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Haier Smart Home Co., Ltd. (690D.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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1.6406+0.0106 (+0.65%)
At close: 4:33PM CEST
Full screen
Previous close1.6300
Open1.6788
Bid0.0000 x 0
Ask0.0000 x 0
Day's range1.6406 - 1.6788
52-week range0.6186 - 2.6060
Volume1,020
Avg. volume6,645
Market cap30.016B
Beta (5Y monthly)N/A
PE ratio (TTM)8.68
EPS (TTM)0.1890
Earnings dateN/A
Forward dividend & yield0.05 (2.78%)
Ex-dividend date16 Jul 2020
1y target estN/A
  • EQS Group

    Q1 Results well above Expectations with Revenue up 27% and Operating Cash Flow up 149%

    DGAP-News: Haier Smart Home Co.,Ltd. / Key word(s): Quarter Results30.04.2021 / 08:00 The issuer is solely responsible for the content of this announcement.Q1 Results well above Expectations with Revenue up 27% and Operating Cash Flow up 149%Qingdao / Shanghai / Hong Kong / Frankfurt, 30 April 2021 - Haier Smart Home Co., Ltd. ("Haier Smart Home" or "the Company", stock code: 690D.DE, 600690.SH, 6690.HK) released its Q1 2021 Report in the evening of 29 April. The Company achieved operating revenue of RMB54.8 billion in Q1 2021, an increase of 27% compared to Q1 2020 and 12.9% compared to Q1 2019; among which, China's revenue increased by 29.5% yoy and Overseas revenue increased by 24.6% yoy. Net profit attributable to the owners of the Company amounted to RMB3.05 billion, a significant increase of 185.3% compared to Q1 2020 and 42% compared to Q1 2019; net operating cash flow increased by 149% yoy to RMB2.9 billion.Haier Smart Home not only extended its performance growth trend in the second half of 2020 but also performed better than the same period of 2019. The overall performance was beyond market expectations, which indicates that the market's judgment about the Company entering the performance delivery period has been confirmed.Strategy of cost reduction and efficiency improvement generating results, with the expense ratio further reduced by 1.3 pcts Domestically the Company has upgraded its business model from offline to online through the digital marketing and terminal information construction of six online platforms, overseas through effective management and control of disposable expenses, the Company continues to optimize its overall expenses rate.The Q1 report shows that the overall expenses ratio of Haier Smart Home continued the optimization trend in the second half of 2020, with a yoy optimization of 1.3 pcts, of which the sales expense ratio was 14.3%, optimized by 0.7 pct; the management expense ratio was 3.9%, optimized by 0.6 pct.In China Casarte remains the undisputed market leader with revenue increased by 80%, Air conditioning business increased by 128%Haier Smart Home's high-end brand Casarte achieved revenue growth of 80%, and its proportion in the Company's portfolio further increased. Casarte is undisputedly leading the high-end market in China. According to data from CMM, its market share in refrigerators above RMB10,000 reached 38%. The market share of washing machines above RMB10,000 reached 78% and in air conditioners above RMB15,000 was 34%, which demonstrates that the long-term value of high-end brands continued to be released.Meanwhile, the growth of air-conditioning business strides forward. In Q1, Haier Smart Home's air-conditioning business increased by 128%, with its online and offline retail market shares of 15.1% and 17.3% respectively, an increase of 2.1 pcts and 2 pcts yoy.The results above are attributed to the sharp increase in users' demand for healthy air during the pandemic and the Company's continuous iteration of new smart health scenarios products and services.Overseas profit from operating activities increasing by 135% yoy, entering into the channel of high profit growthSubject to challenges such as the normalization of the pandemic in overseas markets, the continuous rise of raw materials price, the appreciation of the RMB exchange rate and the substantial increase in shipping costs, Haier Smart Home adheres to the user-oriented brand forging strategy, accelerates new product launches and channel network coverage, and achieves higher growth than the industry in all regions.During the reporting period, the Company also focused on user pain points and actively promoted online digital transformation with a yoy increase of 20% in fans across the network, which enhanced the brand reputation, and high-end products continued to lead the overseas business with revenue growth of over 40% in high-end products and entering the TOP3 in more than 20 countries.In Q1, the Company's overseas revenue increased by 24.6% yoy, of which the revenue from high-end products increased by over 40%. The profit from operating activities increases by 135% yoy; the overseas profit margin from operating activities improved by 2 pcts yoy thanks to the continuous promotion of online transformation and enhancement of terminals transformation.Three Winged Bird smart scenario received an overall harvest and eco brands of all product lines were acceleratedDuring the reporting period, Haier Smart Home also made continuous efforts to build the scenario brand and ecological brand.The Company focuses on full-process smart home solutions for users and iterates the experience of Three Winged Bird brand in scenarios, 1+N capabilities, digital platforms, and touch-point networks. Three Winged Bird scenario experience store relies on the differentiated competitiveness of complete set of display and sales, pre-sale design, immersive experience during sales, and one-stop after-sales maintenance service to enhance customer acquisition efficiency and value. During the reporting period, daily active users of Haier Smart Home APP increased by 584%, and monthly active users increased by 1,484% yoy.Under the current trend of intensified competition and rising raw material price in the industry, Haier Smart Home's Q1 Report again released positive signals, showing the strong resilience and potential of its performance. In the long run, the results of the continued progress of cost reduction, efficiency improvement and high-end and global layout will continue to be released. Having stepped into the new track of scenario ecology, Haier Smart Home will enter into a new stage and achieve further value increase.About Haier Smart Home Co., Ltd.:Haier is one of the world's leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience.IR Contact:Yao Sun (Sophie) - Haier Smart Home GermanyT: +49 6172 9454 143F: +49 6172 9454 42143M: +49 160 9469 3601Email: y.sun@haier.de30.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Haier Smart Home Co.,Ltd. Haier Industrial Park, Laoshan District 266101 Qingdao China Phone: +49 6172 9454 143 Fax: +49 6172 9454 42143 E-mail: y.sun@haier.de Internet: www.haier.net ISIN: CNE1000031C1, CNE000000CG9 (A-share), WKN: A2JM2W Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1190865 End of News DGAP News Service

