Sou Hu Cai Jing·2025-11-01 02:27Core Viewpoint - Pacific released a report on November 1, giving Haier Smart Home (600690.SH, latest price: 26.81 CNY) a "Buy" rating based on its strong financial performance and growth prospects in emerging markets and AI-driven operational improvements [1] Financial Performance - For the first three quarters of 2025, Haier Smart Home reported revenue of 234.05 billion CNY, an increase of 15.31% year-on-year, and a net profit attributable to shareholders of 17.37 billion CNY, up 14.64% [1] - In Q3 2025, the company achieved revenue of 77.56 billion CNY, reflecting a growth of 15.16%, with a net profit of 5.34 billion CNY, which is a 12.79% increase [1] - The adjusted net profit for Q3 2025 was 5.19 billion CNY, marking a 14.70% rise [1] Market and Operational Insights - The company is experiencing high growth in emerging markets, particularly in its air conditioning business [1] - AI and digital transformation initiatives are leading to operational efficiency and cost optimization [1]