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Haier Smart Home Co (600690) investor relations material

Haier Smart Home Co Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary30 Oct, 2025

Executive summary

  • Revenue for 3Q2025 reached RMB 77.56 bn, up 9.51% year-over-year; net profit was RMB 5.34 bn, up 12.69% year-over-year.

  • For the first nine months of 2025, revenue was RMB 234.05 bn (+9.98% YoY), net profit attributable to shareholders was RMB 17.37 bn (+14.68% YoY), and adjusted net profit was RMB 16.89 bn (+15.03% YoY).

  • Growth was driven by innovation, digital transformation, and strong performance in both domestic and overseas markets.

Financial highlights

  • Basic EPS for 3Q2025 was RMB 0.59 (+15.69% YoY); for 9M2025, RMB 1.89 (+15.24% YoY).

  • Gross profit margin for 9M2025 was 27.2%, up 0.1 percentage points YoY.

  • Net cash flow from operating activities for 9M2025 was RMB 17.49 bn, up RMB 3.06 bn YoY.

  • Gearing ratio at end-3Q2025 was 56.5%, down 2.6 percentage points from end-2024.

Outlook and guidance

  • Domestic market expected to remain competitive; focus on innovation, digitalization, and premiumization to drive growth.

  • Overseas strategy centers on localization, premium product mix, and supply chain resilience.

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Frequently asked questions

Haier Smart Home Co., Ltd., formerly known as Qingdao Haier Co., Ltd., is a company that specializes in the development, production, and sale of smart home appliances. The company offers a wide range of products including refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances, and small home appliances. It is also involved in providing integrated smart home solutions and operates through business segments that include China Smart Home Business, Overseas Home Appliance and Smart Home Business, and Other Business. Additionally, Haier Smart Home is engaged in various service businesses encompassing logistics and distribution of home appliances. The company's products are distributed both domestically and internationally. The company is headquartered in Qingdao, China, and its shares are listed on the Hong Kong Stock Exchange.

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