Haier Smart Home Half-Year Revenue Falls 2.8%

Haier Smart Home reported first-half 2026 revenue of CNY 152.12 billion, down 2.80% year on year, in its half-year report. Net profit attributable to shareholders declined 14.27% to CNY 10.32 billion, showing a sharper earnings reduction than the change in sales.

Profit excluding non-recurring items was approximately CNY 9.30 billion, down 20.54%. Operating cash flow remained positive at CNY 9.75 billion but fell 12.45% from the previous year. These measures describe different parts of the group's performance, with both adjusted earnings and cash generation weakening during January through June.

The report identified foreign exchange as an earnings pressure as the renminbi strengthened. It described approximately CNY 911 million of exchange losses recorded in financial expenses, partly offset by CNY 207 million of hedging gains elsewhere in the accounts. The resulting net exchange loss was about CNY 704 million.

Haier Smart Home's consolidated business spans multiple appliance categories and international operations. The half-year figures therefore provide a broad view of the company rather than a standalone result for cleaning robots, vacuum cleaners or laundry equipment. The currency explanation is one component of the reported earnings movement and should not be treated as a complete account of every operational change.