2022-10-30 16:00Financial Performance - In Q3 2022, Haier Smart Home achieved revenue of CNY 62.89 billion, a year-on-year increase of 8.6%[7] - The net profit attributable to shareholders reached CNY 3.72 billion, reflecting a growth of 20.3% compared to the same period last year[7] - For the first three quarters of 2022, the company reported a total revenue of CNY 184.75 billion, up 8.9% year-on-year, and a net profit of CNY 11.67 billion, an increase of 17.3%[6] - The gross margin for the first three quarters of 2022 reached 30.5%, an increase of 0.2 percentage points compared to the same period in 2021[20] - The company reported a comprehensive income total of ¥16.38 billion for Q3 2022, compared to ¥10.85 billion in Q3 2021, marking a significant increase of 51.0%[45] - Basic earnings per share for Q3 2022 were ¥1.25, up from ¥1.07 in Q3 2021, indicating a growth of 16.8%[46] Market Position and Share - The market share of Haier's refrigerators in offline retail reached 43.8%, an increase of 2.4 percentage points year-on-year, while online retail share was 39.1%[9] - Haier's washing machines maintained a leading market share of 46.3% in offline retail, with a 2.7 percentage point increase year-on-year[11] - The company's market share for home air conditioners reached 19.9% in offline retail and 14.5% in online retail, with year-on-year increases of 2.9 percentage points and 1.0 percentage point respectively[12] - The company maintained a leading market share in electric water heaters at 40% offline and 41.4% online, with year-on-year increases of 1.7 percentage points and 2.7 percentage points respectively[15] Cash Flow and Investments - The cash flow from operating activities for the first three quarters was CNY 11.21 billion, a decrease of 16.57% compared to the previous year[3] - The net cash flow from operating activities for the first three quarters of 2022 was RMB 11.205 billion, a decrease of RMB 2.226 billion compared to the same period in 2021; in Q3 2022 alone, the net cash flow increased by 5.1% year-on-year to RMB 5.241 billion, indicating a positive trend[25] - The net cash outflow from investing activities for the first three quarters of 2022 was RMB 7.262 billion, an increase of RMB 2.057 billion compared to the same period in 2021, primarily due to investments in financial products and increased capital expenditures[25] - The net cash outflow from financing activities for the first three quarters of 2022 was RMB 3.148 billion, significantly reduced from RMB 13.101 billion in the same period of 2021, mainly due to new H-share issuance and additional borrowings[25] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 229.61 billion, representing a 5.45% increase from the previous year[4] - The asset-liability ratio at the end of Q3 2022 was 59.5%, a decrease of 3.2 percentage points from the end of 2021, attributed to net profit growth and foreign currency translation effects[27] - The total liabilities of the company as of the reporting date were ¥136.60 billion, slightly up from ¥136.47 billion in the previous period[41] - The company's total liabilities decreased to CNY 45.79 billion as of September 30, 2022, compared to CNY 46.58 billion at the end of 2021[50] Strategic Initiatives - The company has expanded its high-end product offerings, with the sales of dryers increasing by 89% and dishwashers by over 20% year-on-year[8] - The company has made strategic acquisitions, including the full acquisition of Qingdao Haier Special Plastic Development Co., to enhance its market position[5] - Haier's digital transformation efforts have focused on improving user experience and operational efficiency, contributing to steady growth in a complex external environment[5] - The company added 32.25 million new members, representing a 64% growth in its user digital operation platform[19] Research and Development - Research and development expenses for the first three quarters of 2022 amounted to ¥7.45 billion, an increase of 20.1% from ¥6.20 billion in the same period of 2021[44] - Research and development expenses decreased to CNY 9,536,280.96 in 2022 from CNY 21,112,507.42 in 2021, a reduction of approximately 54.8%[53] Shareholder Information - The company had a total of 138,374 common shareholders at the end of the reporting period, with the top ten shareholders holding a combined 59.27% of shares[31] - The company completed the 2022 A-share and H-share employee stock ownership plans, with 1,500 holders receiving 7,617,080 shares and 32 holders receiving 1,292,349 shares based on performance evaluations[36]