Curated News
By: NewsRamp Editorial Staff
October 29, 2026
Haier Smart Home Posts RMB 221.82B Nine-Month Revenue, Steady Margins
TLDR
- Haier Smart Home grew China market share to 20.6% online and 25.0% offline while holding nine-month gross margin at 27.2%.
- Haier Smart Home reported Q3 revenue of RMB 69.70 billion and net profit of RMB 4.68 billion, with nine-month revenue of RMB 221.82 billion.
- Haier Smart Home's AI laundry and thawing innovations and solar air conditioners aim to improve daily life and environmental performance.
- Haier Smart Home's four-drum AI laundry system lets consumers wash different clothing types separately, and solar-powered AC unit sales doubled in Pakistan.
Impact - Why it Matters
Haier Smart Home's results offer a read on global consumer demand at a moment when appliance makers face tariff shifts, currency swings and soft housing markets. Holding gross margin at 27.2% while gaining share in China, North America and Europe suggests the company's scale, localized supply chains and brand portfolio are cushioning cost pressures that hit smaller rivals harder. The near-completion of the US supply-chain restructuring matters beyond Haier: it signals how manufacturers are redrawing production footprints to blunt trade-policy risk, a playbook competitors may copy. The push into HVAC, heat pumps and emerging markets such as India, Pakistan, Vietnam and the Middle East also points to where appliance growth is migrating as mature markets plateau, while AI-driven product innovation and internal efficiency efforts hint at the next phase of competition in smart homes.
Summary
Haier Smart Home Co., Ltd. (A-share: 600690.SH; H-share: 06690.HK; D-share: 690D.DE), the world's largest home appliance company and a global leader in smart home solutions, reported third-quarter 2026 revenue of RMB 69.70 billion and net profit attributable to shareholders of the parent company of RMB 4.68 billion. For the nine months ended 30 September 2026, revenue reached RMB 221.82 billion with net profit attributable to shareholders of RMB 15.00 billion, while the nine-month gross margin held broadly stable year-on-year at 27.2%. Chairman and CEO Li Huagang credited share gains in core markets, a nearly completed US supply-chain restructuring that has met its objectives, and investments in more productive facilities, adding that the company is using AI and closer integration to reshape how it runs the business over the next two to three years.
Operationally, Haier Smart Home's retail value share in China climbed to 20.6% online and 25.0% offline in the first nine months, up 2.9 and 1.7 percentage points respectively, according to All View Cloud (AVC). The company is upgrading refrigeration and laundry products with proprietary innovations, including AI cell-level thawing technology and a four-drum AI laundry system. Internationally, GE Appliances gained core appliance market share in North America, European refrigeration and laundry shares rose in core markets such as Italy, Spain, the UK and France, India revenue grew at three times the industry rate, and solar-powered air-conditioner unit sales doubled in Pakistan. HVAC integration is cutting costs, with a shift upmarket in China, a new variable refrigerant flow system from GE Appliances, and R290-refrigerant heat pumps in Europe. The company's seven brands — Haier, Casarte, Leader, GE Appliances, Candy, Fisher & Paykel and AQUA — reach consumers in more than 200 countries and regions.
Readers can view the original release on www.newmediawire.com, which also lists investor relations and media contacts for the Qingdao, Shanghai, Frankfurt and Hong Kong-listed group.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Haier Smart Home Posts RMB 221.82B Nine-Month Revenue, Steady Margins
