Haier Smart Home Co., Ltd. engages in the research, development, production, and sales of smart home appliances.
Profile & Fundamentals
Haier Smart Home: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Haier Smart Home Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Haier Smart Home Co., Ltd. engages in the research, development, production, and sales of smart home appliances. It operates through five segments: Home Cooking Solutions; Air Energy Solutions; Household Laundry and Care of Washing Machines and Dyers; Whole-Home Water Solutions; and Other Businesses. The company provides refrigerators/freezers, air conditioners, water heaters, laundry equipment, kitchen and small appliances, and smart home solutions. It also offers logistics services, fluorine-free refrigerators, dishwashers and gas stoves, communications and network engineering technologies, and industrial product design and prototype production services; manufacture and sale of plastic parts, precise plastics, plastic powder and sheet, and coatings; assembly and sales of plastics and electronics products; wholesale and retail of medical equipment; and develops and sells software and information product. In addition, the company engages in the sale of digital products, international freight forwarding; software development; technological development; IoT technology and application services; scientific research and technical service; and residential interior decoration, professional construction works, and equipment installation. Further, it offers urban distribution and transportation services; import and export of goods, technology, and food business; professional cleaning; waste treatment; professional cleaning and daily necessities; and energy saving technology. Additionally, the company is involved in house leasing and maintenance; venture capital investment and consultation; smart bathroom; air-conditioning equipment manufacturing; software development; research, development, and sales of lighting appliances; and lease and commercial business services. The company was formerly known as Qingdao Haier Co., Ltd. and changed its name to Haier Smart Home Co., Ltd. in June 2019. Haier Smart Home Co., Ltd. was founded in 1984 and is headquartered in Qingdao, China.
Company profile record
Haier Smart Home Co Ltd
Common Stock · Consumer Discretionary · Home Furnishings
Company
- Company / asset
- Haier Smart Home Co Ltd
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Home Furnishings
- HQ
- 🇨🇳 China
- Head office
- Haier Information Industry Park, Qingdao, China
Leadership & scale
- Chief executive
- Mr. Huagang Li
- CEO year born
- 1969
- Full-time employees
- 135K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- HKD 182.2B
- P/E
- 9.1x
- Revenue (Q2 26)
- CNY 78.1B
- Profit (Q2 26)
- CNY 5.7B
- Dividend Yield
- 6.6%
- Revenue (FY 25)
- CNY 302.3B
- Shares in public float
- 5.5B
- Insider ownership
- 19%
Reporting & identifiers
- Symbol
- 6690.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- CNE1000048K8
- Asset ID
- equity_78949a37-2de6-5bab-a465-05a33a4f8eaa
Ownership
Shares Outstanding
Latest: 9.1B | Max: 9.4B | Min: 4.9B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
60.31%
5.5B latest reported shares
Insider Ownership
19.00%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 6,093,656,900 |
| 2018-01-01 | 4,949,982,700 |
| 2019-01-01 | 6,364,056,700 |
| 2020-01-01 | 8,756,832,500 |
| 2021-01-01 | 9,255,381,300 |
| 2022-01-01 | 9,370,015,000 |
| 2023-01-01 | 9,318,701,600 |
| 2024-01-01 | 9,384,063,300 |
| 2025-01-01 | 9,378,021,000 |
| 2026-01-01 | 9,136,938,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The latest financial statements reveal an underlying business that is far steadier than headline earnings suggest. For fiscal 2025, global revenue surpassed CNY 302 billion while net profit reached a record CNY 19.55 billion. First-half 2026 results appeared to show a sharp profit drop of roughly 14%. However, forensic examination reveals that non-operating currency translation losses accounted for almost the entire decline, while underlying gross profit dropped by only 1.3%. Operating cash flow remained exceptionally robust, easily exceeding accounting profits. This cash generation confirms that day-to-day operations remain healthy, insulated by recurring appliance replacement purchases rather than speculative real estate activity.
