EQS-News

Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry

EQS-News: Haier Smart Home Co.,Ltd. / Key word(s): Quarter Results/Quarterly / Interim Statement Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry 30.10.2023 / 13:36 CET/CEST The issuer is solely responsible for the content of this announcement. Haier Smart Home publishes financial report for Q3 2023: steady revenue growth with overseas business outperforming industry

• Total revenue of RMB198.66 billion (9M 2022: RMB184.81 billion (restated))
• Casarte still No. 1 among premium brands
• Upgrade to A in MSCI ESG Rating

Qingdao / Shanghai / Hong Kong / Frankfurt, 30 October 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 figures for the first nine months of 2023. Since the second half of 2023, Haier Smart Home has continued to open up new growth space through its three-level brand strategy and accelerated its digital transformation.

In the first nine months of 2023, Haier Smart Home achieved a revenue of RMB 198.66 billion, representing an increase of 7.5% YoY. The revenue increase in the third quarter was 6.1% YoY. Net profit attributable to the shareholders of the parent company amounted to RMB13.15 billion, up 12.7% YoY in the first nine months, and 12.9% YoY in the third quarter.

Casarte remains the leader among premium brands

As a result of the strategy of always putting customers at the centre, Haier Smart Home was also able in the third quarter of 2023 to continue to capitalise on the growth opportunities in the smart home market and to increase its share in each product category.

The Casarte brand was revamped in the third quarter, strengthening the brand's competitiveness and securing its position as the absolute leader in the high-end appliance market. The market shares of Casarte’s high-end price products have further increased in the first three quarters of the reporting year. According to GfK China Market Monitor, the Casarte brand ranked first in the high-end market in various categories, including a retail sales share of 83.5% in the market of washing machine over RMB10,000.