Haier Smart Home Co., Ltd. Class H (HK:6690)
:6690
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Haier Smart Home Co., Ltd. Class H
(6690)
Select Model
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Rating:68Neutral
Price Target:
HK$23.50
▼(-12.64% Downside)
Action:ReiteratedDate: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
Consistent positive operating and free cash flow indicates earnings are backed by real cash, enabling the company to fund capex, service debt, and pay dividends without relying solely on external financing. This cash conversion supports durable financial flexibility and shareholder returns.
Negative Factors
Rising leverage
A meaningful increase in leverage versus prior year raises financial risk and interest burden, reducing strategic flexibility. Higher debt ratios can constrain capex or M&A, increase refinancing sensitivity in tighter credit markets, and amplify downside during demand slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent positive operating and free cash flow indicates earnings are backed by real cash, enabling the company to fund capex, service debt, and pay dividends without relying solely on external financing. This cash conversion supports durable financial flexibility and shareholder returns.
Read all positive factors
Haier Smart Home Co., Ltd. Class H (6690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$221.77B
Dividend Yield5.2%
Average Volume (3M)15.96M
Price to Earnings (P/E)9.2
Beta (1Y)0.86
Revenue Growth2.10%
EPS Growth-0.45%
CountryHK
Employees122,733
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)2.02
Shares Outstanding2,853,587,200
10 Day Avg. Volume13,342,925
30 Day Avg. Volume15,961,312
Financial Highlights & Ratios
PEG Ratio4.27
Price to Book (P/B)1.69
Price to Sales (P/S)0.68
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$26.95Price Target Upside0.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)2.47
Revenue Forecast (FY)HK$358.11B
Haier Smart Home Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Haier Smart Home Co., Ltd. engages in the research, development, production, and sale of smart home appliances in Asia, Europe, the United States, Australia, Africa, and internationally. The company operates through three segments: China Smart Hom...
How the Company Makes Money
Haier Smart Home makes money primarily by selling home appliances and smart home products to consumers through a mix of retail, distributor/wholesale, and direct/online channels. Its core revenue streams typically include (1) major appliance sales...
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 | 295.22B | 293.93B | 285.98B | 261.43B | 243.51B | 227.56B |
| Gross Profit | 78.77B | 77.93B | 79.49B | 81.28B | 76.29B | 71.07B |
| EBITDA | 24.93B | 28.24B | 33.07B | 28.11B | 24.42B | 21.46B |
| Net Income | 18.64B | 19.05B | 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
24.52
Negative
25.30
Negative
25.10
Negative
Market Momentum
-1.10
Negative
33.07
Neutral
69.02
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 21.98, above the 50-day MA of 24.52, and above the 200-day MA of 25.10, indicating a bearish trend. The MACD of -1.10 indicates Negative momentum. The RSI at 33.07 is Neutral, neither overbought nor oversold. The STOCH value of 69.02 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$36.80B | 5.77 | 17.96% | 5.70% | -6.76% | -10.28% | |
68 Neutral | HK$221.77B | 9.19 | 15.65% | 5.20% | 2.10% | -0.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | HK$5.82B | 6.06 | -4.81% | ― | 4.06% | -469.59% |
* Consumer Cyclical Sector Average
HK:6690
Haier Smart Home Co., Ltd. Class H
21.66
0.21
0.98%
HK:0921
Hisense Home Appliances Group Co
23.54
1.00
4.44%
HK:1691
JS Global Lifestyle Company Limited
1.70
-0.07
-3.95%
Haier Smart Home Co., Ltd. Class H Corporate Events
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 ...
Haier Smart Home Updates Schedule and Terms for 2025 Final Dividend Payout
Mar 30, 2026
Haier Smart Home Co., Ltd. has updated details of its planned final dividend for the financial year ended 31 December 2025, confirming a distribution of RMB 8.867 per 10 shares, subject to shareholder approval on 24 June 2026. The dividend is sche...
Haier Smart Home Board Clears 2025 Financials and Annual Report for Shareholder Vote
Mar 26, 2026
Haier Smart Home Co., Ltd., a major Chinese smart home and appliance maker listed in Hong Kong and Shanghai, convened the fourth meeting of its twelfth board session on 26 March 2026 with full attendance of all 11 directors. The meeting, held at t...
Haier Smart Home Sets 2025 AGM to Decide Dividends, Share Mandates and Governance Moves
Mar 26, 2026
Haier Smart Home Co., Ltd. has convened its 2025 annual general meeting for 24 June 2026 in Qingdao, where shareholders will review and approve key 2025 corporate documents, including financial statements, the board’s work report, the annual...
Haier Smart Home Calls 2026 H Share Meeting to Seek New Share Buyback Mandates
Mar 26, 2026
Haier Smart Home Co., Ltd. has called its first H share class meeting of 2026 for 24 June 2026 in Qingdao, to be held immediately after its 2025 AGM and corresponding A and D share class meetings. The session will gather H share investors to vote ...
Haier Smart Home Renews Connected Financial Services Framework With Haier Group
Mar 26, 2026
Haier Smart Home has renewed its financial cooperation with its controlling shareholder Haier Group and affiliated Haier Finance Company by signing a new Financial Services Framework Agreement effective from 1 January 2027 to 31 December 2029. Und...
Haier Smart Home Tightens Nomination Rules to Bolster Board Governance
Mar 26, 2026
Haier Smart Home Co., Ltd. has revised its implementation rules for the Board Nomination Committee to strengthen governance around the appointment of directors and senior executives. The updated framework aims to optimize board composition, refine...
Haier Smart Home Launches Up to RMB6 Billion A-Share Buyback for Employee Incentives
Mar 26, 2026
Haier Smart Home’s board has approved a new A-share repurchase plan to be executed via centralized bidding over a 12‑month period, with a budget of RMB3 billion to RMB6 billion and a maximum price of RMB35 per share. The company expect...
Haier Smart Home Reports Steady 2025 Growth on Digital, Global and High-End Push
Mar 26, 2026
Haier Smart Home reported that its 2025 Corporate Value and Return Enhancement Action Plan has driven steady, high-quality development by aligning with its goal of becoming a world-class smart living ecosystem enterprise. Through initiatives spann...
Haier Smart Home Posts Steady 2025 Profit Growth and Trims Final Dividend
Mar 26, 2026
Haier Smart Home Co., Ltd. reported steady growth for 2025, with revenue rising 5.7% year on year to RMB302.3 billion and gross profit edging up 1.3% to RMB79.0 billion. Profit attributable to owners increased 4.3% to RMB19.6 billion, while basic ...
Haier Smart Home Proposes Final 2025 Dividend for Hong Kong Shareholders
Mar 26, 2026
Haier Smart Home Co., Ltd., a leading Chinese home appliance and smart home solutions provider listed in Hong Kong, announced a proposed final ordinary cash dividend for the financial year ended 31 December 2025. The company, which manufactures a ...
Haier Smart Home Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 12, 2026
Haier Smart Home Co., Ltd. has scheduled a board meeting for 26 March 2026 in Qingdao to review and approve the audited results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the pro...
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.