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Haier Smart Home Co., Ltd. Class H
(6690)
Select Model
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Rating:68Neutral
Price Target:
HK$22.00
▼(-18.22% Downside)
Action:Reiterated
Date:04/29/26
The score is driven primarily by solid underlying financial performance and a favorable value/income setup (low P/E and high dividend yield). These positives are tempered by weak technicals (below key moving averages with negative MACD) and some near-term fundamental watch-outs including TTM revenue softness, margin compression, and higher leverage versus 2024.
Positive Factors
Strong cash generation
Haier reliably converts earnings into cash: operating and free cash flow have been consistently positive and free cash flow averaged about two‑thirds of net income historically. This durable cash conversion supports capex, dividends, and reinvestment, improving financial resilience over months.
Negative Factors
TTM revenue softness
Trailing‑twelve‑month revenue has softened versus the prior year, indicating recent demand weakness. If this trend persists, it could constrain top‑line momentum and limit operating leverage, pressuring earnings growth and cash flow generation over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Haier reliably converts earnings into cash: operating and free cash flow have been consistently positive and free cash flow averaged about two‑thirds of net income historically. This durable cash conversion supports capex, dividends, and reinvestment, improving financial resilience over months.
Read all positive factors
Haier Smart Home Co., Ltd. Class H (6690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$205.37B
Dividend Yield5.2%
Average Volume (3M)15.96M
Price to Earnings (P/E)9.8
Beta (1Y)0.82
Revenue Growth2.10%
EPS Growth-0.45%
CountryHK
Employees122,733
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)2.03
Shares Outstanding2,853,587,200
10 Day Avg. Volume13,342,925
30 Day Avg. Volume15,961,312
Financial Highlights & Ratios
PEG Ratio2.08
Price to Book (P/B)1.69
Price to Sales (P/S)0.67
P/FCF Ratio11.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$27.51Price Target Upside2.27% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)2.47
Revenue Forecast (FY)HK$357.97B
Haier Smart Home Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Haier Smart Home Co., Ltd. is a leading global enterprise specializing in the design, production, and sale of intelligent home appliances, with operations spanning Asia, Europe, North America, Australia, Africa, and other international regions. Th...
How the Company Makes Money
Haier Smart Home primarily makes money by selling home appliances and smart-home products through multiple channels and geographies. The core revenue stream comes from product sales across major categories such as refrigeration (e.g., refrigerator...
Haier Smart Home Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 295.88B | 302.35B | 285.98B | 261.43B | 243.51B | 227.56B |
| Gross Profit | 78.93B | 80.61B | 79.49B | 81.28B | 76.29B | 71.07B |
| EBITDA | 24.93B | 28.24B | 33.07B | 28.11B | 24.42B | 21.46B |
| Net Income | 18.68B | 19.55B | 18.74B | 16.60B | 14.71B | 13.08B |
Balance Sheet | ||||||
| Total Assets | 299.57B | 295.92B | 290.11B | 253.38B | 235.84B | 217.46B |
| Cash, Cash Equivalents and Short-Term Investments | 55.48B | 59.67B | 56.82B | 56.97B | 54.66B | 48.64B |
| Total Debt | 71.55B | 66.52B | 27.93B | 32.69B | 32.35B | 26.18B |
| Total Liabilities | 165.23B | 168.45B | 171.72B | 147.47B | 141.13B | 136.38B |
| Stockholders Equity | 124.77B | 118.75B | 111.37B | 103.51B | 93.42B | 79.81B |
Cash Flow | ||||||
| Free Cash Flow | 16.87B | 17.33B | 16.47B | 15.36B | 11.95B | 15.76B |
| Operating Cash Flow | 26.03B | 25.95B | 26.54B | 25.26B | 20.15B | 23.13B |
| Investing Cash Flow | -15.60B | -17.25B | -20.07B | -17.09B | -8.92B | -8.07B |
| Financing Cash Flow | -14.02B | -17.21B | -7.91B | -7.84B | -3.82B | -15.64B |
Haier Smart Home Co., Ltd. Class H Technical Analysis
Negative
26.90
Price Trends
20.71
Negative
22.35
Negative
24.05
Negative
Market Momentum
-0.17
Positive
42.91
Neutral
32.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6690, the sentiment is Negative. The current price of 26.9 is above the 20-day moving average (MA) of 20.51, above the 50-day MA of 20.71, and above the 200-day MA of 24.05, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 42.91 is Neutral, neither overbought nor oversold. The STOCH value of 32.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6690.
Haier Smart Home Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$684.43B | 13.20 | 19.83% | 5.00% | 9.21% | 4.23% | |
73 Outperform | HK$37.79B | 11.03 | 17.96% | 5.70% | -6.76% | -10.28% | |
68 Neutral | HK$205.37B | 9.81 | 15.65% | 5.20% | 2.10% | -0.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$452.73M | 11.04 | 4.84% | 7.24% | -6.53% | -49.31% | |
49 Neutral | HK$329.73M | 3.18 | 2.81% | ― | -5.88% | ― | |
48 Neutral | HK$4.69B | -25.63 | -4.83% | ― | 4.06% | -469.59% |
* Consumer Cyclical Sector Average
HK:6690
Haier Smart Home Co., Ltd. Class H
19.78
-3.92
-16.54%
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22.16
1.15
5.46%
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International Housewares Retail Co
0.65
-0.22
-25.03%
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JS Global Lifestyle Company Limited
1.37
-0.51
-27.13%
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NVC International Holdings Ltd.
