Haier Smart Home (06690) announced annual results, with shareholders' profit attributable to equity holders of ¥19.553 billion, a year-on-year increase of 4.39%. It plans to pay a final dividend of ¥8.867 per 10 shares.

Haier Smart Home (06690) announced its annual results for the year ending December 31, 2025, with group revenue of RMB 302.329 billion, a year-on-year increase of 5.7%; profit attributable to shareholders of RMB 19.553 billion, a year-on-year increase of 4.39%; basic earnings per share of RMB 2.12; and a proposed final dividend of RMB 8.867 per 10 shares.

In 2025, the company continued to strengthen its leading position in the Chinese market. Core category shares remain at the top of the industry: offline market share for refrigerators reached 47.7%, washing machines reached 47.4%, and water heaters reached 32.5%, all maintaining their lead. The air conditioning business performed well, with online and offline market shares increasing by 0.6 and 1.8 percentage points year-on-year, respectively, achieving double-digit rapid growth in domestic revenue. In the Chinese market, Haier Smart Home leveraged its advantage of integrating a nationwide self-operated logistics and service system to push the distribution system directly toward retail outlets, allowing the service system to directly reach consumers, empowering Haier distributors to operate with light assets, shortening the distance to users, and achieving counter-cyclical growth. The digital inventory transformation promoted by the company has led to continuous upgrades in the supply chain order model and logistics distribution capabilities, with shorter paths and lower costs for products from factory to user. In 2025, the company’s domestic supply chain inventory turnover efficiency was simultaneously optimized, with order forecast accuracy increasing by 2.6% year-on-year.

Retail is increasingly leaning towards multi-channel, with richer consumption scenarios, and the integration of online and offline channels. Therefore, centralized management of product development and distribution, as well as the ability of the distribution system to quickly respond to terminal demands, has become a key operational capability for home appliance companies. Since launching the unified warehouse TC model transformation in the specialty store channel in April 2025 and replicating it across all channels in July, the company has continuously optimized the distribution system and strengthened its direct-to-user capabilities. By the end of 2025, the average daily delivery volume reached 100,000 units, with the proportion of all-region TC delivery orders rising to 57%, and the effectiveness of the model gradually becoming apparent. The 24-hour service coverage in the Chinese market has reached 1,944 counties, an increase of 357 compared to the beginning of 2025.

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