EQS-News

Haier Smart Home publishes Q3 report: steady improvement of operational performance with revenue increase of 8.9% in 9M 2022. Net Profit grew by 17.3%

EQS-News: Haier Smart Home Co.,Ltd. / Key word(s): 9 Month figures/Interim Report Haier Smart Home publishes Q3 report: steady improvement of operational performance with revenue increase of 8.9% in 9M 2022. Net Profit grew by 17.3% 31.10.2022 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Haier Smart Home publishes Q3 report: steady improvement of operational performance with revenue increase of 8.9% in 9M 2022. Net Profit grew by 17.3%

• Revenue of RMB 184.75 billion in first nine months of 2022 (9M 2021: RMB 169.63 billion)
• Ongoing focus on digital transformation with further optimized expense ratio
• Overseas business as driving force of Company’s performance growth

Qingdao / Shanghai / Hong Kong / Frankfurt, 31 October 2022 - Haier Smart Home Co., Ltd. ("Haier Smart Home" or "the Company", stock code: 690D.DE, 600690.SH, 6690.HK), yesterday published its figures for the first nine months and the third quarter of financial year 2022.

Haier Smart Home recorded revenue of RMB 184.75 billion during the first nine months of 2022, representing an increase of 8.9% over the corresponding period in 2021. Net profit attributable to the owners of the parent company amounted to RMB 11.67 billion, an increase of 17.3% compared to the same period last year. In Q3 2022, revenue increased by 8.6% and net profit attributable to the owners of the parent company achieved an increase of 20.3%.

Despite the challenging situation of the home appliance industry, still affected by, among other things, high freight costs and bulk raw material price, Haier Smart Home achieved steady growth in its revenue and profit. The Company took advantage of its high-end brand and overseas “three-in-one” (sales, design and service) design, accelerated its digital transformation, improved user experience and operational efficiency.

Growing market share in traditional advantageous industries and accelerating development in new industries

In the first nine months of 2022, Haier Smart Home not only has continued to grow its market share in traditional industries such as refrigerators and washing machines, but it has also expanded into new industries with a YoY revenue increase of 89% in clothing dryer, of over 20% in dishwasher and over 120% in cleaning robots.