The latest financial statements reveal an underlying business that is far steadier than headline earnings suggest. For fiscal 2025, global revenue surpassed CNY 302 billion while net profit reached a record CNY 19.55 billion. First-half 2026 results appeared to show a sharp profit drop of roughly 14%. However, forensic examination reveals that non-operating currency translation losses accounted for almost the entire decline, while underlying gross profit dropped by only 1.3%. Operating cash flow remained exceptionally robust, easily exceeding accounting profits. This cash generation confirms that day-to-day operations remain healthy, insulated by recurring appliance replacement purchases rather than speculative real estate activity.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 302.3B | Max: CNY 302.3B | Min: CNY 5.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 11x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Consolidated gross margins held steady near 26.7%, while operating margins remained resilient at 7.85%. Although elevated prices for copper, plastic resins, and international freight created periodic cost pressure, strong pricing power from the premium Casarte brand successfully defended domestic profitability against industry price wars. While overseas operating margins currently trail domestic benchmarks due to higher Western labor overhead, ongoing factory automation and digital supply-chain optimization are narrowing the gap. The long-term margin story is one of structural product-mix improvement overcoming temporary macroeconomic and cost inflation headwinds.
Consolidated gross margins held steady near 26.7%, while operating margins remained resilient at 7.85%. Although elevated prices for copper, plastic resins, and international freight created periodic cost pressure, strong pricing power from the premium Casarte brand successfully defended domestic profitability against industry price wars. While overseas operating margins currently trail domestic benchmarks due to higher Western labor overhead, ongoing factory automation and digital supply-chain optimization are narrowing the gap. The long-term margin story is one of structural product-mix improvement overcoming temporary macroeconomic and cost inflation headwinds.
Profitability Margins
Latest: 26.7% | Max: 31.3% | Min: 4.1%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
26.7%
Gross profit / revenue
Operating Margin
7.8%
Operating income / revenue
Net Margin
6.5%
Net income / revenue
FCF Margin
5.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 15,363,332,284 | 649,890,611.61 | 704,092,280.77 |
| 2017-12-31 | 24,463,051,752.53 | 1,063,869,788.17 | 1,861,663,151.31 |
| 2018-12-31 | 26,644,848,871.51 | 1,081,428,612.65 | 1,769,944,248.84 |
| 2019-12-31 | 28,845,112,536.78 | 1,772,182,832.9 | 1,277,088,777.59 |
| 2020-12-31 | 32,117,277,350.54 | 1,360,356,669.98 | 1,504,653,552.99 |
| 2021-12-31 | 35,779,267,864.47 | 2,056,421,464.94 | 2,477,548,991.19 |
| 2022-12-31 | 35,291,820,821.74 | 2,132,181,849.71 | 1,731,743,658.7 |
| 2023-12-31 | 33,473,467,739.95 | 2,125,046,740.72 | 2,162,739,212.68 |
| 2024-12-31 | 36,805,820,463.32 | 2,411,984,555.98 | 2,119,887,387.39 |
| 2025-12-31 | 43,254,189,413.45 | 2,797,252,932.76 | 2,478,798,998.57 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 10.73 | Trailing four quarters |
| 2024-12-31 | 13.15 | Trailing four quarters |
| 2023-12-31 | 11.53 | Trailing four quarters |
| 2022-12-31 | 14.97 | Annual net income |
| 2021-12-31 | 18.98 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 31.02 | 5.98 | 4.23 | 4.58 |
| 2017-12-31 | 31 | 6.35 | 4.35 | 7.61 |
| 2018-12-31 | 29 | 6.21 | 4.06 | 6.64 |
| 2019-12-31 | 29.83 | 7.2 | 6.14 | 4.43 |
| 2020-12-31 | 29.68 | 6.48 | 4.24 | 4.68 |
| 2021-12-31 | 31.23 | 6.98 | 5.75 | 6.92 |
| 2022-12-31 | 31.33 | 7.33 | 6.04 | 4.91 |
| 2023-12-31 | 31.09 | 7.6 | 6.35 | 6.46 |
| 2024-12-31 | 27.8 | 8.01 | 6.55 | 5.76 |
| 2025-12-31 | 26.66 | 7.85 | 6.47 | 5.73 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-24.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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