Haier Smart Home Co., Ltd. Class H (6690) AI Stock Analysis

• Market Cap: HK$270.76B
• Dividend Yield: 5.09%
• Average Volume (3M): 15.96M
• Price to Earnings (P/E): 10.8
• Beta (1Y): 0.81
• Revenue Growth: 19.14%
• EPS Growth: 14.07%
• Country: HK
• Employees: 122,733
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.62
• Shares Outstanding: 2,853,587,200
• 10 Day Avg. Volume: 13,342,925
• 30 Day Avg. Volume: 15,961,312
• PEG Ratio: 0.96
• Price to Book (P/B): 2.18
• Price to Sales (P/S): 0.85
• P/FCF Ratio: 14.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$33.04
• Price Target Upside: 24.96% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: HK$28.00 ▲(5.90% Upside)

Haier Smart Home's strong financial performance, characterized by robust revenue growth and solid profitability, is the most significant factor driving the score. The valuation is reasonable with an attractive dividend yield, while technical indicators suggest a neutral market sentiment. The absence of earnings call and corporate events data did not impact the score.

Positive Factors

Revenue Growth

Consistent revenue growth highlights Haier's expanding market presence and successful product adoption, supporting long-term business stability.

Cash Flow Strength

Strong cash flow growth ensures Haier can fund strategic initiatives and investments, enhancing its competitive position and future growth potential.

Profitability

High profitability margins indicate effective cost management and operational efficiency, ensuring sustainable financial health and competitive advantage.

Negative Factors

Liability Management

Rising liabilities could strain financial flexibility, potentially impacting Haier's ability to invest in growth and manage economic downturns.

Debt Levels

While leverage is prudent, vigilance is needed to ensure debt levels do not increase further, which could affect long-term financial stability.

Equity Utilization

Although equity utilization is effective, maintaining this performance is crucial to support growth and shareholder value amidst rising liabilities.

Haier Smart Home Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Haier Smart Home Co., Ltd. Class H (6690) is a leading global provider of smart home appliances and innovative technology solutions. The company operates primarily in the consumer electronics and home appliances sector, specializing in smart refrigerators, washing machines, air conditioners, and kitchen appliances. With a focus on enhancing user experience through connected devices, Haier integrates Internet of Things (IoT) technology into its products, promoting energy efficiency and convenience for consumers.

How the Company Makes Money

Haier Smart Home Co., Ltd. generates revenue through multiple streams, primarily from the sale of its smart home appliances and electronics. The company capitalizes on its strong brand presence in various international markets, leveraging economies of scale to maintain competitive pricing. Additional revenue is derived from aftermarket services, including warranty, repairs, and smart home solutions. Strategic partnerships with technology firms and integration of IoT capabilities further enhance product offerings, increasing consumer demand. Moreover, Haier invests in research and development to innovate and expand its product line, ensuring a steady flow of income from both existing and new customers.

Haier Smart Home Co., Ltd. Class H Financial Statement Overview

Summary

Haier Smart Home exhibits robust financial health with strong revenue growth, effective cost control, and solid profitability. The balance sheet is stable, though vigilance on liability management is advised. The cash flow position is strong, supporting the company's strategic initiatives and long-term growth prospects.

Income Statement

Haier Smart Home has demonstrated strong financial growth with consistent revenue increases, achieving a revenue growth rate of 9.39% in 2024. The company maintains robust profitability with a gross profit margin of 27.8% and an improved net profit margin of 6.55%. The EBIT and EBITDA margins also reflect strong operational efficiency at 8.01% and 11.56%, respectively, in 2024, showcasing effective cost management and a solid market position.

Balance Sheet

The balance sheet reveals a stable financial structure with a debt-to-equity ratio of 0.25, indicating prudent leverage and financial stability. The equity ratio of 38.39% highlights a solid equity base, and the return on equity stands at a healthy 16.83%, showing effective utilization of shareholder funds. However, the increase in total liabilities over time suggests caution is warranted in monitoring future debt levels.

