Haier Smart Home Q1 2026: Resilient Growth Amid North America Headwinds

Haier Smart Home Co., Ltd., a global leader in smart home solutions, reported its Q1 2026 results, showing resilience amid contrasting market conditions. The company achieved revenue of RMB 73.69 billion and net profit attributable to shareholders of RMB 4.65 billion, up sequentially from Q4 2025. Basic EPS stood at RMB 0.50. Notably, China operating profit grew year-on-year, and excluding North America, combined operating profit advanced more than 10% year-on-year. Haier also announced that 74.54 million A-shares are designated for cancellation, with a proposed D-share buy-back-for-cancellation.

Chairman and CEO Li Huagang described the quarter as one of contrasts, with China and core international markets maintaining healthy momentum, while North America faced headwinds from evolving trade policy and severe winter weather. In North America, Haier is executing a clear playbook: reshaping local supply chains, advancing sourcing actions, moving product mix upmarket, and driving cost productivity. The company expects these efforts to return its North America business to a more resilient operating model. Haier's globally-enabled, local-for-local model, built across a portfolio of brands, provides confidence to navigate complex environments and deliver high-quality growth and stronger shareholder returns.

In China, operating profit grew with margin expansion, despite a 6.2% contraction in the home appliance market. Success came from a mix shift toward premium categories, with residential air conditioning ranking No. 1 in the RMB 11,000+ price band. AI and digital capabilities improved operating efficiency. Internationally, overseas revenue declined 3.2% year-on-year, but outside North America, both revenue and operating profit grew, with Europe, South Asia, and Southeast Asia delivering steady growth. Europe saw HVAC revenue up more than 20%, while South Asia and Southeast Asia grew 17% and 12% respectively. New growth businesses advanced a unified platform for residential air conditioning, smart building, and water solutions, delivering its first integrated solution. Acquisitions CCR and Kwikot each achieved double-digit revenue growth. Haier is stepping up shareholder returns through buybacks and cancellations, including a new A-share buyback of RMB 3-6 billion over 12 months and a proposed D-share buy-back-for-cancellation of up to 81 million shares. For more details, view the original release on www.newmediawire.com.