Core Insights - Haier Smart Home (600690.SH) reported a revenue of 302.347 billion yuan for the year 2025, representing a year-on-year growth of 5.71% [1] - The net profit attributable to shareholders reached 19.553 billion yuan, with a year-on-year increase of 4.39% [1] - The company proposed a cash dividend of 8.867 yuan per 10 shares (including tax) to all shareholders [1] Group 1: Refrigeration Industry - The global revenue for the refrigeration industry was 84.762 billion yuan, showing a year-on-year growth of 1.4% [1] - Revenue from emerging overseas markets in the refrigeration sector experienced rapid growth [1] - The domestic offline retail market share reached 47.7%, an increase of 3.6 percentage points year-on-year [1] Group 2: Kitchen Appliances Industry - The global revenue for the kitchen appliances industry was 41.538 billion yuan, reflecting a year-on-year growth of 0.9% [1] Group 3: Laundry Industry - The laundry industry faced high pressure, with diminishing returns from national subsidies, shifting market growth logic from policy-driven to product-driven [1] - The global revenue for the laundry industry was 65.565 billion yuan, with a year-on-year increase of 3.5% [1] Group 4: Smart HVAC Industry - The global revenue for the smart HVAC industry reached 72.356 billion yuan, marking a year-on-year growth of 10% [2] - Revenue from air smart solutions was 54.392 billion yuan, with a year-on-year increase of 9.6% [2] - Revenue from whole-house water solutions was 17.964 billion yuan, reflecting a year-on-year growth of 11.1% [2]