On September 21, HAIER SMARTHOME fell 3.16% in regular trading, hitting a recent low of HK$19.92 per share, with turnover of approximately HK$71.63 million.
The decline comes as the market continues to digest the company's disappointing mid-term results. The previously disclosed interim report revealed net profit fell 14.27% year-over-year, marking the first-ever H1 earnings decline in the company's history. RMB appreciation resulted in approximately 911 million yuan in foreign exchange losses, serving as the primary drag on profitability. Additionally, the resignation of two senior executives has heightened market concern over management stability. On the cost side, copper prices surging past 110,000 yuan per ton to a record high have intensified margin pressure across the home appliance industry.
The broader Household Appliances sector traded weak in tandem. Among peers, MIDEA GROUP fell 2.32%, CHERVON dropped 3.21%, and HISENSE HA declined 1.54%. Morgan Stanley recently maintained an Equal-weight rating on the stock, projecting fiscal year sales to remain roughly flat year-over-year. The company has been actively repurchasing shares, having cumulatively bought back over 100 million A-shares totaling approximately 2.1 billion yuan.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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