06690 HAIER SMARTHOME
- 27.750
- -0.450-1.60%
HAIER SMARTHOME News
Guolian Securities: Domestic sales of household appliances may be entering a crucial moment of shifting gears, with the advantage of 'price bands + channels'.
Driven by the "trade-in old for new" policy, domestic appliance sales may be entering a crucial moment, with significant subsidy sales scale and prominent elasticity of off-season categories.
Tmall's november 11 shopping festival-related, unexpected outbreak of home appliances.
From platforms to enterprises, and then to the policy level, this year's singles' day sales is considered a very important topic to promote consumer spending and maintain growth. As a result, this year's singles' day sales has been quite significant for several years. For consumers, there are now more reasons to reignite their enthusiasm for consumption.
Haier SmartHome (600690: Profitability steadily improving, driving double-digit profit growth.
haier smarthome released its 2024 third-quarter report, with revenue increasing by 2% year-on-year and net income attributable to mother increasing by 15%. The company achieved revenue of 202.97 billion yuan in the first three quarters of 24, a year-on-year increase of +2.17%; achieving a net income attributable to mother of 1 billion.
Haier Smarthome (06690.HK) had repurchased a cumulative total of 1.15 million H股 shares as of October 31.
Gelonghui Nov 1st, Haier Smarthome (06690.HK) announced that on June 20, 2024, the company's 2023 annual general meeting of shareholders, 2024 first class A shareholders' meeting, 2024 first class D shareholders' meeting, and 2024 first class H shareholders' meeting passed the resolution on 'Proposal of Haier Smarthome Limited on submitting to the shareholders' meeting for the board of directors to be granted general authorization to decide on repurchasing up to 10% of the total number of issued H shares of the company.' The repurchase period runs from the start date to October 31, 2024, and the company has repurchased a total of 1.15 million shares.
haier smarthome (600690): Performance meets expectations, looking forward to Q4 trading in old for new.
The company disclosed its Q3 24 performance: revenue of 67.3 billion (+0.5%), net income attributable to parent company of 4.7 billion (+13%), non-net income attributable to parent company of 4.5 billion (+10%); Q1-3: revenue of 203 billion (+2%)
Haier Smarthome (600690.SH): Debt financing tools approved for registration.
Gelonghui, November 1st, Haier Smarthome (600690.SH) announced that the National Interbank Funding Center announced on October 21, 2024 that the 131st registration meeting of the Association of Interbank Market Dealers ("Interdealer Association") agreed to accept the registration of the company's medium-term notes and issued the "Acceptance of Registration Notice", with a registration amount of 10 billion yuan. The registration amount of the aforementioned medium-term notes is valid for 2 years from the date of the "Acceptance of Registration Notice" (October 25, 2024), underwritten by Bank of China Limited, the company can issue in installments during the valid registration period, and after the issuance is completed, it will be done through
Express News | Haier smarthome: approved to issue 10 billion yuan of medium-term notes.
Haier SmartHome (600690): Continuous improvement in efficiency and cost reduction in Q3 2024, achieving rapid growth in net income attributable to the parent.
2024Q3 continues to improve efficiency and reduce costs, achieving faster growth in net income attributable to the parent company, maintaining a 'buy' rating. In 2024Q1-3, the company achieved revenue of 202.97 billion yuan (+2.2% year-on-year, the same below), with net income attributable to the parent company 15.
What went wrong with the registration after a while? Haier's subsidiary took the initiative to withdraw the IPO.
①On October 29, gem IPO Ririshun's application for withdrawal was terminated, and it was announced on the same day that it would merge financial statements with a shareholder's subsidiary company; ②Ririshun has a high proportion of related party transactions and overlap in business locations with the shareholder, raising doubts about its operational independence; ③A total of 46 companies have voluntarily withdrawn their IPO applications this year after passing the review, with only one IPO failing to pass, which is Shenghua Bo from the Shanghai main board.
Bocom Intl raises haier smarthome (06690.HK) target price to 37.59 yuan, overseas business continues to lead growth.
Bocom Intl released a report stating that Haier Smarthome (06690.HK) maintained stable revenue and double-digit profit growth in the first three quarters, meeting market and the bank's expectations. Revenue and net profit in the previous quarter increased by 0.5% and 13.2% respectively year-on-year, with the gross margin continuing to rise. The net profit margin in the previous quarter was 7.2%, an increase of 0.9 percentage points year-on-year. The report mentioned that its overseas business continues to drive revenue growth. Haier's overall revenue slightly increased by 0.5% in the previous quarter, with overseas business maintaining single-digit growth seen in the first half of the year (3.8% year-on-year growth in the third quarter), offsetting the decline in China business (3% decline year-on-year), Europe/
[Brokerage Focus] Bocom Intl raises target price for Haier Smarthome (06690) as revenue in the first three quarters remains stable in line with expectations.
