Haier Smart Home

海尔智家

Established in 1984, Haier Group is a world-leading provider of solutions to beautiful life.

Haier Smart Home, founded in March, 1984 and headquartered in Qingdao, is a home appliance developer. The founder is Zhang Ruimin. Listed on the SSE on November 19, 1993, the company's major shareholders are Haier Electric International Co., Ltd., Haier Group Corporation and Hong Kong Securities Clearing Co., Ltd.. Rivals that have direct and indirect competition with Haier Smart Home include Xiaomi, Roborock, Amazon, Google, etc.

Established in 1984, Haier Group is a world-leading provider of solutions to beautiful life.

Sector

Consumer Discretionary

Industry

Personal/Household Appliances

Sub-industry

Household Appliances

Founded date

Mar 31, 1984

HQ location

Shandong, China

Legal name

Haier Smart Home Co., Ltd.

Website

http://www.haier.net

9999@haier.com

Number of Employees

87447

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Sep 11, 2020 09:50 am ·

Haier Smart Home Submits a Listing Application to HKEX

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Sep 3, 2020 05:54 pm ·

Revenue in Home Appliance Industry Down 12% from January to July

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News · 2

News EO

Aug 30, 2020 04:30 am ·

Haier Smart Home: Overseas Market Achieves a Counter-Trend Growth in 1H 2020

Haier Smart Home (600690:SH), a subsidiary of Haier Group, released the 2020 semi-annual report, which is the first performance report released after the company announced the privatization and integration plan of Haier Electric. Haier Smart Home achieved revenue of CNY 95.73 billion, a year-on-year decrease of 4.29%; net profit was CNY 2.78 billion, a year-on-year decline of 45.02%. In the context of the globalization of the epidemic, exports of the home appliance industry decreased by 1% year-on-year from January to May. However, Haier Smart Home's export volume still achieved a counter-trend growth of 8%, and the average customer price reached 14%. In terms of products, the company's main products are air conditioners, refrigerators, kitchen appliances, water appliances, washing machines, equipment parts, and channel integrated services, accounting for 17.80%, 28%, 14.7%, 4%, 20.7% and 13.9% of total revenue, respectively. Refrigerators and washing machines are still the revenue engine of the firm. The online market share of Haier refrigerators increased by 2.60% to 35%, 2.20 times the second place, and the offline market share was 38.50%, an increase of 2.3%, which was 2.98 times the second place. The online market share of washing machines increased by 4.90%, accounting for 39.30%, which was 1.26 times the second place, and the offline market share was 39.20%, an increase of 3.60%, which was 1.52 times the second place. The efficiency of Haier Smart Home SKU increased from 40% to 97%. The timely rate of logistics distribution increased to 99.5%. The efficiency of the process system utilization increased to 83%, and the defective product rate decreased by 94%. With the empowerment of Smart Home Experience Cloud, in the first half of 2020, Haier's smart home scenario solutions sold 627,000 sets, a year-on-year increase of 65.75%; IoT ecological revenue was CNY 3.77 billion, a year-on-year increase of 96%.

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Aug 20, 2020 06:34 pm ·

Haier Electric: Revenue Down 5.10% to CNY 35.08 Billion

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