Core Viewpoint - Haier Smart Home (600690.SH) reported a revenue of 302.347 billion yuan for the year 2025, reflecting a year-on-year growth of 5.71% [1] - The net profit attributable to shareholders reached 19.553 billion yuan, marking a year-on-year increase of 4.39% [1] - The net profit excluding non-recurring items was 18.604 billion yuan, with a year-on-year growth of 4.49% [1] - The company plans to distribute a cash dividend of 8.867 yuan per share to all shareholders [1] Financial Performance - Total revenue for 2025: 302.347 billion yuan, up 5.71% year-on-year [1] - Net profit attributable to shareholders: 19.553 billion yuan, up 4.39% year-on-year [1] - Net profit excluding non-recurring items: 18.604 billion yuan, up 4.49% year-on-year [1] Dividend Announcement - Proposed cash dividend: 8.867 yuan per share for all shareholders [1]

Core Viewpoint - Hisense Home Appliances (000921)(00921) experienced a nearly 6% decline in stock price, attributed to weaker performance in central air conditioning and fluctuations in exports, impacting Q3 revenue and net profit [1] Financial Performance - For the first three quarters, the company achieved operating revenue of 71.5327 billion yuan, a year-on-year increase of 1.35% [1] - The net profit attributable to shareholders was 2.8118 billion yuan, up 0.67% year-on-year [1] - In Q3 alone, revenue reached 22.19 billion yuan, reflecting a 1.16% year-on-year increase [1] - The net profit for Q3 was 740 million yuan, showing a decrease of 5.4% year-on-year [1] Market Analysis - Huatai Securities noted that the company's Q3 performance was under pressure due to weak central air conditioning sales and export volatility [1] - Industrial Online statistics indicated that in July-August 2025, sales of Hisense multi-split air conditioners increased by 2.1% year-on-year, with domestic sales up 2.7% and export sales down 3.1% [1] - In Q3 2025, Hisense's home air conditioner sales rose by 4.7% year-on-year, with domestic sales increasing by 40.7% while export sales decreased by 19.8% [1] - Refrigerator sales in July-August 2025 saw a year-on-year increase of 3.4%, with domestic sales up 25.9% and export sales down 7.6% [1] - Overall, the company is expected to maintain stable domestic sales performance, with white goods performing better than central air conditioning, while exports face short-term pressure [1]