  • EQS Group

    Haier Smart Home Co.,Ltd.: Listing of Haier Smart Home's H-Shares to Establish 'A+D+H' Global Capital Market Platform

    DGAP-News: Haier Smart Home Co.,Ltd. / Key word(s): IPO/Mergers & Acquisitions23.12.2020 / 07:30 The issuer is solely responsible for the content of this announcement.Listing of Haier Smart Home's H-Shares to Establish "A+D+H" Global Capital Market PlatformQingdao / Shanghai / Hong Kong / Frankfurt, 23 December 2020 - Haier Smart Home Co., Ltd. ("Haier Smart Home" or "the Company", stock code: 690D, 600690.SH, 6690.HK) announced that the Company's H-Shares will commence trading on the Main Board of the Hong Kong Stock Exchange with stock code 6690.HK.To date, the privatization of Haier Electronics Group Co., Ltd. by Haier Smart Home by way of a scheme of arrangement has finally been completed. In accordance with the scheme document, the listing of the shares of Haier Electronics on the Main Board of the Hong Kong Stock Exchange (HKEX) was officially withdrawn at 9:00 am (HKT) today. Haier Electronics has become a wholly-owned subsidiary of Haier Smart Home. Haier Group remains to be the controlling shareholder of Haier Smart Home.The Management of Haier Smart Home stated, "Haier Smart Home's listing at HKEX speaks for the Company's confidence over the Hong Kong capital market. Together with our shareholders, we are looking forward to witnessing the prosperous chapter of Haier Smart Home in an era of IoT in the Hong Kong capital market."Global capital market platform yielding synergistic effectHaier Smart Home is the leader in the global home appliances industry and global pioneer in providing smart home solutions, whose A-Shares are listed on the Shanghai Stock Exchange and D-Shares are listed on the Frankfurt Stock Exchange. After the completion of listing in Hong Kong, Haier Smart Home has become a tri-listed company of "A+D+H"-Shares, which synchronizes with the Company's global operations. As mentioned in the scheme document, after the privatization has become effective, Haier Smart Home and Haier Electronics are expected to achieve potential synergies in both business development and corporate governance, along with its expansion of competitive advantages.Prior to the privatization, Haier Electronics was mainly engaged in the manufacturing of domestic washing machines, water heaters and water purifiers as well as the distribution business covering domestic sales channels, while Haier Smart Home was mainly engaged in the business of refrigerators, air conditioner and overseas household appliances. After the completion of the privatization, Haier Smart Home will aim to fully integrate with Haier Electronics to improve the comprehensiveness and depth of smart home solutions. The enlarged Haier Smart Home Group will also take this opportunity to further deepen the online and offline integration throughout the entire process, to enhance the user experience and loyalty and to build and share the Haier Smart Home Experiential Cloud platform across all categories.After the completion of the privatization, the enlarged Haier Smart Home Group will share resources and build capacity throughout the entire value chain, including R&D, procurement, manufacturing, and distribution of products, to promote technical cooperation, facilitate result-sharing, and optimize operations. On one hand, the prior overlapping of products and channels of both parties can be eliminated, achieving significant synergies. On the other hand, the improvement of operation management such as reduced internal procedures and simplified approval process is expected to lower the sales and management costs. In addition, the operational risks will be reduced with more robust financial performance supported by a stronger balance sheet.The enlarged Haier Smart Home Group will have a larger market capitalization, improved financial performance and a more diversified investor base than Haier Electronics Group, which is expected to enhance the Company's capital market profile and to improve liquidity. Moreover, after the completion of the privatization, Haier Smart Home Group will establish a unified capital market image and allow investors to focus on one listing company.IoT based ecosystem brand strategy leading the worldIn recent years, with the rapid development of technologies such as IoT, cloud computing big data and 5G networks, the home appliance industry sees a trend towards smart, full-suite and scenario-based solutions. Haier Smart Home, backed by its portfolio of interconnected home appliance products, its resources built with partners, its Haier Smart Home App and Experiential Cloud Platform, and its experience centers and franchised stores, provides smart home solutions suited for various lifestyle for users, aiming to build an IoT ecosystem brand of Haier Smart Home.From 2017 to 2019, Haier Smart Home's revenue increased from RMB154.2 billion to RMB198.0 billion, with a CAGR of 13.3%. For the same period, the profit increased from RMB9.1 billion to RMB12.3 billion, with a CAGR of 16.3%. Among the total revenue, the smart home business accounted for a large proportion; in 2019, the revenue from smart home business (including the PRC and overseas markets) accounted for 89.4% of the total revenue.After the listing in Hong Kong, Haier Smart Home will continue adhering to Haier's core value of "prioritizing users over the Company", capitalize on its RenDanHeYi management model and provide users globally with whole-process customized smart home solutions. Haier Smart Home is committed to creating an IoT smart home ecosystem brand and meeting users' needs for a better life experience.About Haier Smart Home Co., Ltd.:Haier is one of the world's leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience.IR Contact:Yao Sun (Sophie) - Haier Smart Home GermanyT: +49 6172 9454 143F: +49 6172 9454 42143M: +49 160 9469 3601Email: y.sun@haier.de23.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Haier Smart Home Co.,Ltd. Haier Industrial Park, Laoshan District 266101 Qingdao China Phone: +49 6172 9454 143 Fax: +49 6172 9454 42143 E-mail: y.sun@haier.de Internet: www.haier.net ISIN: CNE1000031C1, CNE000000CG9 (A-share), WKN: A2JM2W Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1157083   End of News DGAP News Service

