智通财经网·2026-03-27 08:24Core Viewpoint - The report from Credit Lyonnais indicates a downward revision of Haier Smart Home's profit forecasts for the next two years due to weakening demand in China and the United States, while maintaining a positive outlook on the company's high-end positioning [1] Financial Performance - Haier Smart Home's revenue in Q4 of last year decreased by 7% year-on-year to 68 billion RMB [1] - Net profit fell by 39% to 2.2 billion RMB, which was below the expectations of Credit Lyonnais [1] - Revenue in the Chinese market dropped by 15% year-on-year, primarily due to the early release of demand from the trade-in policy [1] Market Conditions - Sales in the U.S. remained relatively flat; however, the company was unable to pass on rising costs, including tariffs, to consumers, resulting in a significant decline in profit margins [1] Target Price Adjustments - The target price for Haier Smart Home's A-shares was lowered from 34 RMB to 28 RMB [1] - The target price for H-shares was reduced from 32 HKD to 25 HKD [1] Investment Rating - Credit Lyonnais maintains a "Outperform" rating for Haier Smart Home, indicating confidence in the company's potential to recover once it navigates through the current cyclical downturn in China and the U.S. [1]