Announcement • Mar 30
Haier Smart Home Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Haier Smart Home Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 28
Haier Smart Home Co., Ltd. Proposes Dividend for the Year 2025 Haier Smart Home Co., Ltd. proposed cash dividend of RMB8.867 will be distributed for every 10 shares for the year 2025. Announcement • Mar 27
Haier Smart Home Co., Ltd. (SHSE:600690) announces an Equity Buyback for CNY 6,000 million worth of its shares. Haier Smart Home Co., Ltd. (SHSE:600690) announces a share repurchase program. Under the program, the company will repurchase up to CNY 6,000 million worth of its A shares. The shares will be repurchased at a price of CNY 35 per share. The purpose of the repurchase is to implement the employee share ownership plan. Shares not used within 3 years after the completion of the repurchase will be cancelled. The funding will come from the company's own funds and/or self-raised funds((including special loan funds). The program will be valid for a period of 12 months. Announcement • Mar 26
Haier Smart Home Co., Ltd., Annual General Meeting, Jun 24, 2026 Haier Smart Home Co., Ltd., Annual General Meeting, Jun 24, 2026, at 14:00 China Standard Time. Location: Qianyuan, Haier Science and Technology Innovation Ecological Park, Laoshan District, Qingdao, Shandong China Announcement • Dec 26
Haier Smart Home Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Haier Smart Home Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Aug 29
Haier Smart Home Co., Ltd., Annual General Meeting, Oct 16, 2025 Haier Smart Home Co., Ltd., Annual General Meeting, Oct 16, 2025, at 14:00 China Standard Time. Announcement • Jun 24
Haier Smart Home Co., Ltd.(SHSE:600690) dropped from Shanghai Stock Exchange 180 Value Index Haier Smart Home Co., Ltd. removed Announcement • Apr 03
Haier Smart Home Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Haier Smart Home Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Mar 29
Haier Smart Home Co., Ltd., Annual General Meeting, May 28, 2025 Haier Smart Home Co., Ltd., Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Location: Rendanheyi Research Center, Haier Information Industry Park, Qingdao, Shandong China Announcement • Mar 28
Haier Smart Home Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Haier Smart Home Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Feb 07
Haier Smart Home Co., Ltd. to Report First Half, 2025 Results on Aug 31, 2025 Haier Smart Home Co., Ltd. announced that they will report first half, 2025 results on Aug 31, 2025 Announcement • Dec 27
Haier Smart Home Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Haier Smart Home Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Dec 04
Haier Smart Home Co., Ltd. (SHSE:600690) completed the acquisition of Kwikot Limited from AB Electrolux (publ) (OM:ELUX B). Haier Smart Home Co., Ltd. (SHSE:600690) agreed to acquire Kwikot Limited from AB Electrolux (publ) (OM:ELUX B) on July 18, 2024. Kwikot Limited is to be acquired for the enterprise value of ZAR 2.4 billion. Net sales in 2023 related to this business amounted to approximately ZAR 1.9 billion.
The transaction is subject to regulatory approval and is expected to complete in fourth quarter of 2024. ING Bank N.V., Shanghai Branch acted as financial advisor to Haier Smart Home Co., Ltd. James Chang, Werner Rysbergen, Johannes Gouws, Nathan Bush, Livia Dyer, Andrew Lewis of DLA Piper UK LLP Shanghai Representative Office and DLA Piper South Africa Services (Pty) Ltd acted as legal advisor to Haier Smart Home Co., Ltd. SG Corporate & Investment Banking acted as the financial advisor to AB Electrolux. Winstanley Inc. provided environmental law advice in the transaction.
Haier Smart Home Co., Ltd. (SHSE:600690) completed the acquisition of Kwikot Limited from AB Electrolux (publ) (OM:ELUX B) on December 3, 2024. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.51 (vs CN¥0.45 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.51 (up from CN¥0.45 in 3Q 2023). Revenue: CN¥67.3b (flat on 3Q 2023). Net income: CN¥4.73b (up 13% from 3Q 2023). Profit margin: 7.0% (up from 6.2% in 3Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 09
Now 23% undervalued Over the last 90 days, the stock has risen 16% to CN¥31.14. The fair value is estimated to be CN¥40.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 9.2%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 9.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥32.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.30 per share. Announcement • Sep 30
Haier Smart Home Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Haier Smart Home Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.54 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.54 in 2Q 2023). Revenue: CN¥66.6b (flat on 2Q 2023). Net income: CN¥5.65b (up 13% from 2Q 2023). Profit margin: 8.5% (up from 7.5% in 2Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 14
Dividend of CN¥0.80 announced Shareholders will receive a dividend of CN¥0.80. Ex-date: 16th August 2024 Payment date: 16th August 2024 Dividend yield will be 3.2%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 19
Haier Smart Home Co., Ltd. (SHSE:600690) agreed to acquire Kwikot Limited from AB Electrolux (publ) (OM:ELUX B). Haier Smart Home Co., Ltd. (SHSE:600690) agreed to acquire Kwikot Limited from AB Electrolux (publ) (OM:ELUX B) on July 18, 2024. Kwikot Limited is to be acquired for the enterprise value of ZAR 2.4 billion. Net sales in 2023 related to this business amounted to approximately ZAR 1.9 billion.
