Haier Smart Home (600690) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was RMB 69.704B, down 10.13% YoY; attributable net profit was RMB 4.682B, down 12.31%.

• 9M revenue reached RMB 221.819B, down 5.23% YoY, and attributable net profit was RMB 14.999B, down 13.67%.

• Organizational integration, supply-chain optimization, channel transformation and AI adoption advanced across operations.

Financial highlights

• Q3 total profit was RMB 5.507B, down 13.08% YoY; 9M total profit was RMB 18.578B, down 12.91%.

• Q3 attributable net profit excluding non-recurring items was RMB 3.520B, down 32.17% YoY; 9M was RMB 12.819B, down 24.11%.

• 9M operating profit was RMB 18.808B versus RMB 21.509B in 2025; net profit was RMB 15.624B versus RMB 17.842B.

• Basic EPS was RMB 0.52 in Q3, down 11.86% YoY; 9M basic EPS was RMB 1.64, down 13.23%.

Segment performance

• China online retail value share was 20.6% for Jan–Sep, up 2.9 percentage points YoY; offline share was 25.0%, up 1.7 points.

• North American core-appliance share expanded despite soft demand; pricing and Air & Water and Small Domestic Appliances growth partly offset weaker revenue.

• Core European markets achieved mid- to high-single-digit local-currency growth; refrigerator and laundry retail value shares gained 0.9 and 0.4 points YoY.

• Emerging markets grew strongly: India revenue growth was triple the industry average; Pakistan solar AC sales doubled; Vietnam high-end washing-machine share reached 25%.

• MEA single-quarter revenue in USD maintained steady growth.