Ge Long Hui A P P·2025-11-04 02:50Core Viewpoint - Haier Smart Home reported a strong performance in Q3 with revenue of 77.56 billion yuan, a year-on-year increase of 9.5%, and a net profit attributable to shareholders of 5.34 billion yuan, up 12.7% year-on-year. The company achieved a record high in both revenue and net profit for the first three quarters, indicating a solid position in the global home appliance market and a positive outlook for future profitability [1] Financial Performance - Q3 revenue reached 77.56 billion yuan, reflecting a 9.5% year-on-year growth [1] - Q3 net profit attributable to shareholders was 5.34 billion yuan, marking a 12.7% year-on-year increase [1] - For the first three quarters, total revenue was 234.05 billion yuan, up 10% year-on-year [1] - Net profit for the first three quarters was 17.37 billion yuan, representing a 14.7% year-on-year growth [1] Future Outlook - The company’s revenue and net profit for the first three quarters set historical records, reinforcing its leading position in the home appliance sector [1] - The firm is expected to continue benefiting from deepening digital reforms domestically and a strong push for high-end brand strategies overseas [1] - Profitability is anticipated to further improve, with net profit forecasts for 2025 to 2027 raised by 2.17%, 2.33%, and 3.36% respectively [1] Valuation Adjustments - The target price for Haier Smart Home's A-shares has been increased from 33.75 yuan to 35.56 yuan, while the H-shares target price has been adjusted from 31.95 HKD to 33.09 HKD [1] - The company is assigned a target price-to-earnings ratio of 14 times based on a 2.26-year outlook [1]