Haier Smart Home Co., Ltd. announced its financial results for the quarter ended 30 September 2026, reporting revenue of RMB 69.70 billion and net profit attributable to shareholders of the parent company of RMB 4.68 billion. For the nine-month period, revenue totaled RMB 221.82 billion, with net profit of RMB 15.00 billion. The company’s gross margin remained broadly stable year-on-year at 27.2%, underscoring its ability to maintain profitability despite a challenging global economic environment.
The results matter because they demonstrate Haier’s resilience and strategic execution in a highly competitive industry. In China, the company’s retail value share reached 20.6% online and 25.0% offline in the first nine months, up 2.9 and 1.7 percentage points year-on-year, respectively. This growth was supported by proprietary innovations, such as AI technology that improves the thawing of frozen food and a four-drum AI laundry system that allows consumers to wash different types of clothing separately. These product upgrades are part of Haier’s broader effort to capture more consumer demand and strengthen its market position.
Internationally, Haier also made significant strides. In North America, GE Appliances gained core appliance market share, with small appliances growing strongly through an expanded range of countertop products under Cafe and GE Profile. In Europe, retail value shares in refrigeration and laundry increased in core markets, supported by product innovation and the company’s global product platform. Revenue in India grew at three times the industry rate, while unit sales of solar-powered air conditioners doubled in Pakistan and premium washing machines were introduced in Vietnam. These gains highlight Haier’s localized approach and its ability to adapt to diverse consumer needs across regions.
Management emphasized that the US supply-chain restructuring is nearly complete and has met its objectives, with investments in more productive facilities and organizational changes using AI and closer integration to improve efficiency. Chairman and CEO Li Huagang noted that growth comes from better products and a better consumer experience, with a strong pipeline of next-generation technologies. The company plans to prioritize its HVAC and emerging-market businesses, confident that local expertise and regional supply chains can increase their share of revenue and profit.
HVAC integration is already reducing costs and improving efficiency, with coordinated procurement and in-house manufacturing making the commercial air-conditioning business in China more cost-competitive. In North America, GE Appliances reported strong growth in Air & Water Solutions and introduced a new variable refrigerant flow system for commercial customers. In Europe, Haier is accelerating R&D and market development for air conditioners and heat pumps, including models using R290 refrigerant to meet local demand for improved environmental performance.
For investors and industry observers, these results signal Haier’s ability to navigate near-term pressures while investing in long-term growth drivers. The company’s focus on innovation, market share expansion, and operational efficiency positions it well to compete effectively over the next two to three years. As Haier continues to execute its strategy, its performance will be closely watched as a bellwether for the global home appliance sector. The full release can be viewed on www.newmediawire.com.