The transaction is subject to regulatory approval and is expected to complete in fourth quarter of 2024. ING Bank N.V., Shanghai Branch acted as financial advisor for Haier Smart Home Co., Ltd. DLA Piper UK LLP Shanghai Representative Office acted as legal advisor for Haier Smart Home Co., Ltd. Buy Or Sell Opportunity • Jul 01
Now 27% undervalued Over the last 90 days, the stock has risen 9.4% to CN¥28.39. The fair value is estimated to be CN¥38.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Jun 28
Haier Smart Home Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Haier Smart Home Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 21
Haier Smart Home Co., Ltd. Approves Final Cash Dividend for the Year Ended 31 December 2023, Payable on or Around 16 August 2024 Haier Smart Home Co., Ltd. at its AGM held on June 20, 2024 approved payment of final cash dividend for the year ended 31 December 2023 of RMB 8.04 (tax inclusive) per 10 Shares (the ``Final Dividend'') to the Shareholders whose names appear on the register of members of the Company on 19 July 2024. The Final Dividend will be distributed on or around 16 August 2024 and denominated and announced in RMB, of which A Shareholders will be paid in RMB and H Shareholders will be paid in HK dollars. The actual amount of HK dollars to be paid is calculated at the average benchmark exchange rate of RMB against HK dollars (i.e. RMB 0.910980 = HKD 1.00) published by the People's Bank of China for a week prior to the announcement of dividend and payment decision (i.e. 20 June 2024). Accordingly, the cash dividend per 10 H Shares is HKD 8.825660 (tax inclusive). Where the total share capital of the Company changes before the registration date for the implementation of the equity distribution, it is expected to maintain the total distribution unchanged and adjust the distribution ratio per Share accordingly. For H Shareholders, the Company would pay the declared Final Dividend to the receiving agent for their onward payment to H Shareholders. The dividend is expected to be paid to the relevant Shareholders by the receiving agent on or around 16 August 2024, and the relevant cheques will be despatched on the same day to H Shareholders who are entitled to receive such dividend by ordinary post while the risk of the delivery shall be borne by the receivers. In order to determine the list of the H Shareholders who are entitled to receive cash dividend, the H Shares register of members of the Company will be closed from 17 July 2024 to 19 July 2024 (both days inclusive). To be eligible to receive the above said cash dividend, the relevant share certificates together with all transfer documents must be lodged with the Company's H Share registrar, Tricor Investor Services Limited at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong by the H Shareholders at or before 4: 30 p.m. on 16 July 2024. Ex-dividend date is 15 July 2024. Buy Or Sell Opportunity • Jun 20
Now 20% undervalued Over the last 90 days, the stock has risen 26% to CN¥29.43. The fair value is estimated to be CN¥36.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • May 31
Now 21% undervalued Over the last 90 days, the stock has risen 21% to CN¥29.54. The fair value is estimated to be CN¥37.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 7.7%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.43 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.43 in 1Q 2023). Revenue: CN¥69.0b (up 6.0% from 1Q 2023). Net income: CN¥4.77b (up 20% from 1Q 2023). Profit margin: 6.9% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Haier Smart Home Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Haier Smart Home Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 29
Haier Smart Home Co., Ltd., Annual General Meeting, Jun 20, 2024 Haier Smart Home Co., Ltd., Annual General Meeting, Jun 20, 2024, at 14:00 China Standard Time. Location: Rendanheyi Research Center, Haier Science and Technology Innovation Ecological Park Laoshan District, Qingdao Qingdao China Agenda: To Consider and Approve 2023 Financial Statements; to Consider and Approve 2023 Report on the Work of the Board of Directors; to Consider and Approve 2023 Report on the Work of the Board of Supervisors; to Consider and Approve 2023 Annual Report and Annual Report Summary; to Consider and Approve 2023 Audit Report on Internal Control; to Consider and Approve 2023 Profit Distribution Plan; to Consider and Approve the Resolution on Formulation of the Shareholder Return Plan for the Next Three Years; to Consider and Approve the Resolution on Amendments to Management System of Entrusted Wealth Management and to consider other matters. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥1.79 (vs CN¥1.58 in FY 2022) Full year 2023 results: EPS: CN¥1.79 (up from CN¥1.58 in FY 2022). Revenue: CN¥261.4b (up 7.4% from FY 2022). Net income: CN¥16.6b (up 13% from FY 2022). Profit margin: 6.3% (up from 6.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Haier Smart Home Co., Ltd. Proposes Final Dividend for the Year Ended 31 December 2023 Haier Smart Home Co., Ltd. proposed final dividend for the year Ended 31 December 2023 of RMB 8.04 per 10 share. Date of shareholders' approval is 20 June 2024. Announcement • Dec 29
