Haier Smart Home unveils plan to boost value, returns

Haier Smart Home has released its 2025 Corporate Value and Return Enhancement Action Plan, aiming to strengthen corporate governance and improve shareholder returns. The company reported a net profit margin increase from 6.05% to 6.85% and a return on equity rise from 16.8% to 17.7% between 2022 and 2024. As of June 30, 2025, Haier Smart Home's cash assets reached 80.688 bn yuan, with an asset-liability ratio of 59.37%.

The plan emphasizes digital transformation, which has led to a 17% reduction in inventory turnover days in air conditioning and a 13% improvement in domestic market SKU portfolio efficiency in the first half of 2025. Revenues for Casarte and Leader brands grew over 20% and 15% year-on-year, respectively, in the first half of 2025. Additionally, daily production output at domestic manufacturing bases increased by 14%, and the average order response cycle shortened to 8.9 days.

For shareholder returns, Haier Smart Home distributed approximately 37.2 bn yuan in cumulative cash dividends since its 1993 A-share listing, with a 34.61% payout ratio. In 2024, dividends totaled nearly 9 bn yuan, representing a 48.01% ratio. The company repurchased 20,082,042 A-shares at 470 m yuan and 1.15 m H-shares at HK$27 m in 2024.