EQS-News

Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry

EQS-News: Haier Smart Home Co.,Ltd. / Key word(s): Half Year Results Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry 30.08.2023 / 17:16 CET/CEST The issuer is solely responsible for the content of this announcement. Haier Smart Home publishes financial figures for HY 2023: continued revenue and profit growth – Overseas business outperforms industry

• Total revenue of RMB 131.63 billion (H1 2022: RMB 121.64 billion (restated))
• Net Profit growth of 12.6% YoY
• More sustainable smart solutions on offer

Qingdao / Shanghai / Hong Kong / Frankfurt, 30 August 2023 - Haier Smart Home Co., Ltd. ("Haier Smart Home" or "the Company", D-share 690D.DE, A-share 00690.SH, H-share 06690.HK), today published its financial report for the first half year 2023. The Company was able to maintain its revenue and profit growth pace by improving its operational efficiency and enhancing its digital transformation. In the first half of 2023, Haier Smart Home achieved a revenue of RMB 131.63 billion, representing an increase of 8.2% YoY. Net profit attributable to the shareholders of the parent company amounted to RMB 8.96 billion, up 12.6% YoY.

Increased market share in many product categories – Casarte as leader of the high-end market

Haier Smart Home has continued to grow in various product categories by remaining user-oriented, continuing to focus on retail transformation and expanding market channels. Haier’s refrigerators and washing machines have consistently increased their offline market share. In the first half of 2023, the market share of refrigerator raised to 45.1% YoY and that of washing machines increased to 47.1% YoY. Meanwhile the market share of air conditioners experienced a net increase of 0.6 percentage points. Moreover, Haier’s kitchen appliances have steadily expanded their market share to become one of the top 3 brands in the industry (according to China Market Monitor Co., Ltd.).