬於母公司所有者的淨利潤及歸屬於母公司所有者權益與該等根據國 際財務報告準則編製的財務資料並無差異。 – 1 – 重要內容提示： 公司董事會及董事、高級管理人員保證季度報告內容的真實、準確、完整，不存在虛假記載、誤 導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 公司負責 ...

Financial Performance - In Q3 2025, the company achieved revenue of CNY 77.56 billion, a year-on-year increase of 9.51%, and a net profit attributable to shareholders of CNY 5.34 billion, up 12.69% compared to the same period last year[5]. - For the first three quarters of 2025, the company reported total revenue of CNY 234.05 billion, with a net profit attributable to shareholders of CNY 17.37 billion, reflecting growth rates of 9.98% and 14.68% respectively compared to the previous year[8]. - The gross margin for the first three quarters of 2025 reached 27.2%, an increase of 0.1 percentage points compared to the same period in 2024[22]. - Net profit for the first three quarters of 2025 was ¥17.84 billion, compared to ¥15.71 billion in 2024, representing a growth of about 13.5%[48]. - The company reported a total comprehensive income of ¥18.44 billion for the first three quarters of 2025, compared to ¥14.24 billion in 2024, marking an increase of about 29%[49]. Market Performance - The Chinese home appliance market saw a decline in retail sales of 3.2% in Q3 2025, while the company’s revenue in the Chinese market grew by 10.8% in the same period[9]. - The company’s high-end brand Casarte experienced a revenue growth of 18%, while the Leader brand saw a 25% increase in revenue during the first three quarters of 2025[9]. - The air and water business in North America saw over 20% year-on-year growth in Q3 2025, driven by new product launches and market expansion[16]. - In Europe, the HVAC business experienced over 30% year-on-year revenue growth in Q3 2025, with market share leading in Italy and Spain[18]. - South Asia's revenue grew over 25% year-on-year in the first three quarters of 2025, with significant brand engagement through local sports sponsorships[20]. Operational Efficiency - The company's gross profit margin improved to 4.63% in Q3 2025, an increase of 0.16 percentage points from the previous year[6]. - The digital inventory model has been implemented in 86% of county-level specialty stores, improving operational efficiency and increasing direct delivery orders from 26% to 74%[12]. - The inventory turnover days improved by 2.6 days to 70.4 days in the first three quarters of 2025, reflecting effective inventory management[26]. - The sales expense ratio for the first three quarters of 2025 was 10.6%, optimized by 0.1 percentage points compared to the same period in 2024[23]. Cash Flow and Investments - The company’s operating cash flow for the first three quarters of 2025 was CNY 17.49 billion, a 21.24% increase compared to the previous year[5]. - The cash inflow from investment activities significantly increased to ¥36.19 billion in 2025, compared to ¥14.27 billion in 2024, marking a growth of 153.5%[52]. - The cash paid for purchasing goods and services in the first three quarters of 2025 was ¥171.84 billion, an increase of 10.3% from ¥155.85 billion in the same period of 2024[51]. - The company reported a net cash outflow from investing activities of CNY 5,605,338,096.76, an improvement from a net outflow of CNY 10,216,384,728.25 in the same period last year[61]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 190,587[35]. - HKSCC NOMINEES LIMITED holds 2,313,404,393 shares, accounting for 24.66% of total shares[35]. - The company has repurchased 40,482,500 A shares, with a total repurchase amount of approximately 1.017 billion RMB[39]. Assets and Liabilities - The asset-liability ratio at the end of Q3 2025 was 56.5%, a decrease of 2.6 percentage points from the end of 2024[30]. - The total liabilities decreased to ¥164.66 billion in 2025 from ¥171.93 billion in 2024, a reduction of about 4.2%[45]. - The total assets increased slightly to ¥291.52 billion in 2025 from ¥290.74 billion in 2024, showing a marginal growth of 0.3%[45]. - The company's total liabilities increased to ¥119.85 billion as of September 30, 2025, compared to ¥71.77 billion at the end of 2024, representing a rise of 67.1%[55]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[63].

海尔智家10月29日大宗交易平台出现一笔成交，成交量117.75万股，成交金额3014.40万元，大宗交易成 交价为25.60元。该笔交易的买方营业部为中信证券股份有限公司北京天通苑证券营业部，卖方营业部 为中国国际金融股份有限公司北京建国门外大街证券营业部。 （文章来源：证券时报网） 进一步统计，近3个月内该股累计发生6笔大宗交易，合计成交金额为7680.51万元。 10月29日海尔智家大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 117.75 | 3014.40 | 25.60 | 0.00 | 中信证券股份有限公司 | 中国国际金融股份有限公司北 | | | | | | 北京天通苑证券营业部 | 京建国门外大街证券营业部 | 证券时报·数据宝统计显示，海尔智家今日收盘价为25.60元，上涨0.20%，日换手率为0.34%，成交额为 5.49亿元，全天主力资金净流入 ...

Core Viewpoint - Haier Smart Home experienced significant trading activity on October 28, with a total of 1.1775 million shares traded, amounting to 30.0851 million yuan, at a price of 25.55 yuan per share [2] Trading Activity Summary - On October 28, three block trades were executed for Haier Smart Home, with a total trading volume of 1.1775 million shares and a total transaction value of 30.0851 million yuan, all at a price of 25.55 yuan [2] - Over the past three months, the stock has seen a total of seven block trades, with a cumulative transaction value of 60.666 million yuan [2] Stock Performance Summary - The closing price for Haier Smart Home on the same day was 25.55 yuan, reflecting a decline of 1.35%, with a daily turnover rate of 0.58% and a total trading volume of 923 million yuan [2] - In the last five days, the stock has increased by 0.79%, but there has been a net outflow of funds totaling 22.1 million yuan [2] Margin Trading Data - The latest margin financing balance for Haier Smart Home is 1.311 billion yuan, which has decreased by 195 million yuan over the past five days, representing a decline of 12.97% [2]

Group 1 - Haier Smart Home's stock closed down 1.35% at 25.55 yuan, with three block trades totaling 1.1775 million shares and a transaction amount of 30.0851 million yuan [1] - Each of the three block trades occurred at the same price of 25.55 yuan, with no premium [1] - The buyer for all trades was China International Capital Corporation, while the seller was Ping An Securities [1] Group 2 - In the last three months, Haier Smart Home has had a total of five block trades, with a cumulative transaction amount of 46.6611 million yuan [2] - Over the past five trading days, the stock has increased by 0.79%, but there has been a net outflow of 240 million yuan in main funds [2]