0.66
-0.07
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Midea Group Co. Ltd. Class H
88.45
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21.12%
Haier Smart Home Co., Ltd. Class H Corporate Events
Haier Smart Home Reshapes Board Audit and Nomination Committees
Jun 25, 2026
Haier Smart Home has reshuffled the composition of its Audit Committee and Nomination Committee following a board meeting held on 25 June 2026. The changes, which define new memberships and chairpersons for both special committees, take effect imm...
Haier Smart Home Details Board and Committee Structure
Jun 25, 2026
Haier Smart Home has announced the current composition of its board of directors, detailing executive, non-executive, independent non-executive and employee representative roles, with Li Huagang serving as chairman. The company also outlined membe...
Haier Smart Home Clears All AGM Resolutions, Eyes D-Share Buy-Back
Jun 24, 2026
Haier Smart Home Co., Ltd. reported that its 2025 annual general meeting and related class meetings were duly convened in Qingdao, with all resolutions passed under compliant procedures across on-site, off-site and online voting formats. The meeti...
Haier Smart Home Updates Board Composition and Governance Committees
Jun 24, 2026
Haier Smart Home Co., Ltd., a PRC-incorporated smart home and household appliance manufacturer listed under stock code 6690, provides a range of connected home solutions to consumers in China and overseas. Its business is anchored in technology-le...
Haier Smart Home Announces 2025 Final Dividend and Tax Arrangements for H Shareholders
Jun 24, 2026
Haier Smart Home Co., Ltd. has declared a final ordinary cash dividend of RMB 8.867 per 10 shares for the financial year ended 31 December 2025, following shareholder approval on 24 June 2026. For Hong Kong investors, the dividend will be paid in ...
Haier Smart Home Sends Circular on Possible D Share Buy-back Offer
Jun 3, 2026
Haier Smart Home Co., Ltd. has dispatched a circular to its shareholders outlining the details of a possible voluntary public share buy-back offer for its D shares, including recommendations from an independent committee and an independent financi...
Haier Smart Home delays circular on possible D share buy-back offer
May 18, 2026
Haier Smart Home Co., Ltd., a major Chinese smart home and appliance producer listed in Hong Kong, serves global markets with a range of connected home products and manages multiple share classes including H and D shares. The company emphasizes ca...
Haier Smart Home Launches 2026 Plan to Boost Value, Global Growth and Efficiency
Apr 27, 2026
Haier Smart Home has unveiled its 2026 Corporate Value and Return Enhancement Action Plan, aiming to evolve from a traditional home appliance leader into a user-centric, platform-based technology ecosystem enterprise. The company is building a fra...
Haier Smart Home Seeks Expanded Mandates for H and D Share Buybacks in 2026
Apr 27, 2026
Haier Smart Home Co., Ltd. has issued a revised notice convening its first H Share Class Meeting of 2026, to be held on 24 June 2026 in Qingdao immediately after its 2025 AGM and other share class meetings. The session will ask H shareholders to c...
Haier Smart Home Moves to Amend Articles After Share Cancellation
Apr 27, 2026
Haier Smart Home Co., Ltd. has proposed amendments to its Articles of Association to enhance corporate governance, ensure regulatory compliance and align its corporate documents with Chinese company and securities laws, as well as stock exchange r...
Haier Smart Home Nominates Veteran Accountant Paul Siu as Independent Director
Apr 27, 2026
Haier Smart Home has proposed the election of Paul Yu Hay Siu as a new independent non-executive director, replacing outgoing director Wong Hak Kun once his six-year term ends. The nomination, to be voted on at the 2025 annual general meeting, is ...
Haier Smart Home Cancels Millions of Share Options After Missing Profit Target
Apr 27, 2026
Haier Smart Home has cancelled a series of share options under its 2021 and 2022 A share option incentive schemes after failing to meet preset profit growth targets tied to net profit attributable to the parent in 2025. The required compound annua...
Haier Smart Home Sets 2025 AGM With Expanded Capital Mandates and New Employee Share Plan
Apr 27, 2026
Haier Smart Home has issued a revised notice for its 2025 annual general meeting, rescheduled to 24 June 2026 in Qingdao, where shareholders will review and vote on standard corporate matters including 2025 financial statements, board and internal...
Haier Smart Home to Cancel 74.5 Million Repurchased A Shares and Cut Registered Capital
Apr 27, 2026
Haier Smart Home plans to cancel 74,541,486 repurchased A shares originally earmarked for equity incentives and employee stock ownership plans, converting them instead into a reduction of registered capital. After the cancellation, the companyR...
Haier Smart Home’s Q1 2026 Profit Drops Despite Stronger Balance Sheet
Apr 27, 2026
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 sha...
Haier Smart Home Plans Major Buy-Back of German D Shares
Apr 27, 2026
Haier Smart Home plans a possible voluntary public share buy-back offer for its German-listed D shares, targeting up to 81,044,512 shares, or 30% of the total D shares in issue, subject to legal and regulatory approvals in Hong Kong and Germany an...
Haier Smart Home Sets April 27 Board Meeting to Approve Q1 2026 Results
Apr 14, 2026
Haier Smart Home Co., Ltd. has scheduled a board meeting for 27 April 2026 to review and approve the first‑quarter results for the period ended 31 March 2026, along with their planned publication. The timing signals that investors and other ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.