Haier Smart Home Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Haier Smart Home Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.40 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.40 in 3Q 2022). Revenue: CN¥67.0b (up 6.6% from 3Q 2022). Net income: CN¥4.19b (up 13% from 3Q 2022). Profit margin: 6.2% (up from 5.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.54 (vs CN¥0.47 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.54 (up from CN¥0.47 in 2Q 2022). Revenue: CN¥66.6b (up 8.0% from 2Q 2022). Net income: CN¥4.99b (up 13% from 2Q 2022). Profit margin: 7.5% (up from 7.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 21
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥28.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Jul 04
Now 21% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be CN¥29.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Announcement • Jun 28
Haier Smart Home Co., Ltd. Approves Final Cash Dividend for the Year Ended 31 December 2022, Payable on or Around 25 August 2023 Haier Smart Home Co., Ltd. at its AGM held on June 26, 2023, approved to distribute a cash dividend for the year ended 31 December 2022 of RMB 5.66 (tax inclusive) per 10 Shares (Final Dividend') to the Shareholders whose names appear on the register of members of the Company on 28 July 2023. The Final Dividend will be distributed on or around 25 August 2023. Ex-dividend date is 24 July 2023. Buying Opportunity • May 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥28.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥1.58 (vs CN¥1.41 in FY 2021) Full year 2022 results: EPS: CN¥1.58 (up from CN¥1.41 in FY 2021). Revenue: CN¥243.5b (up 7.0% from FY 2021). Net income: CN¥14.7b (up 13% from FY 2021). Profit margin: 6.0% (up from 5.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Qi Wu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.33 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.40 (up from CN¥0.33 in 3Q 2021). Revenue: CN¥62.9b (up 7.8% from 3Q 2021). Net income: CN¥3.72b (up 21% from 3Q 2021). Profit margin: 5.9% (up from 5.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.41 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.47 (up from CN¥0.41 in 2Q 2021). Revenue: CN¥61.6b (up 8.4% from 2Q 2021). Net income: CN¥4.43b (up 17% from 2Q 2021). Profit margin: 7.2% (up from 6.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.9%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.38 (vs CN¥0.33 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.38 (up from CN¥0.33 in 1Q 2021). Revenue: CN¥60.3b (up 10.0% from 1Q 2021). Net income: CN¥3.52b (up 15% from 1Q 2021). Profit margin: 5.8% (up from 5.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.2%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥1.41 (vs CN¥1.34 in FY 2020) Full year 2021 results: EPS: CN¥1.41 (up from CN¥1.34 in FY 2020). Revenue: CN¥227.6b (up 8.5% from FY 2020). Net income: CN¥13.1b (up 47% from FY 2020). Profit margin: 5.7% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.4%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Sep 02
Second quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.26 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥56.8b (up 8.1% from 2Q 2020). Net income: CN¥3.80b (up 122% from 2Q 2020). Profit margin: 6.7% (up from 3.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 13
Independent Non-Executive Director Deming Dai has left the company On the 30th of June, Deming Dai's tenure as Independent Non-Executive Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Deming's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥54.8b (up 27% from 1Q 2020). Net income: CN¥3.05b (up 185% from 1Q 2020). Profit margin: 5.6% (up from 2.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Executive Departure • Mar 31
Vice Chairman Li Xia Tan has left the company On the 30th of March, Li Xia Tan's tenure in the role of Vice Chairman ended. As of December 2020, Li Xia personally held 8.90m shares (CN¥260m worth at the time). Li Xia is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥1.34 (vs CN¥1.25 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥209.7b (up 4.5% from FY 2019). Net income: CN¥8.88b (up 8.2% from FY 2019). Profit margin: 4.2% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥29.52, the stock is trading at a trailing P/E ratio of 28.2x, down from the previous P/E ratio of 33.3x. This compares to an average P/E of 32x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 58%. Is New 90 Day High Low • Jan 25
New 90-day high: CN¥35.31 The company is up 47% from its price of CN¥24.06 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.25 per share. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥31.78 The company is up 46% from its price of CN¥21.82 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.62 per share. Is New 90 Day High Low • Nov 17