Cash Flow

Haier Smart Home's cash flow performance is strong, with a free cash flow growth rate of 7.27% in 2024. The operating cash flow to net income ratio of 1.42 indicates solid cash generation relative to net earnings. Additionally, the free cash flow to net income ratio of 0.88 suggests effective cash management, supporting future growth and investment opportunities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	324.25B	285.98B	261.43B	243.51B	227.56B	209.73B
Gross Profit	82.57B	79.49B	81.28B	76.29B	71.07B	62.25B
EBITDA	28.96B	33.07B	28.11B	24.42B	21.46B	19.79B
Net Income	21.45B	18.74B	16.60B	14.71B	13.08B	8.88B
Balance Sheet
Total Assets	318.62B	290.11B	253.38B	235.84B	217.46B	203.46B
Cash, Cash Equivalents and Short-Term Investments	53.94B	56.82B	56.97B	54.66B	48.64B	48.63B
Total Debt	75.99B	27.93B	32.69B	32.35B	26.18B	35.82B
Total Liabilities	179.97B	171.72B	147.47B	141.13B	136.38B	135.35B
Stockholders Equity	130.70B	111.37B	103.51B	93.42B	79.81B	66.82B
Cash Flow
Free Cash Flow	20.29B	16.47B	15.36B	11.95B	15.76B	9.83B
Operating Cash Flow	18.35B	26.54B	25.26B	20.15B	23.13B	17.60B
Investing Cash Flow	-13.19B	-20.07B	-17.09B	―	―	―
Financing Cash Flow	-16.14B	-7.91B	-7.84B	―	―	―

Haier Smart Home Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6690, the sentiment is Positive. The current price of 26.44 is below the 20-day moving average (MA) of 26.48, above the 50-day MA of 25.72, and above the 200-day MA of 24.08, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 42.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6690.

Haier Smart Home Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6690	74 Outperform	HK$270.76B	10.84	17.99%	5.09%	19.14%	14.07%
0921	74 Outperform	HK$37.74B	9.20	20.78%	5.52%	2.29%	3.18%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1691	45 Neutral	HK$6.54B	-11.47	-14.41%	―	1.29%	-386.78%

Haier Smart Home Co., Ltd. Class H Corporate Events

Haier Smart Home Releases Q3 2025 Financial Report

Haier Smart Home Co., Ltd. has released its unaudited financial data for the third quarter of 2025, prepared in accordance with China Accounting Standards for Business Enterprises. The report assures stakeholders of the accuracy and completeness of the financial information, which aligns with International Financial Reporting Standards, reflecting the company’s commitment to transparency and reliability.

Haier Smart Home Concludes Successful General Meeting with Full Resolution Approval

Haier Smart Home Co., Ltd. announced the successful conclusion of its First Extraordinary General Meeting of 2025, where all proposed resolutions were passed. The meeting, compliant with relevant laws and stock exchange provisions, saw participation from shareholders holding over 63% of the company’s voting shares, reflecting strong stakeholder engagement and support for the company’s strategic decisions.

Haier Smart Home Announces Interim Dividend for 2025

Haier Smart Home Co., Ltd. announced an interim cash dividend for the six months ended June 30, 2025, maintaining a total distribution of approximately RMB2,507 million despite changes in share capital due to share repurchase arrangements. The dividend per share has been adjusted slightly to RMB2.692 per 10 shares, with the payment scheduled for November 7, 2025. This move reflects the company’s commitment to shareholder returns and may influence its market positioning by demonstrating financial stability and strategic capital management.

Haier Smart Home Schedules Board Meeting to Review Q3 Results

Haier Smart Home Co., Ltd. has scheduled a board meeting on October 30, 2025, to review and approve the company’s third-quarter results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, impacting stakeholders and potentially influencing its market positioning.

Haier Smart Home Announces Interim Dividend and Closure of Register

Haier Smart Home Co., Ltd. announced the closure of its register of members to determine the eligibility of shareholders for an interim dividend payment for the first half of 2025. The closure will occur from October 22 to October 23, 2025, and shareholders must lodge their share certificates and transfer documents by October 21, 2025, to be eligible. This announcement indicates the company’s commitment to returning value to its shareholders and may impact investor sentiment positively.

Haier Smart Home Announces Interim Dividend for 2025

Haier Smart Home Co., Ltd. has announced an interim cash dividend of RMB 2.69 per 10 shares for the six months ending June 30, 2025. This update includes new information regarding the closure period of the Hong Kong share register, with key dates set for shareholder actions and dividend distribution. The announcement reflects the company’s ongoing commitment to returning value to its shareholders, potentially impacting its market positioning and stakeholder relations.