Haier Smart Home Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	295,150	300,582	284,617	273,069	242,497	226,120
Other Revenue	1,765	1,765	1,399	1,135	1,082	985.44
Revenue	296,915	302,347	286,015	274,205	243,579	227,106
Revenue Growth (YoY)	1.25%	5.71%	4.31%	12.57%	7.25%	8.29%
Cost of Revenue	218,719	222,733	207,415	199,930	168,408	157,007
Gross Profit	78,196	79,614	78,601	74,275	75,171	70,099
Selling, General & Admin	46,771	47,640	45,744	44,601	49,447	47,056
Research & Development	9,911	10,096	10,770	10,380	9,507	8,364
Other Operating Expenses	1,111	1,010	-158.42	861.57	791.02	892.83
Operating Expenses	57,810	58,747	56,702	56,134	60,236	56,675
Operating Income	20,386	20,867	21,899	18,141	14,935	13,424
Interest Expense	-2,404	-2,679	-2,727	-2,165	-988.04	-712.46
Interest & Investment Income	3,292	3,250	3,814	3,252	2,688	2,971
Currency Exchange Gain (Loss)	1,001	1,001	-119.48	132.6	371.89	-577.46
Other Non Operating Income (Expenses)	-1,164	-48.97	-124.05	-56.54	-39.59	-63.58
EBT Excluding Unusual Items	21,111	22,389	22,743	19,303	16,967	15,042
Gain (Loss) on Sale of Investments	171.67	91.9	35.93	16.9	-123.29	118.46
Gain (Loss) on Sale of Assets	-192.83	-197.51	-50.2	-108.42	182.31	90.24
Asset Writedown	28.46	-40.06	-10.23	-91.74	-3.3	-34.63
Other Unusual Items	1,241	1,235	4.68	1,092	768.33	721.9
Pretax Income	22,359	23,479	22,723	20,212	17,791	15,938
Income Tax Expense	3,027	3,316	3,157	3,123	3,058	2,705
Earnings From Continuing Operations	19,333	20,163	19,566	17,088	14,733	13,232
Minority Interest in Earnings	-614.86	-610.3	-834.49	-491.87	-21.26	-153.42
Net Income	18,718	19,553	18,731	16,597	14,712	13,079
Net Income to Common	18,718	19,553	18,731	16,597	14,712	13,079
Net Income Growth	-3.77%	4.39%	12.86%	12.81%	12.49%	47.23%
Shares Outstanding (Basic)	9,224	9,223	9,273	9,272	9,311	9,276
Shares Outstanding (Diluted)	9,312	9,311	9,273	9,324	9,371	9,342
Shares Change (YoY)	0.07%	0.41%	-0.55%	-0.50%	0.31%	37.77%
EPS (Basic)	2.03	2.12	2.02	1.79	1.58	1.41
EPS (Diluted)	2.01	2.10	2.02	1.78	1.57	1.40
EPS Growth	-3.83%	3.96%	13.48%	13.38%	12.14%	6.87%
Free Cash Flow	16,193	17,151	16,238	15,994	12,047	15,863
Free Cash Flow Per Share	1.74	1.84	1.75	1.72	1.29	1.70
Dividend Per Share	1.156	1.156	0.965	0.801	0.567	0.461
Dividend Growth	19.78%	19.78%	20.43%	41.34%	22.88%	26.05%
Gross Margin	26.34%	26.33%	27.48%	27.09%	30.86%	30.87%
Operating Margin	6.87%	6.90%	7.66%	6.62%	6.13%	5.91%
Profit Margin	6.30%	6.47%	6.55%	6.05%	6.04%	5.76%
Free Cash Flow Margin	5.45%	5.67%	5.68%	5.83%	4.95%	6.98%
EBITDA	25,950	26,543	28,025	23,669	19,679	18,229
EBITDA Margin	8.74%	8.78%	9.80%	8.63%	8.08%	8.03%
D&A For EBITDA	5,564	5,677	6,126	5,528	4,744	4,805
EBIT	20,386	20,867	21,899	18,141	14,935	13,424
EBIT Margin	6.87%	6.90%	7.66%	6.62%	6.13%	5.91%
Effective Tax Rate	13.54%	14.12%	13.89%	15.45%	17.19%	16.97%
Revenue as Reported	296,915	302,347	286,015	274,205	243,579	227,106

Source: S&P Global Market Intelligence. Standard template. Financial Sources.