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Haier Smart Home Co., Ltd. Class H
(6690)
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
Haier Smart Home Co., Ltd. Class H Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 296.12B | 285.98B | 261.43B | 243.51B | 227.56B | 209.73B | Gross Profit |
| 79.61B | 79.49B | 81.28B | 76.29B | 71.07B | 62.25B | EBIT |
| 24.03B | 22.91B | 19.88B | 17.84B | 15.88B | 13.60B | EBITDA |
| 26.67B | 33.07B | 28.11B | 24.42B | 21.46B | 19.79B | Net Income Common Stockholders |
| 19.45B | 18.74B | 16.60B | 14.71B | 13.08B | 8.88B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 54.46B | 56.82B | 56.97B | 54.66B | 48.64B | 48.63B | Total Assets |
| 257.86B | 290.11B | 253.38B | 235.84B | 217.46B | 203.46B | Total Debt |
| 35.88B | 27.93B | 32.69B | 32.35B | 26.18B | 35.82B | Net Debt |
| -17.74B | ― | -22.94B | -21.79B | -19.67B | -10.64B | Total Liabilities |
| 147.85B | 171.72B | 147.47B | 141.13B | 136.38B | 135.35B | Stockholders Equity |
| 107.28B | 111.37B | 103.51B | 93.42B | 79.81B | 66.82B |
| Cash Flow | Free Cash Flow | ||||
| 17.10B | 16.47B | 15.36B | 11.95B | 15.76B | 9.83B | Operating Cash Flow |
| 6.09B | 26.54B | 25.26B | 20.15B | 23.13B | 17.60B | Investing Cash Flow |
| -5.12B | ― | -17.09B | ― | ― | ― | Financing Cash Flow |
| -6.38B | ― | -7.84B | ― | ― | ― |
Haier Smart Home Co., Ltd. Class H Technical Analysis
Haier Smart Home Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$240.64B | 10.35 | 17.31% | 3.78% | 10.29% | 11.02% | |
62 Neutral | $6.88B | 11.32 | 2.95% | 3.87% | 2.70% | -24.57% | |
| $23.06B | 8.01 | 24.35% | 1.23% | ― | ― | ||
| $8.89B | 621.62 | 0.21% | 2.98% | ― | ― | ||
| $2.24B | 5.87 | 5.64% | 6.44% | ― | ― | ||
| $15.95B | 14.33 | 203.51% | 1.74% | ― | ― | ||
| $21.47B | 17.43 | 18.52% | 2.71% | ― | ― |
Haier Smart Home Co., Ltd. Class H Corporate Events
Haier Smart Home Co., Ltd. has announced a revised notice for its 2024 Annual General Meeting, scheduled for May 28, 2025, in Qingdao, PRC. The meeting will address various resolutions, including financial statements, reports on the work of the board, profit distribution plans, and the re-appointment of auditors. Significant resolutions include granting the board mandates for debt financing and share issuance, as well as stock ownership plans for core employees. These decisions reflect the company’s strategic focus on financial management and employee engagement, potentially impacting its market positioning and shareholder value.
Haier Smart Home Co., Ltd. announced the re-election of its board of directors and the election of an employee director for the 12th session of the board. The board meeting held on April 29, 2025, approved the list of candidates for executive, non-executive, and independent non-executive directors, which will be voted on at the 2024 annual general meeting. The newly elected board will serve a three-year term, with directors entering into service contracts with the company. This re-election process is part of the company’s governance practices, ensuring continuity and adherence to regulatory standards.
Haier Smart Home Co., Ltd. announced the cancellation of certain share options under its 2021 and 2022 A Share Option Incentive Schemes. This decision was driven by participants no longer meeting incentive conditions due to resignations or position changes, as well as the company’s failure to meet specific performance targets. The cancellation affects a total of 9,652,135 options, reflecting the company’s commitment to maintaining alignment between its performance and incentive structures, which could impact stakeholder confidence and the company’s strategic goals.
Haier Smart Home Co., Ltd. has announced the approval of its 2025 A Share and H Share Core Employee Stock Ownership Plans, which are designed to align the interests of employees with the company’s long-term growth objectives. The plans, pending approval at the general meeting, indicate a strategic move to enhance employee engagement and retention, potentially impacting the company’s operational efficiency and market competitiveness.
Haier Smart Home Co., Ltd. has announced proposed amendments to its Articles of Association to enhance corporate governance and operational compliance. These changes include the elimination of the board of supervisors, with its functions being transferred to the Audit Committee of the Board, reflecting a strategic move to streamline governance structures and align with regulatory requirements.
Haier Smart Home Co., Ltd. has revised its implementation rules for the Audit Committee under the Board of Directors to enhance decision-making and corporate governance. The changes aim to ensure effective supervision over senior management and improve communication with internal and external auditors, thereby strengthening the company’s governance structure.
Haier Smart Home Co., Ltd. has revised its implementation rules for the Nomination Committee under the Board of Directors to enhance corporate governance. The updated rules aim to regulate the appointment of senior executives, optimize the board’s constitution, and ensure alignment with the company’s strategic goals. The Nomination Committee, primarily composed of independent directors, is tasked with reviewing and recommending board structure and diversity, assessing director independence, and handling succession planning, thereby strengthening the company’s governance framework.
