Haier Smart Home Co., Ltd. (A-share: 600690.SH; H-share: 06690.HK; D-share: 690D.DE), a global leader in smart home solutions, announced its financial results for the quarter ended September 30, 2026. The company reported third-quarter 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 attributable to shareholders of the parent company of RMB 15.00 billion. The nine-month gross margin remained broadly stable year-on-year at 27.2%.
In a management commentary, Chairman and CEO Li Huagang stated that the company gained share in core markets and held gross margin broadly steady in the first nine months. He noted that the US supply-chain restructuring is nearly complete and has met its objectives. Haier Smart Home is investing in more productive facilities and changing how it runs and organizes the business, using AI and closer integration to improve efficiency and compete more effectively over the next two to three years. Li emphasized that growth comes from better products and a better consumer experience, with new products already on the market and more to come from a strong pipeline of next-generation technologies. The company will prioritize its HVAC and emerging-market businesses, confident that local expertise and regional supply chains can help increase their share of revenue and profit.
In China, Haier Smart Home’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, according to All View Cloud (AVC). The company is upgrading its refrigeration and laundry products with proprietary innovations, including AI technology that improves the thawing of frozen food and a four-drum AI laundry system that lets consumers wash different types of clothing separately. These product advancements underscore Haier’s focus on differentiated offerings that address specific consumer needs.
Internationally, GE Appliances gained core appliance market share in North America during the first nine months, 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 (Italy, Spain, the UK and France), supported by product innovation and the company’s global product platform, per GfK data. Revenue in India grew at three times the industry rate, and the company expanded its premium washing-machine range there. Unit sales of solar-powered air conditioners doubled in Pakistan, premium washing machines were introduced in Vietnam, and revenue in the Middle East and Africa grew steadily in US dollar terms in the third quarter.
In smart HVAC solutions and commercial refrigeration, HVAC integration is reducing costs and improving efficiency, with coordinated procurement and in-house manufacturing making the company’s commercial air-conditioning business in China more cost-competitive. In China, the residential air-conditioning product mix shifted upmarket. 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, with models using R290 refrigerant to meet local demand for improved environmental performance.
These results matter for investors and industry observers because they demonstrate Haier Smart Home’s ability to maintain profitability amid a challenging global trade environment, while continuing to invest in AI, supply-chain optimization, and high-growth segments like HVAC and emerging markets. The company’s focus on local expertise and regional supply chains may serve as a model for other multinationals navigating geopolitical and economic uncertainties. For consumers, the innovations in AI-powered appliances and sustainable HVAC solutions could lead to more efficient, personalized, and environmentally friendly products. The original release is available on www.newmediawire.com.