  • EQS Group

    Haier Smart Home: High customer trust supports growth ambitions

    DGAP-News: Haier Smart Home Co.,Ltd. / Key word(s): Miscellaneous09.12.2020 / 07:30 The issuer is solely responsible for the content of this announcement.Haier Smart Home: High customer trust supports growth ambitionsQingdao / Shanghai / Frankfurt, 9 December 2020 - Haier Smart Home Co., Ltd. (D-Share ISIN CNE1000031C1, A-Share ISIN CNE000000CG9, "Haier Smart Home" or the "Company") one of the listed subsidiaries of Haier Group, continues to enjoy a high level of trust among customers in Germany, thus laying the foundation for sustainable growth in the European, and especially the German, home appliance market.In a recent study on the topic of "Highest Trust", the Institute for Management and Economic Research (IMWF), commissioned by FOCUS-MONEY and DEUTSCHLANDTEST, examined the online reputation of 17,000 brands from approximately 250 industries and product categories in terms of integrity, recommendations, trust and quality. In the category "household electrical appliances" 7 companies received the award "Highest Trust".Awarded are companies that achieve at least 70 points in the overall ranking on a scale of 0 to 100 points. With 81.8 points, the Haier brand won third place in the ranking - ahead of Vorwerk Thermomix (81.5), Dyson (80.3), Miele (79.7) and Liebherr (76). In terms of sales volume for large household appliances, Haier has been the world's number one household appliance brand for 11 consecutive years with a market share of 14.7%.The high level of customer trust combined with high quality standards is the basis for sustainable growth outside the home market of China. The high reputation of the Haier brand is also reflected in the figures. Sales outside China rose by 17.5% in the third quarter, significantly faster than the market as a whole. The brands in the three main business areas of Refrigeration, Washing and Air Conditioning rank among the top 3 in more than 20 countries and are continuously extending their lead. It is a great success for the Group's internationalization strategy that Haier Smart Home has been able to prevail in the IMWF ranking over international home appliance brands, including top German brands, and increases confidence that sales in the European market will remain strong.About Haier Smart Home Co., Ltd.:Haier is one of the world's leading manufacturers of household appliances with a focus on smart home solutions and customized mass production. Haier Smart Home Co., Ltd. develops, produces and distributes a wide range of household appliances. These include refrigerators, freezers, washing machines, air conditioners, water heaters, kitchen appliances as well as smaller household appliances and an extensive range of intelligent household appliances. The Company distributes its products through leading household brands such as Haier, Casarte, Leader, Candy, GE Appliances, AQUA and Fisher & Paykel. Haier Smart Home Co., Ltd. has launched Smart Home Experiential Cloud, which connects homes, users, enterprises and ecosystem partners, and facilitates the integration of Haier's online, offline and micro-store businesses and supports user interaction to further optimize the user experience.IR Contact:Yao Sun (Sophie) - Haier Smart Home GermanyT: +49 6172 9454 143F: +49 6172 9454 42143M: +49 160 9469 3601Email: y.sun@haier.de09.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Haier Smart Home Co.,Ltd. Haier Industrial Park, Laoshan District 266101 Qingdao China Phone: +49 6172 9454 143 Fax: +49 6172 9454 42143 E-mail: y.sun@haier.de Internet: www.haier.net ISIN: CNE1000031C1, CNE000000CG9 (A-share), WKN: A2JM2W Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1153751   End of News DGAP News Service