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Haier Smart Home Co., Ltd. Class H
(6690)
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Rating:73Outperform
Price Target:
HK$23.50
▲(9.00% Upside)
Action:Reiterated
Date:08/30/26
The score is primarily supported by strong underlying financial performance (steady growth and solid profitability/ROE), tempered by rising leverage and uneven recent free-cash-flow momentum. Valuation is a clear positive due to the low P/E and high dividend yield. Technicals are moderately positive in the short-to-medium term but remain below the 200-day moving average, limiting the technical score.
Positive Factors
Consistent revenue growth
Sustained revenue expansion indicates continued demand across Haier’s appliance portfolio and channels. If maintained, the stronger top-line trajectory can support operating scale, brand investment and broader adoption of connected-home products over the next several months.
Negative Factors
Rising leverage reduces flexibility
Higher leverage increases financial sensitivity if appliance demand weakens, input costs rise or working-capital needs expand. It can constrain investment and shareholder distributions, reducing balance-sheet flexibility during a prolonged industry slowdown or execution setback.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained revenue expansion indicates continued demand across Haier’s appliance portfolio and channels. If maintained, the stronger top-line trajectory can support operating scale, brand investment and broader adoption of connected-home products over the next several months.
Read all positive factors
Haier Smart Home Co., Ltd. Class H (6690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$214.88B
Dividend Yield6.34%
Average Volume (3M)12.82M
Price to Earnings (P/E)10.8
Beta (1Y)0.85
Revenue Growth0.59%
EPS Growth-6.14%
CountryHK
Employees134,995
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)1.95
Shares Outstanding2,853,587,200
10 Day Avg. Volume12,195,333
30 Day Avg. Volume12,815,868
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$27.22Price Target Upside26.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)2.39
Revenue Forecast (FY)HK$356.16B
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
78
Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 296.60B | 302.35B | 285.98B | 261.43B | 243.51B | 227.56B |
| Gross Profit | 79.62B | 80.61B | 79.49B | 81.28B | 76.29B | 71.07B |
| EBITDA | 24.75B | 28.24B | 33.07B | 28.11B | 24.42B | 21.46B |
| Net Income | 17.80B | 19.55B | 18.74B | 16.60B | 14.71B | 13.08B |
Balance Sheet | ||||||
| Total Assets | 311.85B | 295.92B | 290.11B | 253.38B | 235.84B | 217.46B |
| Cash, Cash Equivalents and Short-Term Investments | 73.53B | 59.67B | 56.82B | 56.97B | 54.66B | 48.64B |
| Total Debt | 72.98B | 66.52B | 27.93B | 32.69B | 32.35B | 26.18B |
| Total Liabilities | 182.54B | 168.45B | 171.72B | 147.47B | 141.13B | 136.38B |
| Stockholders Equity | 119.66B | 118.75B | 111.37B | 103.51B | 93.42B | 79.81B |
Cash Flow | ||||||
| Free Cash Flow | 15.96B | 17.33B | 16.47B | 15.36B | 11.95B | 15.76B |
| Operating Cash Flow | 25.47B | 25.95B | 26.54B | 25.26B | 20.15B | 23.13B |
| Investing Cash Flow | -16.17B | -17.25B | -20.07B | -17.09B | -8.92B | -8.07B |
| Financing Cash Flow | -12.82B | -17.21B | -7.91B | -7.84B | -3.82B | -15.64B |
Haier Smart Home Co., Ltd. Class H Technical Analysis
Negative
21.56
Price Trends
20.76
Positive
20.30
Positive
22.23
Negative
Market Momentum
0.06
Positive
45.54
Neutral
33.72
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 21.56 is above the 20-day moving average (MA) of 21.22, above the 50-day MA of 20.76, and below the 200-day MA of 22.23, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 45.54 is Neutral, neither overbought nor oversold. The STOCH value of 33.72 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$754.83B | 14.55 | 19.96% | 4.95% | 9.41% | 6.11% | |
73 Outperform | HK$214.88B | 10.80 | 14.77% | 6.34% | 0.59% | -6.14% | |
63 Neutral | HK$463.34M | 10.46 | 5.15% | 6.82% | -8.88% | -4.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$40.54B | 13.94 | 15.74% | 6.42% | -5.25% | -15.94% | |
56 Neutral | HK$5.21B | 14.93 | 8.56% | 3.47% | 0.39% | ― | |
52 Neutral | HK$314.51M | -17.19 | -0.49% | 414.85% | 4.73% | 76.27% |
* Consumer Cyclical Sector Average
HK:6690
Haier Smart Home Co., Ltd. Class H
20.82
-3.30
-13.68%
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22.82
1.89
9.04%
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0.66
-0.13
-16.56%
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JS Global Lifestyle Company Limited
1.51
-0.42
-21.76%
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NVC International Holdings Ltd.
0.62
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Midea Group Co. Ltd. Class H
99.30
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22.37%
Haier Smart Home Co., Ltd. Class H Corporate Events
Haier Smart Home’s First-Half 2026 Profit Declines Amid Stable Margins
Aug 27, 2026
Haier Smart Home reported interim unaudited results for the six months ended 30 June 2026 showing a modest decline in top-line performance. Revenue slipped 2.8% year-on-year to RMB152.1 billion, while gross profit edged down 1.3% to RMB40.7 billio...
Haier Smart Home Sets Board Meeting to Approve 2026 Interim Results
Aug 14, 2026
Haier Smart Home Co., Ltd. has scheduled a meeting of its board of directors for 27 August 2026 in Qingdao to review and approve the interim financial results for the six months ended 30 June 2026. The board session will also address the publicati...
Haier Smart Home Raises Per-Share Dividend Rate to Maintain RMB8.25 Billion Payout
Jul 28, 2026
Haier Smart Home has updated investors on the final cash dividend for the year ended 31 December 2025, confirming that the total distribution will remain about RMB8.248 billion despite changes in share capital from share repurchases and transfers ...
Haier Smart Home Raises Per-Share Final Dividend While Keeping Total Payout Unchanged
Jul 28, 2026
Haier Smart Home has updated its final dividend plan for the year ended 31 December 2025 to reflect changes in its share capital arising from share repurchases and transfers to its Employee Stock Ownership Plan. While keeping the total cash distri...
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...
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.