Ge Long Hui·2026-03-26 16:05Group 1 - The core viewpoint of the articles highlights Haier Smart Home's significant financial performance in 2025, with global revenue surpassing 300 billion RMB for the first time, reaching 302.33 billion RMB, a year-on-year increase of 5.71% [1] - The net profit attributable to the parent company for 2025 was 19.55 billion RMB, reflecting a year-on-year growth of 4.39% [1] - The company generated a net cash flow from operating activities of 26.00 billion RMB, which is 1.33 times the net profit [1] Group 2 - Haier Smart Home maintained its leading position in the Chinese market, with market shares in core categories such as refrigerators at 47.7%, washing machines at 47.4%, and water heaters at 32.5% [1] - The air conditioning business showed strong performance, with online and offline market shares increasing by 0.6 and 1.8 percentage points year-on-year, respectively, and domestic revenue achieving double-digit growth [1] - The company leveraged its integrated logistics and service system to enhance direct engagement with retail points and consumers, enabling dealers to operate with lower assets and achieve growth against market trends [1] Group 3 - The company initiated a TC model transformation in its specialty store channel in April 2025 and expanded it across all channels in July, optimizing its delivery system and enhancing direct-to-consumer capabilities [2] - By the end of 2025, the average daily delivery volume reached 100,000 units, with the proportion of TC delivery orders increasing to 57%, indicating the effectiveness of the new model [2] - The coverage of 24-hour delivery service in the Chinese market expanded to 1,944 counties, an increase of 357 counties since the beginning of 2025 [2]