Research memoHaier Smart Home Co., Ltd. (6690.HK) · HKSEMemo of October 18, 2026

Haier Smart Home earnings

Haier Smart Home's next results are expected on October 29, 2026. Watch whether Haier Smart Home's margins, factory utilization and operating cash flow improve as capacity expands.

October 29, 2026
Next results
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Every number traced to Haier Smart Home's filings8 chapters · 15,788 words123 sources cited

What has Haier Smart Home guided for the year?

Haier has also promised a specific shareholder return. It said the cash dividend payout ratio would be at least 58% in 2026. It set at least 60% for the following two years. A payout ratio is the share of attributable profit distributed as dividends, not a return of that percentage on the share price. Because Haier did not recommend an interim dividend for the first half of 2026, the full-year distribution will be the important test.

Guidance in force
PeriodLowGiven on
Cash dividend payout ratio — 2026Year to Dec 202658.0%Mar 26, 2026
Cash dividend payout ratio — 2027Year to Dec 202760.0%Mar 26, 2026

What this means. The low percentage is a minimum, not a forecast, meaning the company plans to pay at least that share of its profit to shareholders as cash dividends.

What have Haier Smart Home's last eight reported periods shown?

The second quarter improved from the first, and the company reported a year-on-year revenue increase for that quarter. The full half-year remained weaker, so the next test is whether demand, currency and HVAC integration improve together.

The last eight reported periodsRMB millions; per share in RMB
6 months to Jun 20266 months to Dec 20256 months to Jun 20256 months to Dec 20246 months to Jun 20246 months to Dec 20236 months to Jun 20236 months to Dec 2022
Revenue152,109145,860156,469144,024141,981131,616121,921
Gross margin26.8%25.9%26.4%28.2%26.3%29.8%31.5%
Net income10,3167,52012,0338,32110,4107,6348,9636,752
EPS, diluted1.120.811.290.891.120.820.960.72
Cash from operations9,75214,86411,13917,8948,4246,79014,290
= Free cash flow3,7237,7385,3199,8582,2281,7028,296

What should investors watch in Haier Smart Home's next results?

Two factory milestones are close. Investors should watch for the Thailand washing-machine groundbreaking on October 26 and the opening of the second phase of the refrigerator and freezer complex in Egypt in mid-to-late November. A ceremony is only an early signal. The meaningful evidence will be on-time production, rising volume and enough customer demand to justify the fixed costs.

The verdict will come from margins, factory utilization and operating cash flow. If those improve as capacity expands, Haier may be able to fund both its promised shareholder returns and its next phase of growth.

From the full memo · 1. The business

Haier Smart Home is a global seller of household appliances, connected-home solutions, and commercial cooling systems. Its money comes in through products, projects, and distribution, then goes out through the costs of making, selling, delivering, and supporting them.

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