2023-04-10 16:00Financial Performance - Haier Smart Home's global sales revenue increased by 7.2% to RMB243.514 billion in 2022, while net profit rose by 12.5% to RMB14.711 billion[13]. - Haier Smart Home reported operating revenue of RMB 243.51 billion in 2022, a year-on-year increase of 7.22% from RMB 227.56 billion in 2021[44]. - The net profit attributable to shareholders of the listed company was RMB 14.71 billion, reflecting a 12.48% increase from RMB 13.07 billion in 2021[44]. - Net cash flows from operating activities decreased by 13.26% to RMB 20.15 billion in 2022, down from RMB 23.13 billion in 2021[44]. - Total assets at the end of 2022 reached RMB 235.84 billion, an 8.31% increase from RMB 217.46 billion at the end of 2021[46]. - Net assets attributable to shareholders of the listed company increased by 16.80% to RMB 93.42 billion at the end of 2022, compared to RMB 79.81 billion at the end of 2021[46]. - The company declared a cash dividend of RMB5.66 per 10 shares, amounting to a total distribution of RMB5,297,529,553.10, which represents 36.01% of the net profit attributable to shareholders[4]. Market Expansion and Product Development - The company aims to enhance its market expansion strategies and invest in new product development to drive future growth[30]. - Haier Smart Home plans to enhance its supply chain and distribution resources to cater to the characteristics of each product category, particularly in small appliances[21]. - The company launched new product categories including tumble dryers, dishwashers, heat pumps, and home cleaning robots, contributing to revenue growth[60]. - Revenue from the smart home business in China grew by 4.6% to RMB 126.379 billion, driven by market share gains and distribution network expansion[63]. - The overseas market expansion leveraged global supply chains and R&D platforms, enhancing product offerings and price index[60]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[30]. Innovation and R&D - Future R&D will focus on IoT technology and advancements in energy efficiency, with specific developments aimed at appliances for the elderly and smart home management systems[19]. - The company is committed to sustainable practices and aims to reduce its environmental impact through innovative technologies[30]. - Haier Smart Home continues to focus on integrating advanced technologies in its product offerings to improve user experience and operational efficiency[30]. - The company has accumulated over 92,000 patent applications globally, including more than 59,000 invention patents, making it the Chinese home appliance enterprise with the largest number of overseas patents[174]. - The total number of R&D personnel is 24,647, making up 22% of the total employees[197]. - Haier Smart Home has increased its innovation investment and established a global leading R&D system, focusing on original technology to maintain industry-leading positions[199]. Sustainability and ESG Efforts - The company is committed to reducing carbon emissions and building a sustainable supply chain as part of its long-term strategy[15]. - The company's ESG efforts have been acknowledged with an MSCI ESG rating of BBB and a Wind ESG rating of AAA, positioning it as a leader in sustainability in China[147]. - Haier is actively implementing the ESG concept and completed the first domestic recycling interconnected factory in 2022, promoting green development across the industry chain[199]. Sales and Market Share - The overall retail market share in China increased by 2 percentage points to 27.2% in 2022[91]. - The refrigerator business achieved sales revenue of RMB43.199 billion in 2022, a year-on-year increase of 3.5%, with offline retail share rising 2.5 percentage points to 43.9%[64]. - The washing machine business achieved sales revenue of RMB31.614 billion, a year-on-year increase of 3.1%, with offline retail share rising 1.8 percentage points to 46%[73]. - In North America, sales revenue grew by 9.0%, despite a 6% decline in the core appliance industry[104]. - In Europe, revenue increased by 16.7% year-on-year to RMB 23.032 billion, with retail volume market share rising by 1 percentage point to 7.4%[110]. - The Casarte brand achieved a leading position in China's high-end major home appliance market in 2022, ranking first in retail sales for refrigerators, washing machines, and air conditioners[151]. Operational Efficiency - A bold transformation is planned to improve operational efficiency and free up financial resources for future investments in talent and technology[24]. - The company reduced the number of components by 17.5% and increased the proportion of common parts by 12% to improve procurement efficiency[100]. - The company achieved a 30% enhancement in loading efficiency of finished goods logistics through integrated logistics data[101]. - Selling expense ratio decreased by 0.3 percentage points to 15.9%, due to efficiency improvements from digitalization[61]. - Administrative expense ratio reduced by 0.2 percentage points to 4.5%, achieved through digitally enhanced operational processes[61]. - Financial expense ratio decreased by 0.4 percentage points to -0.1%, attributed to increased interest income and improved exchange risk management[61].