Jingu Finance News | Bocom Intl released research reports stating that Haier Smarthome (06690) maintained stable income in the first three quarters, with double-digit profit growth, in line with market and the bank's expectations. As for the third quarter, the income/net income increased by 0.5%/13.2% year-on-year, while the gross margin continued to rise, with a net income margin of 7.2% in the third quarter, up by 0.9 percentage points year-on-year. The bank pointed out that overseas business continues to drive revenue growth. Haier's overall revenue in the third quarter increased slightly by 0.5%, with overseas business maintaining single-digit growth as in the first half of the year (3rd quarter year-on-year growth of 3.8%), offsetting the decline in China business (3% year-on-year decline), Europe.
Haier Smarthome (600690): The Q3 performance steadily against the trend, with the consolidation of RRS helping the retail transformation.
Haier SmartHome released its third quarter report for 2024, with revenue slightly increasing against the trend, while profit relied on structural adjustments and digital efficiency improvements, continuing to enhance profitability. In the future, the company is expected to seize the opportunity of the era of state subsidies, adjust its product structure, and optimize.
Haier SmartHome (600690) 24Q3 performance review: Significant results in digital efficiency improvement, continuous optimization of costs.
Executive Summary: The company's performance in Q3 2024 meets expectations. The pressure on the household appliances sector in July and August has led to no revenue growth. Since September, the improvement has been significant, and it is expected that revenue will accelerate in Q4; profitability is steadily improving on the basis of cost optimization.
Research reports | CICC: Haier Smarthome's profitability steadily improving, maintaining 'outperform industry' rating
October 30th, Geelonghui | China International Capital Corporation research reports indicate that haier smarthome's 3Q24 revenue was 67.349 billion yuan, up by 0.5% year-on-year, with a net income attributable to the mother of 4.734 billion yuan, up by 13%, performance in line with our expectations. Since 2Q24, domestic appliance sales have been weakening, with July domestic refrigeration and washing retail sales down by -12%/-7%/-14% (AVC data). Since August, the stimulus policy of trading in old products for new ones has gradually landed in various provinces and cities in the country, driving the rebound of domestic sales of major appliances. Overseas markets continue to increase market share. In 3Q24, whirlpool and Electrolux's North American revenue decreased by -4.3%/-3% year-on-year.
Hong Kong stock market anomaly | haier smarthome fell more than 3%, stock price hit a new low in over a month
Gelonghui October 30th | Haier Smarthome (6690.HK) is currently down 3.52% at 28.75 Hong Kong dollars, marking a new low for over a month since September 27th; with a temporary turnover of 0.46 billion Hong Kong dollars, the latest market cap is 269.7 billion Hong Kong dollars. CCB International released a report pointing out that Haier Smarthome's domestic business in the third quarter is under pressure, but subsidies are changing the landscape; its business continues the second quarter performance, with revenue growth still weak, but showing better year-on-year growth in net income. Performance reflects Haier's consistent efficiency improvement through digitization and reform. The report indicates that in the short term, the positive demand created by subsidies for replacement of old products is driving Haier Smarthome's domestic business.
Major rating agencies - Morgan Stanley: Bullish on mainland home appliance stocks, with Haier Smarthome as the top choice.
On October 30th, JPMorgan stated in a report that China's home appliances have high and stable gross margin, with business areas diversified, therefore considered as one of the more bullish industries in the mainland. On the other hand, JPMorgan believes that home appliance stocks directly benefit from mainland stimulus policies, combined with the current expected average PE ratio of 12.2 times next year, which is lower compared to global peers, once the future quarterly results are ideal, the valuation is expected to be raised. The firm is most bullish on Haier, with a "shareholding" rating, but has lowered Haier's target price from HK$38 to HK$36.
Nomura Adjusts Haier Smart Home's Price Target to 44 Yuan From 39.30 Yuan, Keeps at Buy
Haier Smarthome (600690): Old for new driving domestic sales recovery, profitability steadily improving.
The performance in the third quarter of 2024 meets our expectations. The company announced the performance for the first to third quarters of 2024: 1) Revenue of 202.971 billion yuan, +2.2% year-on-year; net income attributable to mother of 15.154 billion yuan, +15.3% year-on-year. 2) Corresponding 3.
Daiwa: Rated haier smarthome (06690) 'In Sync with the Market', third quarter performance meets expectations.
DALIAN MOON expects haier smarthome's fourth quarter revenue growth to accelerate to mid-to-high single digits.
Haier Smarthome (600690): Profit in Q3 of 24 increased by double digits, the merger with RRS is expected to enhance the integrated logistics capabilities domestically and internationally.
Event: On October 29, 2024, Haier SmartHome released the third quarter report for 2024. In the first three quarters of 2024, the company's revenue/net income attributable to mother/shareholders was 2030/151.5/146.9 respectively.
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