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Haier Smart Home Co., Ltd. Class H ( (HK:6690) ) has provided an announcement.
Haier Smart Home reported a decline in first-quarter 2026 performance, with operating revenue down 6.86% year on year to RMB 73.69 billion and net profit attributable to shareholders falling 15.22% to RMB 4.65 billion, while basic earnings per share slipped from RMB 0.59 to RMB 0.50. Profitability and cash generation weakened as total profit dropped 16.37% and net cash flow from operating activities fell 29.46%, though total assets edged up 1.62% and equity attributable to shareholders increased 5.47%, indicating a stronger balance sheet despite softer earnings.
Net profit after deducting non-recurring items declined 17.20%, underscoring that the earnings pressure stems mainly from core operating performance. The weighted average return on net assets decreased by 0.91 percentage point to 3.86%, suggesting reduced capital efficiency in the quarter and signaling a more challenging operating environment for the company and potential pressure on returns for shareholders.
The most recent analyst rating on (HK:6690) stock is a Hold with a HK$23.00 price target. To see the full list of analyst forecasts on Haier Smart Home Co., Ltd. Class H stock, see the HK:6690 Stock Forecast page.
More about Haier Smart Home Co., Ltd. Class H
Haier Smart Home Co., Ltd. is a PRC-incorporated home appliance manufacturer listed in Hong Kong, operating in the smart home and household appliances industry. The company focuses on designing, producing and selling a broad range of home appliances and related smart home solutions to consumers in domestic and international markets.
Average Trading Volume: 17,026,940
Technical Sentiment Signal: Sell
Current Market Cap: HK$210.6B
Learn more about 6690 stock on TipRanks’ Stock Analysis page.