Core Viewpoint - Haier Smart Home reported strong financial performance for Q3 2025, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - In Q3 2025, the company achieved revenue of 77.56 billion yuan, representing a year-on-year increase of 9.51% [1] - The net profit attributable to shareholders for Q3 2025 was 5.34 billion yuan, showing a year-on-year growth of 12.69% [1] - For the first three quarters of 2025, the company recorded total revenue of 234.05 billion yuan, which is a 9.98% increase compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters of 2025 reached 17.37 billion yuan, reflecting a year-on-year growth of 14.68% [1]

Core Insights - Haier Smart Home Co., Ltd. reported a strong performance for the first three quarters of 2025, achieving a revenue of 234.05 billion yuan, a year-on-year increase of 10%, and a net profit of 17.37 billion yuan, up 14.7%, marking a historical high [1] - The company attributes its success to three major transformations: enhancing the competitiveness of popular and suite products, advancing AI and digital transformation, and focusing on localized operations to upgrade its global operational system [1] Group 1: Product Strategy - Haier Smart Home has secured the top domestic market share by strengthening the competitiveness of popular products and enhancing suite offerings, resulting in a 9.5% revenue growth in the Chinese market for the first three quarters [2] - The company’s popular product series, such as the Lazy Washing Series, achieved sales of over 200,000 units, making it the top-selling model in its category, while the Leader brand saw revenue growth exceeding 25% [2][3] - Suite products like Casarte and Haier's offerings have significantly contributed to revenue, with Casarte suite sales accounting for 36% and Haier suite sales for 15% of total revenue [3] Group 2: Digital Transformation - The steady growth in performance is supported by ongoing digital transformation strategies across all processes, including R&D, manufacturing, supply chain, marketing, logistics, and services [5] - The company has improved operational efficiency by implementing a digital inventory model, with direct delivery orders to customers increasing to 74% [5] - Haier Smart Home has enhanced its digital marketing capabilities, resulting in a 17% year-on-year increase in its A3 user base and a 13% improvement in marketing ROI [5] Group 3: Global Operations - Despite challenges in developed markets, Haier Smart Home's overseas revenue grew by 10.5%, with stable operations in North America and expanding market share in Europe [6][7] - The company focuses on localized product development, launching energy-efficient appliances that exceed local standards, such as refrigerators and washing machines in Europe [7] - Haier Smart Home is enhancing its service and supply chain networks to improve local market responsiveness and customer experience, including the establishment of a major manufacturing base in Thailand [7]

Core Viewpoint - Haier Smart Home reported a revenue of 234,053,617,957.34 yuan for the first three quarters of 2025, reflecting a year-on-year growth of 9.98% [1] - The net profit attributable to shareholders reached 17,372,697,304.12 yuan, marking a year-on-year increase of 14.68% [1] Financial Performance - Revenue for the first three quarters of 2025: 234.05 billion yuan, up 9.98% year-on-year [1] - Net profit for the same period: 17.37 billion yuan, up 14.68% year-on-year [1]

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]

Core Viewpoint - The integration of corporate social responsibility with business models is essential for companies to gain respect, which in turn can enhance brand influence and market competitiveness, ensuring long-term sustainability [1][3]. Group 1: National Economic Development - The "14th Five-Year Plan" emphasizes focusing on the real economy, promoting intelligent, green, and integrated development, and aims to build a strong manufacturing, quality, aerospace, transportation, and network nation [2]. - The development of the real economy is fundamental to national growth, and companies play a crucial role in advancing commercial civilization and social progress [2]. Group 2: Characteristics of Respected Enterprises - Respected companies are distinguished not only by their successful business operations but also by their social responsibility, corporate culture, and brand value [3]. - The ongoing global business environment changes and increasing public expectations highlight the importance of earning respect over short-term profits for long-term survival [2][3]. Group 3: Expert Recommendations - BYD has been highly recommended by experts for its rapid global expansion and local production strategies, positioning itself among the top four global car manufacturers [9]. - Other companies like Keda Xunfei, Fuyao Glass, Haier Group, JD.com, Weichai Power, New Oriental, and Cambricon have also received expert recognition for their contributions and innovations [9][10][11]. - Experts noted that Keda Xunfei is leading in AI integration across various sectors, while Haier is recognized for its global outreach and commitment to sustainable practices [10][11]. Group 4: Public Perception of Respected Enterprises - The public identifies five key internal qualities for companies to be considered respected: establishing correct values, building a robust management system, continuous innovation, shaping a positive corporate citizen image, and providing high-quality products and services [15][16]. - Companies like Beijing Rural Commercial Bank, JD.com, and McDonald's exemplify these qualities through their commitment to social responsibility and brand value enhancement [16][17]. Group 5: Additional Notable Companies - Other respected companies include Moutai Group, Yili Group, and Nestle China, recognized for their high product quality and low carbon emissions [13]. - Traditional companies like Tongrentang and Li Ning have also been highlighted for their commitment to quality and innovation, contributing to their respected status [18].

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 ...