Haier Smart Home Co., Ltd. has revised its Implementation Rules for the Remuneration and Appraisal Committee under the Board of Directors, effective in 2025. This revision aims to enhance the company’s corporate governance by establishing a structured system for assessing and remunerating directors and senior management. The committee, consisting mainly of independent directors, is responsible for formulating appraisal standards and remuneration policies, ensuring transparency and alignment with corporate objectives. This move is expected to strengthen the company’s governance framework and potentially improve stakeholder confidence.
Haier Smart Home Co., Ltd. reported a strong financial performance for the first quarter of 2025, with a significant increase in operating revenue and net profit compared to the same period last year. The company’s unaudited financial data, prepared in accordance with Chinese and international standards, showed a 10.06% rise in operating revenue and a 15.09% increase in net profit attributable to shareholders, indicating robust growth and effective business strategies.
Haier Smart Home Co., Ltd. has announced a board meeting scheduled for April 29, 2025, to review and approve the company’s first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
Haier Smart Home Co., Ltd. announced a voluntary plan for its directors and senior management to increase their shareholding in the company. This move, which involves using personal funds to purchase additional shares, is intended to demonstrate confidence in the company’s long-term prospects and to bolster investor confidence. The shareholding increase will be executed through centralized bidding trading on the Shanghai Stock Exchange and the Stock Exchange of Hong Kong, with no specific price range set for the transactions.
Haier Smart Home Co., Ltd. has announced a share repurchase plan, approved by its board of directors, to buy back a portion of its public A shares. The repurchase, valued between RMB1 billion and RMB2 billion, is intended to support the company’s employee share ownership plans and improve corporate governance, aligning with long-term strategic goals and enhancing shareholder value.
Haier Smart Home Co., Ltd. held its 13th board meeting of the eleventh session, where key resolutions were passed, including the approval of the 2024 Financial Statements and the 2024 Annual Report. The financial statements were audited by Hexin CPA and HLB, with no discrepancies found, and the annual report was deemed accurate and complete by the board. These resolutions will be submitted for approval at the 2024 Annual General Meeting, reflecting the company’s commitment to transparency and regulatory compliance.
Haier Smart Home Co., Ltd. has announced its Annual General Meeting (AGM) for 2024, scheduled for May 28, 2025. The meeting will address several key resolutions, including the approval of financial statements, reports on the work of the board, profit distribution plans, and the re-appointment of auditors. Additionally, the AGM will consider granting the board of directors general mandates for issuing shares and debt financing instruments, repurchasing shares, and managing asset injections and related-party transactions. These resolutions are crucial for the company’s strategic financial planning and operational management in the coming year.
Haier Smart Home Co., Ltd. has announced the renewal of its Continuing Connected Transactions Framework Agreements with Haier Group, effective from January 1, 2026, to December 31, 2028. These agreements, which include procurement and sales of products and services, are subject to Hong Kong Listing Rules, requiring reporting and annual review due to the significant shareholding of Haier Group in the company. The company will hold an AGM to approve the new agreements, with certain stakeholders abstaining from voting due to their interests in Haier Group.
Haier Smart Home Co., Ltd. has announced a capital increase for its subsidiary, Haier Finance, by converting RMB3,000 million of undistributed profits into capital. This move aims to enhance the capital adequacy ratio and support business development. The capital increase involves contributions from Haier Air-Conditioner, Haier Air-Conditioner Electronics, Haier Group, and Haikeda, with each entity maintaining its current shareholding proportion. This transaction is classified as a connected transaction under Hong Kong Listing Rules, subject to certain reporting and announcement requirements but exempt from independent financial advisor opinions and shareholder approval.
Haier Smart Home Co., Ltd. announced that its subsidiary, Haier Air-Conditioner, has entered into an Assets Transfer Agreement with Haier Group to acquire real estate assets of the Haier White Goods R&D Center. This acquisition, valued at RMB267.24 million, is intended to support the subsidiary’s research and development, testing, and office functions. The transaction is classified as a connected transaction under Hong Kong Listing Rules, requiring reporting and annual review but exempt from independent financial advisor opinions and shareholder approval. This strategic move is expected to enhance Haier Air-Conditioner’s operational capabilities and strengthen its position in the smart home industry.
Haier Smart Home Co., Ltd. has announced the First H Share Class Meeting of 2025, scheduled for May 28, 2025, in Qingdao, PRC. The meeting will address special resolutions to grant the Board of Directors a general mandate to repurchase up to 10% of the total number of H Shares and up to 30% of the total number of D Shares in issue. This move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
Haier Smart Home Co., Ltd. announced a final cash dividend of RMB 9.65 per 10 shares for the financial year ending December 31, 2024. This announcement reflects the company’s financial health and commitment to returning value to its shareholders, potentially impacting its market positioning positively.
Haier Smart Home Co., Ltd. reported its annual financial results for the year ending December 31, 2024, showing a 4.3% increase in revenue to RMB 285,971 million and a 14.6% rise in profit to RMB 19,576 million compared to the previous year. The company’s earnings per share also saw an increase, with a proposed dividend per 10 shares rising to RMB 9.65. These results indicate a positive financial performance, potentially strengthening Haier’s position in the smart home industry and providing value to its stakeholders.
Haier Smart Home Co., Ltd. has announced a board meeting scheduled for March 27, 2025, to review and approve the financial results for the year ending December 31, 2024. The meeting will also consider the potential payment of a final dividend, indicating the company’s ongoing commitment to shareholder returns and financial transparency.