New 90-day high: CN¥29.10 The company is up 25% from its price of CN¥23.28 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.16 per share. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to CN¥28.90, the stock is trading at a trailing P/E ratio of 27.4x, up from the previous P/E ratio of 23.6x. This compares to an average P/E of 37x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 60%. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥6.89b, down 23% from the prior year. Total revenue was CN¥204.9b over the last 12 months, up 4.5% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 8.2% at CN¥58.7b. Revenue is forecast to grow 8.2% over the next year, compared to a 15% growth forecast for the Consumer Durables industry in China. Is New 90 Day High Low • Oct 29
New 90-day high: CN¥25.31 The company is up 41% from its price of CN¥18.00 on 30 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.40 per share. Announcement • Oct 20
Haier Smart Home Co., Ltd. to Report Q3, 2020 Results on Oct 29, 2020 Haier Smart Home Co., Ltd. announced that they will report Q3, 2020 results on Oct 29, 2020 Announcement • Oct 18
Haier Smart Home Introduces Upgraded Products and Next-Generation Smart Home Solutions Haier Smart Home is introducing upgraded products and next-generation smart home solutions integrated with IoT to global customers at the 128th virtual Canton Fair that started on October 15. Haier's virtual exhibition adopted VR, cloud computing, big data and AI technologies to bring an experience as close to visiting the actual fair booth as possible. Haier is hosting several virtual showrooms, presenting new products and services while giving global buyers opportunities to virtually interact and find out more. Global visitors are invited to experience Haier's smart home solutions and how they meet the users' needs comprehensively in the areas of cooking, living, clothing and entertainment. A highlight of Haier's virtual exhibition is the food IoT ecosystem covering kitchen-related scenarios. The integration of appliances, grocery supply, logistics, training and more will provide users with a richer experience of smart cooking and dining. By working with Haier's partners within its smart home ecosystem, the users' daily needs of shopping, food storage, cooking, cleaning and safety can be met. Haier will introduce two health and wellness scenarios involving clean air-conditioning and clean air, as well as a pleasant sleeping experience in smart bedrooms. In addition to the voice control features, Haier's new range of air-conditioners will have a degerming function that sterilizes the appliance at the temperature of 56 degrees Celsius for 30 minutes, which saves the hassle of physically cleaning the air-conditioner. Meanwhile, Haier also features smart solutions for laundry and at-home workout. The new washing and drying machines will be able to identify clothes, shoes and garments and choose appropriate cleaning programs automatically. Announcement • Aug 01
Haier Smart Home Co., Ltd. (SHSE:600690) signed an agreement to acquire 54.3% stake in Haier Electronics Group Co., Ltd. (SEHK:1169) for HKD 51.9 billion. Haier Smart Home Co., Ltd. (SHSE:600690) signed an agreement to acquire 54.3% stake in Haier Electronics Group Co., Ltd. (SEHK:1169) for HKD 51.9 billion on July 30, 2020. Under the terms of transaction, each shareholder of Haier Electronics Group will be untitled to have 1.6 new Haier Smart Home H shares and cash payment of HKD 1.95 per shares, is equivalent to approximately HKD 31.51 for each Scheme Share. Fractional entitlements of scheme shareholders to Haier Smart Home H Shares will be aggregated and retained for the benefit. An Independent Board Committee of all non-executive directors and independent non-executive directors of Haier Electronics Group who are not interested in scheme has been established to make a recommendation to the Disinterested Scheme Shareholders. The transaction is subject to customary closing conditions, including approval of the Scheme by majority shareholders, approval by Disinterested Scheme Shareholders holding at least 75% of the votes attaching to the Disinterested Scheme Shares that are voted either in person or by proxy at the Court Meeting, passing of a special resolution by a majority of not less than three-fourths of the votes cast by the HEG Shareholders, sanction of the Scheme (with or without modifications) by the Court, all necessary third party consents, and approval from governmental or regulatory bodies. China International Capital Corporation Limited and J.P. Morgan acted as financial advisors for Haier Smart Home. UBS Securities Co., Limited acted as financial adviser for Haier Electronics Group. Announcement • Jul 18
Haier Smart Home Co., Ltd. to Report First Half, 2020 Results on Aug 31, 2020 Haier Smart Home Co., Ltd. announced that they will report first half, 2020 results on Aug 31, 2020 
