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Haier Smart Home Co., Ltd. Class H (HK:6690)
:6690
Hong Kong Market

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

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HK:6690

Haier Smart Home Co., Ltd. Class H

(6690)

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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
HK$24.00
▼(-10.78% Downside)
Action:DowngradedDate:03/29/26
The score is supported primarily by solid financial performance (steady margins/ROE and consistently positive operating/free cash flow) and attractive valuation (low P/E and high dividend yield). This is tempered by weak technicals, with the stock trading below key moving averages and negative MACD, despite oversold RSI/Stoch readings.
Positive Factors
Diverse smart-home product portfolio
Haier's broad product set across refrigeration, laundry, HVAC and kitchen appliances plus an emphasis on connected/IoT features and global distribution creates durable revenue diversity. Multiple categories and channels support cross-selling, scale in manufacturing, and resilience to single-market shocks.
Negative Factors
2025 revenue decline (-7.3%)
A 7.3% revenue drop in 2025 signals weakening end-market demand or mix deterioration. Sustained top-line contractions can erode operating leverage, pressure margins and cash flow, and limit the company's ability to fund product development and international expansion over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diverse smart-home product portfolio
Haier's broad product set across refrigeration, laundry, HVAC and kitchen appliances plus an emphasis on connected/IoT features and global distribution creates durable revenue diversity. Multiple categories and channels support cross-selling, scale in manufacturing, and resilience to single-market shocks.
Read all positive factors

Haier Smart Home Co., Ltd. Class H (6690) vs. iShares MSCI Hong Kong ETF (EWH)

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
Fundamentals are solid: profitability is steady with net margin holding in the mid-6% range and ROE around ~16% in recent years. Offsetting this, 2025 revenue fell (-7.3%), total debt rose sharply in 2025, and free cash flow growth turned negative in 2025 (-13.1%), keeping the score from being higher.
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue293.93B285.98B261.43B243.51B227.56B
Gross Profit77.93B79.49B81.28B76.29B71.07B
EBITDA28.24B33.07B28.11B24.42B21.46B
Net Income19.05B18.74B16.60B14.71B13.08B
Balance Sheet
Total Assets295.92B290.11B253.38B235.84B217.46B
Cash, Cash Equivalents and Short-Term Investments59.67B56.82B56.97B54.66B48.64B
Total Debt66.52B27.93B32.69B32.35B26.18B
Total Liabilities168.45B171.72B147.47B141.13B136.38B
Stockholders Equity118.75B111.37B103.51B93.42B79.81B
Cash Flow
Free Cash Flow17.33B16.47B15.36B11.95B15.76B
Operating Cash Flow25.95B26.54B25.26B20.15B23.13B
Investing Cash Flow-17.25B-20.07B-17.09B-8.92B-8.07B
Financing Cash Flow-17.21B-7.91B-7.84B-3.82B-15.64B

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

Technical Analysis Sentiment
Negative
Last Price26.90
Price Trends
50DMA
25.36
Negative
100DMA
25.73
Negative
200DMA
25.13
Negative
Market Momentum
MACD
-1.36
Positive
RSI
18.32
Positive
STOCH
6.61
Positive
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 23.65, above the 50-day MA of 25.36, and above the 200-day MA of 25.13, indicating a bearish trend. The MACD of -1.36 indicates Positive momentum. The RSI at 18.32 is Positive, neither overbought nor oversold. The STOCH value of 6.61 is Positive, 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
HK$33.11B8.9419.03%5.70%2.29%3.18%
68
Neutral
HK$216.42B10.5616.61%5.20%19.14%14.07%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
46
Neutral
HK$6.16B-35.44-4.81%1.29%-386.78%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6690
Haier Smart Home Co., Ltd. Class H
21.04
1.62
8.34%
HK:0921
Hisense Home Appliances Group Co
20.84
0.28
1.34%
HK:1691
JS Global Lifestyle Company Limited
1.80
0.25
16.13%

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

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...
Haier Smart Home Launches EUR 2 Million D-Share Buyback to Optimize Capital Structure
Jan 20, 2026
Haier Smart Home Co., Ltd. has approved a buyback programme for its D shares of up to EUR 2 million, or a maximum of 1,000,000 shares, representing about 0.369% of its current D-share capital. The repurchased D shares, to be acquired via the Xetra...
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.Date of analysis: Mar 29, 2026